What is SushiSwap (SUSHI)?
Mar 1 2021 · 18:37 UTC by Daria Rud · 5 min read Photo: Unsplash
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The guide deals with a novel liquidity pool platform SushiSwap, which is an Ethereum-based decentralized exchange (DEX) with an Automated Market Making system (AMM).
As the Decentralized Finance (or DeFi) space evolves, more and more novel financial platforms continue to emerge. One of the DeFi liquidity pool platforms worth talking about is SushiSwap (SUSHI).
What is SushiSwap?
Sushiswap is a relatively new DeFi protocol. In essence, SushiSwap is an Ethereum-based decentralized exchange (DEX) with an Automated Market Making system (AMM). Just like regular market makers add liquidity to both sellers and buyers, an AMM adds liquidity from several digital assets in smart contracts called liquidity pools.