SUSHI token is the governance and incentive token of the SushiSwap ecosystem. Token holders have the right to vote on platform decisions and receive a share of protocol revenues. It is also used to reward liquidity providers and incentivize platform usage.
How does SushiSwap work?
SushiSwap is based on liquidity pools. Users become liquidity providers by providing token pairs to these pools. The exchange rate between tokens is automatically determined by the amount of tokens in the pool. The platform uses a fixed-product market maker model based on the formula x * y = k.
How is SushiSwap different from Uniswap?
SushiSwap is based on Uniswap’s code, but there are some buy bulk sms service key differences. Most notably, SushiSwap distributes a portion of its platform revenues to SUSHI token holders.
How to trade on SushiSwap?
To trade on SushiSwap, you first need an Ethereum wallet (e.g. MetaMask). After connecting your wallet to the SushiSwap website, you can perform swaps by selecting the desired token pair or become a liquidity provider by adding tokens to liquidity pools.
The investment information
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