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Decentralized finance (DeFi) platform SushiSwap is integrating with the growing blockchain protocol Core, leveraging the network’s unique consensus mechanism to enhance its cross-chain functionality and deliver a broad suite of DeFi services.
The integration is expected to expand opportunities for developers within the Core ecosystem. Decentralized applications built on the protocol will gain access to SushiSwap’s liquidity pools, cross-chain swaps, and its decentralized exchange (DEX) aggregator.
SushiSwap’s automated market maker platform liquidity will also benefit the Core ecosystem. The additional liquidity from this integration is anticipated to improve the functionality of other DeFi protocols operating on Core.
SushiSwap joins ArcherSwap, IceCreamSwap, and OpenEx as a primary DeFi protocol on Core’s network. SushiSwap users will also benefit from enhanced cross-chain functionality facilitated by Core’s protocol.
A spokesperson for Core outlined the technical aspects of the Bitcoin-powered blockchain, which integrates both proof-of-work (PoW) and proof-of-stake (PoS) consensus mechanisms to provide privacy, scalability, and security.
“This approach leverages the existing Bitcoin infrastructure for security and decentralization through delegated hash power. Currently, 40% of Bitcoin’s hash is delegated to Core. Core is EVM-compatible, allowing use cases that otherwise would not be possible on Bitcoin.”
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According to the Core team, its proprietary Satoshi Plus consensus mechanism combines critical elements of both consensus models. Satoshi Plus utilizes Bitcoin (BTC) miners that participate in the election of Core’s validator set by delegating hashing power to designated validators.
Core then “complements” the decentralized security of the Bitcoin consensus mechanism by employing a form of Ethereum’s PoS:
“Satoshi Plus leverages DPoS to verify transactions by selecting validators that have a combination of staked native tokens and delegated hash power, providing scalability on top of PoW’s significant decentralization and security.”
As previously reported by Cointelegraph, Sushi “head chef” Jared Grey addressed concerns following a subpoena from the United States Securities and Exchange Commission. This led to the establishment of a $3 million cautionary legal defense fund for the Sushi DAO to address potential future legal issues.
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