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SushiSwap is a software running on Ethereum that seeks to incentivize a network of users to operate a platform where users can buy and sell crypto assets.. Similar to platforms like Uniswap and Balancer, SushiSwap uses a collection of liquidity pools to achieve this goal.Users first lock up assets into smart contracts, and traders then buy and sell cryptocurrencies from those pools, swapping ...
SushiSwap is a decentralized, community-run ecosystem built on top of Ethereum and other blockchains. The core products include an automated market-making (AMM), decentralized exchange (DEX), Decentralized Money Market (DMM), Yield Instruments, and Staking Derivatives.
SushiSwap is a hard fork of Uniswap, with added community-focused features while keeping its parent’s root design. Unfortunately, instead of curving its own path, the protocol is out to milk its parent’s liquidity.
SushiSwap was founded by the pseudonymous entity known only as Chef Nomi. Little is known about Chef Nomi, or his or her impetus for forking off from Uniswap. The project has two other pseudonymous co-founders, sushiswap and 0xMaki, also known as just Maki. Between them, they handle SushiSwap’s code, product development and business operations.
SushiSwap is a platform that allows anyone to provide liquidity. In return, the person gets rewarded with token(s) and SUSHI tokens. As of September 4, 2020, there are 1 billion dollars of locked liquidity. Possibility of very high APY (up to 1,000%) on some liquidity pools.
SushiSwap is a decentralized exchange that was forked from Uniswap in August, 2020. The way the platform works is very simple. There are pools of pairs of assets where people can buy or sell cryptocurrency, and provide or remove liquidity.