PressOne(PRS)

ThunderCore, the leading layer-1 blockchain, and SushiSwap, a pioneer in multi-chain decentralized finance, are excited to announce their partnership aimed at establishing an innovative and sustainable DeFi ecosystem. The collaboration between these two industry leaders brings together ThunderCore's rapid growth and expertise in web3 games and SushiSwap's entrepreneurial spirit, this collaboration creates a powerful synergy to drive the future of decentralized finance. With a shared vision and aligned goals, SushiSwap and ThunderCore are poised to revolutionize the DeFi landscape. Together, they have developed a cutting-edge fee-boosting model that enhances Annual Percentage Rates (APRs), allowing liquidity providers (LPs) to maximize their earnings within the ThunderCore ecosystem. This breakthrough mechanism ensures a sustainable circulation of liquidity, benefitting both ThunderCore and SushiSwap ecosystems. Meanwhile, ThunderCore is proud to pioneer the launch of V3 farming in SushiSwap, cementing its position as one of the first chains to implement this groundbreaking feature. Leveraging ThunderCore's low gas fees, the platform is set to attract a diverse range of users eager to participate in liquidity provision. This strategic collaboration between ThunderCore and SushiSwap signifies a paradigm shift in the DeFi landscape, ushering in a new era of collaboration, scalability, and user-centric approaches. This partnership will bring a suite of innovative Sushi products to ThunderCore, including: ● Sushi v3 AMM: Sushi’s framework for spinning up and interacting with pools of different types with varying fee tiers as well. ● SushiXSwap: Sushi's cross-chain swap tool for quick, trustless swaps between supported chains. ● Onsen: Onsen farms are Sushi’s “double reward” farms that are for either new projects seeking liquidity or for established projects that Sushi is working with closely; these pools payout in two assets instead of one. ● Furo: Sushi’s token-streaming platform built upon BentoBox, which allows for token streaming of any compatible asset to any wallet over any timeframe, along with options to create token vestings and cliffs as well. The Partnership aims to a sustainable DeFi ecosystem ThunderCore and SushiSwap share the belief that a novel business model is essential for promoting sustainable growth and driving ongoing innovation in the blockchain and DeFi ecosystem. Consequently, alongside the deployment of the aforementioned products, it can be predicted that both ThunderCore and SushiSwap are actively working on the development of an innovative revenue-sharing mechanism that aims to disrupt the DeFi space. Here's a breakdown of how our forthcoming revenue-sharing mechanism will operate: ● ThunderCore and Sushi will use a percentage of fees generated by activity conducted on ThunderCore via SushiSwap. ● Both parties will allocate and distribute these $TT and $SUSHI as rewards to LPs, thereby boosting APRs for everyone. ● ThunderCore will also buy back $TT and incentivize the community for a sustainable ecosystem. Roger Hsu, CEO of ThunderCore, acknowledges the stifling deadlock in the DeFi market and expresses the intention to create inspiration and break free from this state. The partnership with SushiSwap plays a vital role in achieving this goal, as they work towards establishing a sustainable DeFi ecosystem with improved reward mechanics. “We are excited to launch on the ThunderCore chain and join the ThunderCore ecosystem to help ThunderCore further cement its ranking as a top 5 blockchain in terms of DAUs.” said Head Chef Jared Grey. About ThunderCore ThunderCore is a fast and secure EVM-Compatible layer-1 blockchain founded in Silicon Valley in 2017 to provide a robust infrastructure for DApps and the broader DeFi ecosystem. Its high-performance blockchain offers a breakthrough consensus protocol PaLa, 4,000+ TPS, sub-second confirmation times, and low gas fees. With over 8 million addresses, 680 million transactions, and 133 million block height on its network, ThunderCore is dedicated to bringing blockchain technology to broad adoption. About SushiSwap SushiSwap is a leading decentralized exchange, offering a wide range of DeFi products and services. We’re committed to driving innovation and supporting a diverse ecosystem of blockchain projects. Our community-driven organization aims to solve liquidity issues for the DeFi space, by leveraging network effects and connecting many decentralized markets and instruments. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Cape Town, South Africa, May 15th, 2023, ChainwireNFTfi, a leading NFT lending platform, has launched the next phase of its loyalty program NFTfi Rewards. In Earn Season 1, users can get rewarded with exclusive reward points for borrower-friendly loans and responsible lending behavior.The NFT space is growing rapidly, and healthy credit markets are fundamental to its overall growth. NFTfi’s Earn Season 1 reward structure has been designed with this in mind, to incentivize responsible NFT lending and contribute positively to the overall NFT ecosystem.Stephen Young, Co-Founder and CEO at NFTfi says: "We believe that NFT lending is a crucial part of the future of the NFT space, and we're committed to promoting a healthy and non-predatory lending environment through our new loyalty program."The principles by which Earn Points are calculated are the following:Only repaid loans earn points: Aims at motivating lenders to carefully manage default risk via conservative LTVs, and borrowers to not take out excessive debt they might not be able to repay.Larger and longer loans earn more points: Aims at motivating lenders to provide borrowers with flexible access to various loan sizes and loan durations.Lower interest rate (APR) loans earn the most points: Aims at motivating lenders to provide borrower-friendly interest rates and risk-adequate LTVs as a consequence.Earn Points are earned by repaying an eligible loan. Upon taking out a new loan, the associated Earn Points can be seen under “unsecured points” in the NFTfi Rewards cockpit. If the loan gets repaid, these points turn into “secured points”.The NFTfi Leaderboard shows unsecured Earn Points (upon starting a loan) and secured Earn Points (upon repayment). The 500 wallets with the most secured points by the end of Season 1 will get a multiplier of 2.5x max. on their final balance.NFTfi is committed to rewarding real users, not washlenders. The program disincentivizes wash loans through various measures, including no points for loans with APRs below 2%, no points for loans with a duration of fewer than 3 days, and no points for related wallets.Earn Points are non-transferable and not redeemable at present. They merely reflect the loyalty level of NFTfi users. Certain persons, such as US residents, other US persons, and persons located in the US, are not eligible to participate in the NFTfi Rewards loyalty program.Earn Season 1 is only the beginning of a long and exciting #NFTfiSummer. NFTfi has many surprises planned for all NFT collectors out there. For more information, check the Earn Points cockpit and the FAQs section.Market InformationNFT lending is a rapidly growing market, with the global NFT market expected to reach $13.6 billion USD by 2027, according to MarketsandMarkets. NFT lending offers benefits such as liquidity, enabling NFT holders to use their assets as collateral for loans. It also helps tackle issues such as the lack of traditional financing options for NFT holders and the need for a healthy credit market in the NFT space.Investments in loans carry inherent risks, and the value of NFTs can be highly volatile. Users should carefully consider their risk tolerance and investment objectives before taking out loans.About NFTfiNFTfi.com is a decentralized peer-to-peer lending platform that enables NFT holders to borrow ETH, USDC, and DAI cryptocurrency, secured by their non-fungible tokens (NFTs). The platform is non-custodial and built on the Ethereum blockchain, where smart contractsfacilitate secure and transparent transactions directly between borrowers and lenders. NFTfi provides a new way for NFT holders to unlock the value of their assets and access liquidity while also enabling lenders to earn interest on their funds. Since its first loan in May 2020, users have transacted over $400 million on the NFTfi smart contracts.Twitter | Discord | WebsiteContactStephen [email protected]

Paris, France, May 3rd, 2023, ChainwireToday marks a groundbreaking step for decentralized finance (DeFi) on the Solana blockchain as Symmetry launches its highly anticipated User Interface at https://app.symmetry.fi/.The platform aims to revolutionize the way users manage their portfolios through crypto indices and actively managed funds by providing an all-in-one solution for creating, managing, buying, and selling funds.Symmetry is a decentralized Crypto Indices and Actively Managed Funds infrastructure layer built on Solana, powered by the Symmetry Engine. This innovative on-chain asset management infrastructure covers everything from on-chain funds, indices, and multi-token liquidity pools, to liquidity routing between indices and decentralized exchange (DEX) aggregators, and public APIs for other DeFi projects to integrate Symmetry products seamlessly.The platform offers a wide range of opportunities for both fund managers and users. Managers can create and manage funds with multiple tokens that reweigh, rebalance, and refilter according to custom rules defined by the manager, or create a trustless Crypto Index with predefined rules. Users can create their own actively managed funds or indices and buy and sell funds created by other users or protocols.Symmetry's liquidity provision feature allows indices and actively managed funds to act as liquidity providers on DeFi aggregators such as PRISM and Jupiter when their token weights deviate from the target weights. This groundbreaking feature not only enables funds to rebalance at zero cost but also generates fees from aggregator users for fund managers and holders, a significant departure from traditional approaches where indices and funds typically pay fees on exchanges to rebalance.The Symmetry Engine relies on Pyth, a reliable price oracle, to determine true prices for each asset utilized in Symmetry products. This is crucial for funds to accurately determine fund values, rebalancing triggers, and buy/sell values for users.Example use-cases for Symmetry include decentralized index fund apps, decentralized fund management apps, treasury management tools, retail onboarding apps, copy-trading apps, and investing apps. The platform envisions a future where anyone can create an index fund, manage on-chain funds and portfolio strategies, convert wallet portfolios to funds, and integrate index or actively managed fund tokens for trading.With the launch of the Symmetry User Interface, the world of decentralized finance on the Solana blockchain is poised to experience a paradigm shift in how users interact with and manage their crypto portfolios. As the platform continues to roll out its full suite of features to all users, the future of Solana DeFi looks brighter than ever.ContactPRS. [email protected]