SushiSwap

DeFi blue-chip, Sushi aka SushiSwap, is renowned for its fervent dedication to technological creativity, expansion and community commerce, helping create multiple passive-income revenue streams for cryptocurrency assets using Sushi.com's secure and powerful DeFi tools!

Sushi is a community-driven platform that is building a comprehensive DeFi ecosystem intertwining its cryptocurrency exchange, leverage & margin trading platform, new token launchpad and NFT artist platform. All your cryptocurrency needs in one place - helping you take full advantage of this new digital financial world.

Your $SUSHI tokens can be used to vote for platform expansion suggestions posted by our community members. Become a member of one of the most passionate communities in crypto and have your say in shaping this decentralized financial powerhouse.

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 out one token for another.

One of a growing number of decentralized finance (DeFi) platforms, SushiSwap allows users to trade cryptocurrencies without the need for a central operator administrator.

This means that decisions relating to the SushiSwap software are made by holders of its native cryptocurrency, SUSHI. Anyone holding a balance of the asset can propose changes to how it operates, and can vote on submitted proposals by other users.

SushiSwap’s core function is to mirror a traditional exchange by facilitating the buying and selling of different crypto assets between users.

Rather than being supported by one central entity, tokens traded on SushiSwap are maintained by smart contracts, and users lock crypto on the software that can then be accessed by traders.

Of note, those who trade against locked assets pay a fee that is then distributed to all liquidity providers proportionally, based on their contribution to the pool.

Liquidity providers contribute to SushiSwap pools by connecting their Ethereum wallet to the SushiSwap farming software and locking two assets into a smart contract. For example, SushiSwap’s USDT/ETH liquidity pool consists of equal values of USDT and ETH deposits.

Buyers can then swap tokens within the pool based on the protocol’s rules. Smart contracts running SushiSwap take the amount of tokens from the buyer and send an equivalent amount of tokens back, keeping the total pool price constant.

In exchange for maintaining liquidity in these pools, providers are then rewarded with protocol fees, along with a portion of the 100 newly minted SUSHI daily.

Providers can reclaim their funds whenever they wish, along with their “harvest”, which is the cryptocurrency earned from farming.

Users wishing to earn more cryptocurrency after harvesting their SUSHI can make use of the SushiBar, an application that allows them to stake their SUSHI to earn the xSUSHI token, which is composed of SUSHI tokens bought on the open market with a portion of all the fees generated on the exchange.

SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges that use smart contracts to create markets for any given pair of tokens.

SushiSwap was launched in September 2020 as a fork of Uniswap, AMM, which has become synonymous with the decentralized finance (DeFi) movement and the associated DeFi token trading boom.

SushiSwap aims to diversify the AMM market as well as add additional features not previously featured in Uniswap, such as higher rewards for network members with the native SUSHI token.

SushiSwap's current price today is $4.85 with a 24-hour trading volume of $161,346,293. We update our SUSHI price in USD in real time. SushiSwap is down 16% in the last 24 hours. The current CoinMarketCap ranking is 116th with a real market capitalization of $616,755,237. There are 127,244,443 SUSHI coins in circulation and max. supply of 250,000,000 SUSHI coins.

Buying SushiSwap is currently possible on the leading cryptocurrency exchanges for trading SushiSwap shares are Binance, OKX, CoinFLEX, Bitget and CoinTiger. You can find other crypto exchanges listed on our page.

SushiSwap was founded by an alias known only as Chef Nomi. Little is known about Chef Nomi or his or her motivation for splitting from Uniswap.

The project has two other pseudonymous co-founders, sushiswap and 0xMaki, also known simply as Maki. Together they run the SushiSwap code, product development, and business operations.

More recently, actual ownership of SushiSwap has been transferred to Sam Bankman-Fried, CEO of derivatives exchange FTX and quantitative trading startup Alameda Research.

Bankman-Fried is a well-known participant and columnist of the cryptocurrency market, regularly appearing in media interviews.

SushiSwap basically exists as an AMM, which establishes automatic trading liquidity between any two cryptocurrency assets.

Its primary audience is DeFi traders and related organizations looking to capitalize on the project token boom and create liquidity.

The platform receives a fee of 0.3% from transactions occurring in its liquidity pools, while its SUSHI token is used to reward users for a portion of these fees. SUSHI also provides users with management rights.

The SushiSwap SUSHI internal token is created at the rate of 100 tokens per block. The reward for the first 100,000 blocks was 1000 SUSHI.

The offer of SUSHI will depend on the speed of the block. Approximately 6,500 tokens per day, and therefore 650,000 new tokens per day, by September 2021, a year after the first launch of SushiSwap, there will be approximately 326 million tokens in circulation.

SushiSwap is trying to mitigate the traditional risks of depositing funds into smart contracts by empowering its users to manage.

The anonymity of its developers raises questions not only from a technical point of view. For example, in September 2020, Chef Nomi was involved in an altercation with users after withdrawing 38,000 in Ethereum (ETH) from SushiSwap. The funds were subsequently returned, with Chef Nomi publicly apologizing for this and calling the move a mistake.