← All Projects
Sushi

Sushi

Be a DeFi Chef with Sushi
Moonbeam
Moonbeam
Moonriver
Moonriver
Description
SushiSwap, An evolution of Uniswap with SUSHI tokenomics. Operate by Chef Nomi, Master of Omakase. SushiSwap is a fork of Uniswap with a native governance token ($SUSHI) and a change in the reward distribution mechanism. With Uniswap, LPs earn 0.3% of trading fees whereas on Sushiswap, LPs will earn 0.25% fees, with the remaining 0.05% being distributed to SUSHI holders. The objective is to incentivize early liquidity providers with added incentive for bootstrapping the pools. In Uniswap, LPs earn fees so long as liquidity is provided. Sushiswap aims to add a more passive form of income with early LPs benefitting from the future traction of the protocol through SUSHI and the 0.05% fee. In typical DeFi degen style, SushiSwap founder Chef Nomi made a call to arms for auditors to conduct a smart contract audit after the protocol reached $150M in TVL within the first 5 hours of launch. Quantstamp has since taken responsibility to audit the contracts alongside a 48 hour time lock on the governance contract to prevent any malicious activity from the founder. A rewards distribution of 10% has been set aside for the team for audits & operational expenses, an allocation which can reportedly be adjusted through governance.
More can be found:
Price Statistics
Price
-
24h Low / 24h High
- / -
Market Cap Rank
-
Market Cap
-
Trading Volume
-
Price ATH / ATL
- / -
Data Source: CoinGecko
Tweets by Sushi

DISCLAIMER The information presented herein has been provided by third parties and is made available solely for general information purposes. DTMB does not warrant the accuracy of this information. The information should not be construed as professional or financial advice of any kind.