SushiSwap

by Sushi
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A decentralized exchange using the Automatic Market Maker (AMM), based on the Ethereum blockchain.

Decentralized exchanges (DEX)

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SushiSwap description

SushiSwap is a decentralized cryptocurrency exchange running on Ethereum blockchain. In SushiSwap users can exchange ERC-20 tokens, get rewarded for staking internal xSHUSHI token, participate in liquidity pools, lending and borrowing. The exchange was created based on the Uniswap platform.

To use the features of SushiSwap, the user needs to connect a web3 wallet. The exchange supports more than 100 tokens for swap, with an exchange fee of 0.3%. Users can also invest cryptocurrencies and digital assets in liquidity pools, where they will receive 0.25% of all transactions. This information​ is from project CryptoDeFix. To do this, it is necessary to create an LP token consisting of two cryptocurrencies, by choosing their ratio the user determines the value of the pool.

SushiSwap has its own SUSHI token, users who make transactions on the exchange receive it. It can be used to make bets or to do staking. SushiSwap have good security, developers are constantly ordering security audits from companies. During its existence, the exchange has never been hacked.

Specifics of SushiSwap

  • Cryptocurrency swap
  • Participation in pools
  • Low transaction fees - 0.25%
  • SUSHI token storage fee
  • Lending
  • Staking

SushiSwap features

Exchanges

Forms of trade: Spot trading 1
Check out Transaction protection Protection of transactions from scam and other types of incorrect actions 1
No Currency converter Currency converter integrated into the exchange 0
No Listing Ability to place your own cryptoservices on the exchange 0
Number of assets: 396 0
Cryptocurrency pairs: 762 0

Decentralized exchanges (DEX)

Check out SWAP 0
Check out Liquidity pools 0
Check out Liquidity farm 0
Minimum fees: 0,25 0
Check out Staking 0
Check out Borrowing 0
Check out Lending 0
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SushiSwap

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Sushiswap is a decentralized trading platform and it ks one of the advanced and immensely growing Dex Platform. It provides incentives to you as a liquidity provider not only in terms of trading fees but also Sushi tokens and you can further earn protocols' fee on the tokens without an additional provision of liquidity. Sushiswap supports about 100+ tokens that can be swapped. It is a good project with good reward system for its users, I enjoin you to take advantage of it. There are privileges for loyal users. SUSHI supporters are paid a share of SushiSwap's transaction fees. The platform's liquidity providers (LPs) are rewarded with free SUSHI for their support.

SushiSwap
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September 20, 2021