Sushi Swap
Sushi Swap

Sushi Swap

Sushi Swap is a decentralized exchange (DEX) where you can swap your crypto. (example from ETH to DAI)

Quality Check:

โœ… Audited

โœ… Active community

โœ… Active team

โœ… Billions $$ of liquidity

โœ… Decentralized, DAO.

Community Links:

๐Ÿ‘‰ Sushi website

๐Ÿ‘‰ Sushi twitter

๐Ÿ‘‰ Sushi token

๐Ÿ‘‰ Sushi founder

๐Ÿ‘‰ Sushi docs


Why Use Sushi Swap? ๐Ÿค”

  • Swap between any crypto assets, with a fixed fee, no matter the amount $$.
  • Anyone can provide liquidity to pools, which makes Uniswap possible, and decentralized.
  • Liquidity providers make a % every time someone swaps crypto assets using their pool.
  • Stake SUSHI tokens to earn a revenue share from swap fees on the platform! ๐Ÿ”ฅ
  • Lend and borrow assets in SushiSwap's new Lending module: Kashi! ๐Ÿ”ฅ

Why Decentralized Exchanges? ๐Ÿค”

  • Coinbase is a company. Coinbase needs to make money. They charge % of sales / buys.
  • Sushi Swap is owned by the people.
  • Selling $30k worth of ETH on Coinbase will cost you $500.
  • Selling $30k of ETH for USDC on Sushi Swap costs $10-$50 (depending on gas)
  • Swap any amount for only the price of the gas fee + small swap fee that goes to providers.

How Does It Work?

  • Every pair (ex : ETH / USDC) has a community pool.
  • Anybody can provide ETH & USDC into the ETH/USDC pool.
  • This gives liquidity to the people and allows swaps between the pair.
  • Those that provide liquidity to any pool, get rewarded swap fees every swap.

What Is The UNI Token Used For?

  • Voting power in the Sushi Swap DAO.
  • Voting power controls the DAO's treasury as well, which is well over $700 million
  • SUSHI tokens can be staked, and stakers receive a revenue share of all swap fees on the platform, whether it's on Ethereum's Sushi Swap or Polygon's Sushi Swap.
  • After staking $SUSHI, you get $xSUSHI tokens in return that represent your staked ones.
  • You can use $xSUSHI as collateral on AAVE, to borrow against!

Revenue Share For Token Holders:

$SUSHI stakers receive revenue share from all swaps on the platform!
  1. Buy SUSHI tokens.
  2. Stake them in the Sushi Bar
  3. Get xSUSHI tokens in return.
  4. Your xSUSHI becomes more valuable
  5. Longer you wait, the more SUSHI you can claim for the same amount of xSUSHI you originally were given.
  6. Whenever you'd like (1 year? 10?), unstake your SUSHI and reap the rewards.

Put Your staked SUSHI tokens (xSUSHI) to work! โ€” AAVE Collateral
  1. Go to AAVE V2 Markets
  2. Scroll down and find the xSUSHI pool
  3. Approve + Deposit your xSUSHI
  4. Now your staked tokens can be used as collateral + you still accrue SUSHI rewards!

What Are The Risks Of Using Sushi Swap?

  • Bugs, exploits are always possible.
  • As a swapper, not many risks at all. (except for slippage)
  • As a liquidity provider, impermanent loss is always at play.