SUSHI
Sushi
$0.1778
12.91%
Sushi
SUSHI
$0.1778
12.91%
Sushi Price Converter
Sushi Information
Sushi Markets
About Sushi
SushiSwap is a community-driven DeFi platform offering a DEX, yield farming, liquidity provision, and staking options on the Ethereum blockchain. Created in 2020 by Chef Nomi, Sam Bankman-Fried, and 0xMaki, it operates with decentralized governance, empowering $SUSHI token holders. The $SUSHI token incentivizes liquidity providers and enables participation in governance decisions. Users can swap tokens by connecting their wallets, with a 0.30% fee per trade, split between liquidity providers and $SUSHI stakers.
SushiSwap is a community-driven decentralized finance (DeFi) platform focused on providing a variety of services, including a decentralized exchange (DEX), yield farming opportunities, liquidity provision, and staking options. Built on the Ethereum blockchain, SushiSwap aims to create a range of network effects for connecting decentralized markets and instruments.
SushiSwap was created in 2020 by Chef Nomi, who later transferred control to Sam Bankman-Fried, the CEO of FTX Exchange. 0xMaki, another prominent figure in the project, has been involved since the early days. SushiSwap operates with decentralized governance, allowing $SUSHI token holders to have a say in the platform's development.
The $SUSHI token is the native utility and governance token of the SushiSwap platform. It is used to incentivize liquidity providers, as well as enable token holders to participate in governance decisions. $SUSHI tokens are earned by providing liquidity to the platform or through staking. A portion of the trading fees generated on SushiSwap is used to buy back and distribute $SUSHI to stakers, providing an additional incentive for holding the token.
To use SushiSwap, users have to connect their wallet to the platform, select the token they wish to swap from, and select the token they wish to swap to. The new tokens automatically appear in their wallet when the transaction is complete. SushiSwap charges a 0.30% fee per trade, with 0.25% going to liquidity providers and 0.05% converted to $SUSHI and distributed to SUSHI stakers. Users may also encounter Ethereum gas fees, which are paid to Ethereum miners and not to SushiSwap.
