Monday, May 29, 2023


by Hideo Nakamura

## Sushiswap

Sushiswap is a decentralized exchange (DEX) platform built on the Ethereum blockchain. It was launched in September 2020 and is based on the Uniswap protocol, but with several additional features that make it an attractive alternative to traditional exchanges.

The main feature of Sushiswap is its automated liquidity pools, which allow users to trade tokens without having to worry about order books or other complications associated with centralized exchanges. The pools are maintained by “liquidity providers” who provide capital for trading pairs and receive a share of the transaction fees generated by trades. This makes it possible for traders to enter into and exit from positions quickly and easily, while providing liquidity providers with passive income from their investments.

In addition to the automated liquidity pools, Sushiswap also offers some unique features such as governance through a native token called SUSHI, yield farming opportunities through staking rewards paid out in ETH or another ERC-20 token called SAKE, flash loans which can be used for margin trading strategies, and more. These features combined make Sushiswap one of the most exciting DEXs currently available on the market today.

Using Sushiswap is simple: all you need is an Ethereum wallet like MetaMask or Trust Wallet where you can store your funds safely before depositing them into your account at . After that you can start trading right away! Just navigate through their user friendly dashboard interface where you’ll find plenty of information regarding supported tokens/assets/trading pairs along with instructions on how to use each feature provided by this cutting edge DEX platform!

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