SushiSwap
SushiSwap is a decentralized cryptocurrency exchange (DEX) that operates on blockchain technology.
History
It emerged in 2020 as a fork of the Uniswap decentralized exchange protocol, with a community-driven approach. SushiSwap allows users to trade various cryptocurrencies directly from their wallets without relying on intermediaries. The platform is notable for its use of automated market-making (AMM) mechanisms, which enable users to provide liquidity to trading pairs and earn rewards. Additionally, SushiSwap introduced the concept of 'yield farming,' where users can earn tokens by providing liquidity to specific pools. As a decentralized application (DApp), SushiSwap seeks to offer users more control over their trading and investment activities.