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Home Platforms Sushi Swap
Sushi Swap reviews
Review Score
77%
7 Reviews
Decentralised

Average rating of 77% based on 7 reviews.

Decentralised exchange.

Go to Sushi Swap earnings calculator

Average rating of 77% based on 7 reviews.

Decentralised exchange.

Go to Sushi Swap earnings calculator

Sushi Swap Review, Pros & Cons and Features

Pros

tick $409,365,632 USD currently invested (TVL)
tick Investments in 444 coin pairs available
tick Supports 4 protocols including Arbitrum, Ethereum and Polygon

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Sushi Swap Reviews

SushiSwap is one of the pioneering decentralized protocols that has been forked from Uniswap. A group of crypto enthusiasts founded Uniswap, and they made it open-source for public benefit. Another group of pseudonymous crypto lovers used that open-source code to create a protocol to swap Ethereum-based tokens in 2020. Sushiswap is a cryptocurrency exchange which uses the Automated market maker (AMM) model. Sushi’s AMM model requires users to pool two assets to be traded. The distinguishing difference between Uniswap and Sushiswap is Sushi tokens and their function.
 
The creation of SushiSwap was very chaotic because of one of the founders who used Chef Nomi as a pseudonymous name. Chef Nomi claimed ownership of Uni tokens and drained the pools. Chef Nomi had to transfer the private keys to Sam Bankman Fried, the FTX Founder and owner. Chef Nomi returned the assets to the platform later. You can read about what happened in those early days on The Sushi Chronicles. The Sushi community decided to set rules for a more sustainable organization after a chaotic start. The governance got shaped with the multi-sig solution.
 
SushiSwap was initially created on the Ethereum blockchain network but later on, became available on almost all other major EVM-compatible layer-1 blockchain and layer-2 solution networks. Sushiswap has shown great growth in a short time and has become a major player in the market. Sushiswap also stands out with a large variety of tokens and supports almost all ERC-20 tokens. SushiSwap is completely permissionless and non-custodial. SushiSwap is a great place for new crypto projects to create a market for their tokens. SushiSwap has fair ground for a token launch.
 
SushiSwap uses the AMM model for its swaps and trades, that it means the protocol doesn’t use an order book to match orders from buyers and sellers. AMM model works on a smart contract and creates a market for trading pairs by using liquidity pools. Kashi lending is SushiSwap’s lending and margin trading platform. Anyone can create a trading crypto pair on the platform.
 
Sushi is the governance token on the platform. Sushi token holders and liquidity providers can benefit from the platform’s revenue. Sushi token holders can vote on governing proposals. The maximum supply of Sushi tokens is 250 Million, and supply depends on the block creation.

How Much Can You Earn on Sushi Swap?

Sushi Swap Supported Currencies

Sushi Swap supports over 300 currencies including Ethereum, Tether, USD Coin and Polygon.

ALooking at reviews from across the web, Sushi Swap has an average review score of 77% based on 7 reviews.

Sushi Swap Key Data

Company
Automatic market maker tick Yes
Decentralised tick Yes
Non-custodial tick Yes
Products
Crypto to crypto exchange tick Yes
Crypto withdrawals to private wallet tick Yes

Sushi Swap Contact Details

https://sushi.com/

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