Review on Sushiswap by jesus ruiz
SushiSwap, a very good exchange platform
SushiSwap is a decentralized (DEX) automated market making (AMM) platform that works with algorithmic equations to dynamically calculate swap rates based on token supply, demand and liquidity on the platform.
SushiSwap runs on Ethereum and its main goal is to incentivize a network of users operating a platform where they can buy and sell crypto assets. SushiSwap allows users to exchange cryptocurrencies without the need for a central trader administrator.
The deposit method of SushiSwap pools is directly related to a wallet connected to the platform, this Wallet can be Metamask. When the deposit is made, the earnings in SUSHI will be displayed along with any other earnings depending on the pool.
Staking can also be done with the "Sushi Bar", but the tokens must first be converted to xSushi.
It has very low swap fees, 0.3% but 0.05% of this fee is added to the SushiBar,
I personally prefer SushiSwap because of its ability to provide access to newer, less liquid cryptocurrencies that are not available on other exchanges.
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Pros
- SushiSwap allow people like you and me to provide assets and general liquidity using liquidity funds.
- Rewarding liquidity providers, is a nice incentive, for SUSHI token holders.
- SushiSwap masquerades as a menu at a Japanese restaurant, with options such as Onsen Menu and Omakase.
Cons
- none at this time
