SushiSwap

SushiSwap – a project from the creators of the Uniswap decentralized exchange, in fact, its improved version with expanded functionality. The user can add liquidity to the pool and receive a reward in the form of SUSHI tokens. This process is similar to what happens in Uniswap, but the key difference is that SUSHI tokens allow you to continue to earn a portion of the protocol's profits, even if you no longer provide liquidity.

Contents:

• Description of the SushiSwap project
• Additional information

Description of the SushiSwap project

In order to encourage users to create liquidity on SushiSwap rather than Uniswap, an incentive scheme has been developed. As the protocol evolves and trading volumes increase, the income becomes more diluted as large investors, mining pools, venture funds, etc. join the project.

However, unlike Uniswap, early adopters are considered the most significant contributors to the protocol, so even with a withdrawal of funds, they will continue to receive rewards. However, it should be understood that this reward will also gradually wane if liquidity is not continued to be supplied. Those, who already use Uniswap and have funds there, can transfer them to any of the SushiSwap pools and start earning SUSHI tokens.

The latter provides a double reward for users to try to invest in it in the first place. In Sushi Swap, 0.25% of trading fees go to active liquidity providers directly, while the remaining 0.05% is converted to SUSHI and goes to SUSHI token holders. In comparison, in Uniswap, 0.3% of all trading fees from any pool are allocated to the current liquidity providers of that pool.

Additional information

There is a dosument on the site that describes all features of the project and the rules of work. Also, there are answers to questions. The developers maintain a blog where news are published regularly.

Subscribe to the community on these social networks:

• discord;
• twitter;
• GitHub.

The smart contract doesn't have an audit.