SushiSwap (SUSHI)

SushiSwap is a decentralized exchange (DEX) on the Ethereum blockchain. It originated after forking from Uniswap, the leading DEX on the same blockchain.

 

SUSHI, the native token of the SushiSwap DEX, is an ERC-20 token designed on the Ethereum network and powers the platform. You can use it to gain voting rights and participate in the governance of the decentralized platform. As a SUSHI holding user of the SushiSwap DEX, you are also eligible to receive a portion of the DEX’s revenues earned from transaction fees.

 

The decentralized, community-driven platform lets you perform all major decentralized finance (DeFi) actions, including token swap, earning passive income, yield farming, lending and borrowing, and even leveraged trading. As of December 2022, SushiSwap is the 14th largest DEX on Ethereum by total value locked (TVL). 

 

SushiSwap also features an automated market maker (AMM) model like Uniswap. You can add liquidity to crypto pairs on the platform in exchange for rewards in the form of liquidity provider (LP) tokens.