Review on Sushiswap by Aman Arora

Name: Sushiswap
Item: Sushiswap
Rating: 4

March 31, 2021

Sushiswap grown as a Decentralized platform and best after Uniswap

Sushiswap is a decentralized trading platform and  it ks one of the advanced and immensely growing Dex Platform. Sushiswap is an AMM protocol where traders locks the liquidity in pools to earn rewards. AMM solve the issue of liquidity by locking funds and that is why  Dex platforms are the best and reliable way to trade and earn interest from performing liquidity pools. Sushi is a native token of Sushi platform ane Xsushinis used to reward traders for performing various activities on the plarform.
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I like the AMM models over trading books and traditional way of trading as decentralized way is more secure in case of hacks as users are in full control of their funds. Dex platforms like Sushi swap pays most of the fees back to its community. Sushi is a hardfork of Uniswap but with a difference of governance rights. Sushi swap also has unique feature of Sushibar where traders can stake tokens in the pools and earn xsushi in return by providing liquidity to the trading pool. Sushi swap was in the news last year when its ceo and founder intentionally withdraw 38k Eth from platform causing panic amongst traders and put a question mark on platform survival by this rug pull.
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 Liquidity providers get paid additional for their contribution and they also have governance right to vote in various upgrades and other changes. SushinSwap has also one of the lowest and competitive swapping fees of 0.30% which makes it easy to trade and add and withdraw liquidity from pools at low rates. SushiSwap has gain lot of popularity and confidence after that incident and is on its way to become top advance Decentralized and rewarding platform.
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Pros