ThunderCore enters Strategic Partnership with XY Finance to boost cross-chain interoperability
ThunderCore has entered into a Strategic Partnership with XY Finance to improve interactions in cross-chain interoperability and facilitate the exchange of crypto assets on ThunderCore and other public blockchains. With plans to list its X Swap application, XY Finance will soon be integrated into the ThunderCore blockchain as well as TT Wallet.
XY Finance is a cryptocurrency exchange aggregator for DeFi and the Metaverse. It allows cross-chain transactions, while assets in its liquidity pools can also generate revenue in other crypto protocols. X Swap enables fast and secure cross-chain transactions from the source blockchain (ThunderCore) to the targeted blockchain. Moreover, Y Pool provides liquidity for the same crypto assets on multiple blockchains, allowing users to meet the liquidity requirements in cross-chain transactions and incentivizing liquidity providers through cross-chain fees and XY tokens.
XY Finance’s integration into ThunderCore will enable direct exchange of crypto assets on the ThunderCore blockchain with other public blockchains such as Binance Smart Chain (BSC), Polygon, Fantom, Cronos and Ethereum. The first batch of X Swap crypto assets supported on the ThunderCore blockchain include USDT, USDC, TT, FTT, RAM and ACORN.
ThunderCore promotes interactions between native assets on public blockchains and crypto assets on heterogenous blockchains. It has cross-chain interoperability with Ethereum, Binance Smart Chain, HECO chain, while other digital assets can also be circulated on the ThunderCore blockchain. Once X Swap is logged into TT Wallet, the ThunderCore ecosystem’s assets will reach a wider crypto user base.
In addition, users can enjoy many advantages and services on ThunderCore once assets are converted from other public blockchains to ThunderCore through transactions on XY Finance. These services include transaction confirmation in seconds, DApp participation opportunities on the blockchain as well as liquidity mining with DeFi. XY Finance’s multi-chain ecosystem has also expanded after entering into a strategic partnership with ThunderCore, further enriching its source of token assets.
GameFi and NFT represent the core of ThunderCore’s ecosystem development in 2022, while XY Finance has similar plans to promote GameFi and NFT. The alignment of both parties’ strategic plans would provide room for further interaction opportunities. Users can also look forward to both parties exploring opportunities in various areas, such as cross-chain NFT interoperability. Stay tuned for more coming collaborations!
XY Finance：https://app.xy.finance/
XY Finance Official Twitter Account: https://twitter.com/xyfinance
About ThunderCore
ThunderCore is a secure, high-performance, EVM-compatible and eco-friendly public blockchain with its own native currency, TT. With a breakthrough consensus protocol that overcomes the scalability “trilemma” called PaLa, the ThunderCore network offers 4,000+ TPS, 1 second confirmation times, and low gas fees that cost less than a fraction of a cent, giving decentralized applications security and scalability.
Currently, ThunderCore has an international user base that spans across more than 100 countries.
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