
What is SushiSwap (SUSHI)
SushiSwap is one of the leading decentralised exchanges (DEX) based on the automated market maker (AMM) model: it allows users to trade crypto-assets through algorithms that manage liquidity pools, without a central intermediary.
Origin: the Uniswap fork
SushiSwap was born in September 2020 from anonymous developers (known as 0xMaki and Chef Nomi), starting from Uniswap’s source code. To attract liquidity it adopted the so-called “vampire attack” strategy, offering incentives to those who moved their funds from Uniswap. Today it operates on dozens of different blockchains.
The SUSHI token
SUSHI is the governance token: voting rights are distributed to holders according to the amount held. By putting their SUSHI in staking, holders can obtain xSUSHI and receive a share of the protocol’s fees; these are variable and non-guaranteed rewards.
What to consider
Like all crypto-assets in the DeFi ecosystem, SUSHI is exposed to strong volatility and specific risks linked to smart-contract security.
Past performance is not a guarantee of future results.
Sushiswap Market Data
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