372
edits
Difference between revisions of "SushiSwap"
m
no edit summary
m |
m |
||
| Line 1: | Line 1: | ||
SushiSwap is an automated market-making (AMM) decentralized exchange (DEX) | SushiSwap is an automated market-making (AMM) decentralized exchange (DEX) that took Uniswap's core design but added [[Vampire|vampire mining]] and holder-incentive features to gain traction. The Medium launch post describes the vampire mining feature<ref>https://medium.com/sushiswap-org/the-sushiswap-project-8716c429cee1</ref>:<blockquote>We are aware that many of us are existing liquidity providers in Uniswap pools. With that, we have designed the token distribution mechanics to make it as easy as possible for the existing Uniswap liquidity providers to start migrating to our protocol! | ||
To start providing liquidity and earning SUSHI tokens, anyone holding Uniswap LP tokens can stake those LP tokens into the corresponding initial list of pools. Once done, they will start earning tokens once rewards starts on block 10750000. The list of eligible LP tokens can be added per on-chain governance. So it’s every one of us who decides. | |||
At every block, 100 SUSHI tokens will be created. These tokens will be equally distributed to the stakers of each of the supported pools.</blockquote>As of April 26th, 2022, Sushi has $3.28b [[total value locked]] (TVL) and is one of the most widely-used DEXes.<ref>https://defillama.com/protocol/sushiswap</ref> | |||
== History == | |||
== SushiSwap == | == SushiSwap == | ||
Sushi is a community-driven organization built to solve | Sushi is a community-driven organization built to solve the “liquidity problem.” One could define this problem as the inability of disparate forms of liquidity to connect with markets in a decentralized way, and vice versa. | ||
=== Kashi | === Kashi === | ||
Kashi is a lending and margin trading platform, built on the BentoBox | Kashi is a lending and margin trading platform, built on the BentoBox. | ||
* Isolated lending pairs. Anyone can create a pair, it’s up to users which pairs they find safe enough. Risk is isolated to just that pair. | * Isolated lending pairs. Anyone can create a pair, it’s up to users which pairs they find safe enough. Risk is isolated to just that pair. | ||
| Line 33: | Line 39: | ||
== | == References: == | ||
https://dev.sushi.com/bentobox-1/overview | https://dev.sushi.com/bentobox-1/overview | ||