Decentralized finance (DeFi) platform SushiSwap is set to integrate with the expanding blockchain protocol Core, capitalizing on the protocol's unique consensus mechanism to offer a wide array of DeFi services that leverage its cross-chain capabilities.
This integration is anticipated to open up more development possibilities within the Core ecosystem. Decentralized applications constructed atop the protocol will gain access to SushiSwap's liquidity pools, cross-chain swaps, and its decentralized exchange (DEX) aggregator.
The SushiSwap automated market maker platform's liquidity will also receive a boost from this integration, thereby enhancing the performance of other DeFi protocols running on Core.
SushiSwap is joining forces with ArcherSwap, IceCreamSwap, and OpenEx as a primary DeFi protocol operating within the Core network. The integration will also empower SushiSwap users with advanced cross-chain functionality, facilitated by Core's protocol.
Core's spokesperson has highlighted the technical features of the Bitcoin-powered blockchain, underpinned by a hybrid consensus mechanism that combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) mechanisms. This approach merges the existing security and decentralization of Bitcoin's infrastructure by incorporating hash power delegation. Presently, 40% of Bitcoin's hash power is directed towards Core.
The proprietary consensus mechanism, named Satoshi Plus, fuses crucial components of two distinct consensus mechanisms. It involves Bitcoin Miners participating in Core validator set elections through hash power delegation. In addition, Core employs Ethereum's PoS mechanism, offering scalability on top of PoW's decentralization and security, selecting validators that combine staked native tokens and delegated hash power for transaction verification.
Earlier concerns were raised when SushiSwap's "master chef" Jared Gray faced a subpoena from the SEC. In response, Sushi DAO has established a $3 million legal defense fund to address potential future legal challenges.
