$8.21
1H
0.49%$0.0400
24H
-11.5%$1.06
7D
23.2%$1.55
30D
21.2%$1.43
SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.
SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.
SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.
HaloDAO will hold its anticipated Initial DEX Offering (IDO) on June 24, launching on SushiSwap’s recently deployed MISO Launchpad at 12 PM UTC.
Impulseven provides a versatile Yield Farming platform that pays out competitive annual percentage yields in VEN tokens.
The Uniswap Version 3 will introduce major changes in terms of giving better control to LPs over their money as well as setting up a dynamic fee structure for different pools.
Coinbase Pro is one of the leading trading platforms in the United States and its support of Polygon, Skale, and SushiSwap makes a credible case for the growing strides of DeFi in the crypto sphere.
For FNX holders, it is key to note that the circulating supply question has been answered by a community-selected token burn. For liquidity providers, everything will be moving to the SushiSwap platform in order to maximize liquidity in fewer pools.
