Sushiswap was created in late august 2020, offering various defi services as an automated market making (amm), allowing users to swap tokens without the need for traditional market makers Exchange | furo | docs | discord | twitter | telegram | newsletter | youtube | github It allows users to swap tokens and provide liquidity where they can stake their tokens to earn rewards.
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Sushiswap is an automated market maker (amm) that enables decentralized cryptocurrency trading through liquidity pools rather than traditional order books
There are two main types of users
Swappers and liquidity providers (lps). Sushi (sushiswap) has evolved from a simple fork into a fully featured defi hub It incorporates an aggregator for optimal trades, an amm for permissionless token swaps, and powerful staking options via its sushi and xsushi tokens. By doing so, you can access unique new tokens and diversify your crypto portfolio with assets that may not be readily available elsewhere
Streamline the process of consolidating your tokens back to ethereum from various layer 1 networks. It operates across 40+ chains, aggregating liquidity sources across all these networks through its routeprocessor 6 (rp6), ensuring users get the best swap prices across supported networks. Yield farming is a popular trend in the cryptocurrency world where users can earn rewards for providing liquidity to decentralized finance (defi) protocols Sushiswap, a decentralized exchange, is one such platform that allows users to participate in yield farming by providing liquidity and staking their tokens.
