SushiSwap (SUSHI) is one of the automated market makers (AMMs).
SushiSwap (SUSHI) is an automated market maker (AMM) that uses smart contracts to create markets for specific pairs on decentralized exchanges.
SushiSwap is an AMM that has become synonymous with the Decentralized Finance (Defi) movement and the related DeFi token trading boom, launched in September 2020 as a fork of Uniswap.
SushiSwap is a DEX with no centralized organization.
SushiSwap is a DEX with no centralized organization, and the maximum supply volume is 250,000,000 units.
The project was derived from Uniswap, and was also called Vampire Attack because it was initially designed to provide high APY (Annual Percentage Yield) incentives to Uniswap users to pull them into the SushiSwap protocol.
It is currently used for the following purposes
Rewarding users for holding
Rewards for pharming (Onsen, Sushi Bar)
Voting rights (SUSHIPOWAH) for operational policies
Gains from price increase due to increase in scarcity value by BARN of SUSHI supply
Mainly exists as an AMM, through which automated trading liquidity is set up between the two virtual currency assets.
The main target is DeFi traders who are looking to capitalize on the boom and provide liquidity by cashing in on project tokens.
The platform will take a 0.3% cut of the transactions that occur in the liquidity pool, and the Sushi tokens will be used to reward users with a portion of those fees.
Kashi is a lending platform for SushiSwap. With a fixed pair of loans, only the pool will fail in case of an emergency.
It is available for purchase on Binance, etc.
Official website : https://forum.sushi.com/
Twitter : https://twitter.com/sushiswap
