SushiSwap is a fully decentralized cryptocurrency exchange that allows users to swap ERC-20 tokens, provide liquidity, and earn yield—all without relying on a centralized intermediary. Launched in 2020, it operates as a fork of Uniswap with added community governance and reward mechanisms.
SushiSwap uses automated market maker (AMM) smart contracts to allow token exchanges without traditional order books. Liquidity providers deposit token pairs into pools, and users trade against those pools. In return, providers earn a share of the trading fees, plus $SUSHI rewards.
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