Sushi Swap Crypto Platform

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.

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Pros

$267,441,366 USD currently invested (TVL)

Investments in 396 coin pairs available

Supports 4 protocols including Arbitrum, Ethereum and Avalanche C-Chain

Cons

Investments in liquidity pools can be higher risk

Liquidity pool investments are only suitable for advanced crypto users

Sushi Swap Staking Yields

Sushi Swap Reviews

Sushi Swap Supported Currencies

Sushi Swap supports over 500 currencies including Tether USDt, Shiba Inu, Avalanche and Chainlink.

Sushi Swap Key Data

Company

Automatic market maker	Yes
Year founded	2020
Decentralised	Yes
Open source	Yes
Non-custodial	Yes

Products

Crypto to crypto exchange	Yes
Crypto withdrawals to private wallet	Yes

Useful Links

Sushi Swap Contact Details