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– CHAPTERS –
1:06 What Is SushiSwap?
1:39 The controversial story of SushiSwap
3:51 Plans | Roadmap
5:19 SushiSwap Tokenomics
📝What Is SushiSwap? 📝
SushiSwap is a popular Ethereum-based decentralized exchange (DEX) that allows users to swap tokens, earn rewards via yield farming, and more. It is an AMM, so it works mainly based on liquidity pools, which are smart contracts that allow anyone to provide liquidity for a pair of tokens, for certain rewards.
💰SUSHI Token 💰
The native token is SUSHI, with a maximum supply that was initially infinite, but following a vote, it was locked to 250 million with about 130 million in circulation at the moment.
The token’s most important use case is certainly the fact that it allows you access to platform governance. In addition, SUSHI is used as a reward for those who provide liquidity for trading pairs, but also for staking, with an APR of over 5%.
The information contained herein is for informational purposes only. Nothing here shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies, and CFDs pose a considerable risk of loss. The speaker does not guarantee any particular outcome.
#SushiSwap #SUSHI #AMM #LiquidityPools #Blockchain #Crypto #CryptoRobin