Cryptocurrency Introduction - $SUSHI
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Cryptocurrency - $SUSHI
SushiSwap
SushiSwap is an automated market-making (AMM) decentralized exchange (DEX), currently on the Ethereum blockchain. The exchange promised to expand its services through the Bentobox lending platform soon.
Sushiswap is designed as the evolution in Uniswap protocol design. It is a community-run project, with the community voting to manage all major changes to the protocol. Day-to-day operations, pool and ratio rebalancing, business strategy, and overall growth are ultimately determined by the sushi chef 0xMaki. In Sushiswap, liquidity is provided to the pool and Sushi tokens are rewarded.
However, unlike Uniswap, the Sushi token will entitle investors to continue collecting some of the Sushi agreement fees even if they decide not to provide liquidity. Under the current configuration of Uniswap, 0.3% of the transaction fees in any pool will be allocated pro-rata to the liquidity providers in the pool. But in Sushiswap, 0.25% goes directly to active liquidity providers, while the remaining 0.05% will be exchanged for SUSHI and distributed to SUSHI token holders.
Since many customers had already been existing liquidity providers in the Uniswap pool, SushiSwap designed a token distribution mechanism to make it easy for them to migrate to the SushiSwap protocol.
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