Sushi (SUSHI)
6.65%
$ 0.329494
$ 0.021911
⇣ 0.329494
15 Jan
⇡ 0.349348
What is SushiSwap (SUSHI)?
SushiSwap is a version of the decentralized exchange Uniswap, with a few new features added. It was created by forking Uniswap. While UNI tokens are used in Uniswap, SushiSwap uses the Sushi Token. The founders of SushiSwap also describe this new protocol as an advanced version of Uniswap. It was founded in 2020 by the anonymous Chef Nomi and 0xMaki.
The differences between SushiSwap and Uniswap are as follows:
1. In UniSwap, liquidity providers earn a share of the transaction fees in the pool when they actively provide liquidity. With SushiSwap, after providing a certain amount of liquidity, you can continue to earn Sushi Tokens indefinitely.
2. UniSwap users cannot access passive income from the pool when they withdraw their stake. However, in SushiSwap, even if you decide to withdraw liquidity, you continue to earn a portion of the protocol fees accumulated under Sushi.
3. The most notable difference is the situation where the revenue obtained by the first stakeholders decreases as interest in the Uniswap protocol increases. This situation is triggered especially when the number of stakeholders making significant investments increases. In SushiSwap, early participants are prioritized.
2. UniSwap users cannot access passive income from the pool when they withdraw their stake. However, in SushiSwap, even if you decide to withdraw liquidity, you continue to earn a portion of the protocol fees accumulated under Sushi.
3. The most notable difference is the situation where the revenue obtained by the first stakeholders decreases as interest in the Uniswap protocol increases. This situation is triggered especially when the number of stakeholders making significant investments increases. In SushiSwap, early participants are prioritized.
General features of SushiSwap are as follows:
This decentralized protocol is described as advanced and community-friendly. Unlike traditional exchanges, it is a DEX where users can be liquidity providers, and every user acts as a market maker.
SushiSwap uses an automated market-making (AMM) mechanism. Accordingly, SushiSwap users can create and manage token liquidity pools for swapping crypto assets using smart contracts.
The widely used SushiSwap platform does not apply 'know your customer procedures,' allowing everyone to easily trade and contribute to the liquidity pool. The platform also does not use a confirmation mechanism for transactions, allowing a large number of users to trade more quickly and conveniently. When contributing to the liquidity pool on the platform, you earn Sushi Tokens in return. This makes it possible to earn rewards while investing. According to statements, about ¼ of the Sushi Token is transferred to users. Users have the right to later convert this token into Ethereum.
SushiSwap uses an automated market-making (AMM) mechanism. Accordingly, SushiSwap users can create and manage token liquidity pools for swapping crypto assets using smart contracts.
The widely used SushiSwap platform does not apply 'know your customer procedures,' allowing everyone to easily trade and contribute to the liquidity pool. The platform also does not use a confirmation mechanism for transactions, allowing a large number of users to trade more quickly and conveniently. When contributing to the liquidity pool on the platform, you earn Sushi Tokens in return. This makes it possible to earn rewards while investing. According to statements, about ¼ of the Sushi Token is transferred to users. Users have the right to later convert this token into Ethereum.
Features of Sushi Token
The Sushi Token, which is very easy to use, can be connected to the Ethereum wallet on the homepage, allowing for immediate transactions. The ease of the starting process allows users to transfer their coins to the liquidity pool easily. It is important to carefully select the pool to be used because the annual yield of each pool varies.
The Sushi Token, which rewards for liquidity mining, returns a portion of the fees paid by investors for the protocol and allows users to participate in platform management. Here, token holders have the right to submit improvement proposals.
The Sushi Token, which rewards for liquidity mining, returns a portion of the fees paid by investors for the protocol and allows users to participate in platform management. Here, token holders have the right to submit improvement proposals.
How is SushiSwap Mining Done?
SushiSwap is not a cryptocurrency that can be mined. All Sushi Token balances are supplied at certain intervals.
With your SushiSwap balance, you can have a say in the SushiSwap system. SushiSwap will supply a total of 250 million Sushi Tokens. Currently, almost 169 million of these have been supplied.
With your SushiSwap balance, you can have a say in the SushiSwap system. SushiSwap will supply a total of 250 million Sushi Tokens. Currently, almost 169 million of these have been supplied.
Is There a Difference Between Sushi Token and UNI Token?
The most important difference between Sushi Token and UNI Token originates from the tokenomics. The main purpose of Chef Nomi, the creator of SushiSwap, forking Uniswap was to introduce the SUSHI token as an additional reward for liquidity providers. Therefore, everything works exactly as in Uniswap in SushiSwap, but there are still some differences.
SushiSwap rewards liquidity providers with 0.25% of the pool fees + 0.05% paid to SUSHI token holders. While Uniswap has closed its UNI token harvest period, SUSHI harvesting (yield farming) is alive and well. Some pools offer rewards with an annual percentage yield (APY) of up to 80%.
SushiSwap and Uniswap offer very different user interface experiences. SushiSwap uses a page design reminiscent of a Japanese restaurant menu, with options like “Onsen Menu” and “Omakase,” instead of Uniswap's extremely modern application page.
SushiSwap rewards liquidity providers with 0.25% of the pool fees + 0.05% paid to SUSHI token holders. While Uniswap has closed its UNI token harvest period, SUSHI harvesting (yield farming) is alive and well. Some pools offer rewards with an annual percentage yield (APY) of up to 80%.
SushiSwap and Uniswap offer very different user interface experiences. SushiSwap uses a page design reminiscent of a Japanese restaurant menu, with options like “Onsen Menu” and “Omakase,” instead of Uniswap's extremely modern application page.
How to Buy Sushi Token (SUSHI)?
For those interested in cryptocurrency investment, how to buy and sell Sushi Token (SUSHI) is frequently asked. This can be done either by mining or by using a specially created cryptocurrency exchange.
In Turkey, contrary to what is thought, buying Sushi Token (SUSHI) with Turkish Lira is a very easy and fast process. You can buy Sushi Token (SUSHI) without needing any technical knowledge or official documents.
In Turkey, contrary to what is thought, buying Sushi Token (SUSHI) with Turkish Lira is a very easy and fast process. You can buy Sushi Token (SUSHI) without needing any technical knowledge or official documents.
Sushi (SUSHI)
6.65%
$ 0.329494
$ 0.021911
⇣ 0.329494
15 Jan
⇡ 0.349348
