All About SushiSwap (SUSHI)
All About SushiSwap (SUSHI)

SushiSwap is a Liquidity Provision Platform with SUSHI Tokenomics. It utilizes an automated market making system instead of a traditional order-book. Rather than matching individual buy and sell orders, users can pool together two assets that are then traded against the smart contract. The price is ultimately determined based on the ratio between the two assets.

  • SushiSwap is a Decentralized Finance (DeFi) liquidity provision platform that is a fork of Uniswap .
  • Initially, to encourage liquidity provision, liquidity providers can earn SUSHI tokens by staking Uniswap Liquidity Pool (LP) tokens in an initial set of available pools.
  • Once token swaps are enabled, 0.25% of all trading fees in any pool are proportionately distributed to active liquidity providers, while 0.05% get converted back to SUSHI (through SushiSwap) and distributed to SUSHI token holders.
  • Staking SUSHI-ETH LP tokens on the SushiSwap platform grants stakers SUSHIPOWAH, which are voting rights that allow SUSHI token holders to vote on governance proposals that may shape the SushiSwap platform.

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This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice; and (2) relied upon for any investment activities. All information is provided on an as-is basis and is subject to change without notice, we make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability or completeness of any such information. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US shall not be liable for any consequences thereof.

All About SushiSwap (SUSHI)
DexStrats 31 August, 2021
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