Authoritative cryptocurrency navigation to safely master BTC, ETH and other mainstream digital assets.

SushiSwap

https://www.sushi.com

About SushiSwap

What is SushiSwap?

SushiSwap is a decentralized exchange ( DEX ) using AMM. This automated market maker uses smart contracts to create trading markets for different pairs of tokens. Liquidity providers fund these smart contracts, enabling frictionless trading. The exchange was one of the first to adopt this model and was initially a branch of another popular DEX (decentralized exchange), UniSwap. Later, it grew to become one of the largest exchanges of all DeFi. Now, it works on almost all EVM-compatible layer 1 blockchains and some layer 2 solutions of Ether. The exchange is targeted primarily at DeFi traders and institutions that want to conduct license-free and uncustodied transactions. The exchange eliminates liquidity issues and adopts a more egalitarian approach to governance than other exchanges. Its native tokens can be used to vote on governance issues. Its core products include Bento Box, a token vault that generates revenue for funds deposited in it, and Kashi Lending, a lending and margin trading platform where anyone can create a custom and gas-efficient token marketplace. At the time of writing, MasterChef V2 is a liquidity provisioning program containing over $1 billion. Finally, Miso offers projects the opportunity to trade on exchanges, whether through fixed-price or Dutch auction options.

Who are the founders of SushiSwap?

SushiSwap was originally founded by Chef Nomi (a pseudonym). The group later left the project and handed over its management to two other developers who went by the names sushiswap and 0xMaki. These two men developed the product and ran the business, and ownership of the exchange later passed to Sam Bankman-Fried, CEO of FTX, another centralized exchange.

When did SushiSwap launch?

SushiSwap launches in August 2020.

Where is SushiSwap located?

The exchange does not have a central headquarters, but operates in a decentralized manner.

Countries with restricted access to SushiSwap

There is currently no information on countries that have banned or restricted the exchange.

List of tokens supported by SushiSwap

Due to its presence on the Layer 1 and Layer 2 blockchains, SushiSwap supports almost all ERC-20 tokens on the market.

What are the fees for SushiSwap?

The exchange charges a 0.3% fee for token exchanges based on industry standards.

Can I trade on SushiSwap with leverage or margin?

Sushiswap offers a lending and margin trading platform, Kashi, which uses a unique segregated market framework.