Review on Sushiswap by Adedayo Adeniji
SUSHISWAP
Sushiswap is the year 2020 founded, uniswap protocol design evolution and automated market making decentralized cryptocurrency exchange which is built on ethereum cryptocurrency ledger and where different tokens can be swapped.
It provides incentives to you as a liquidity provider not only in terms of trading fees but also Sushi tokens and you can further earn protocols' fee on the tokens without an additional provision of liquidity.
Also as a liquidity provider with the uniswap LP tokens, you stake them to earn sushi tokens and you can earn rewards from this as a staker with sushi tokens distribution.
The total 0.3% transaction value is broken into 0.25% as trading fee for the liquidity provider and 0.05% for the token holders to earn . It offers zero deposit fee.
Sushiswap has a good quality security measures in place for the safety of its users and regularly tested smart contracts for any weakness with a good liquidity migration.
Sushiswap supports about 100+ tokens that can be swapped. It is a good project with good reward system for its users, I enjoin you to take advantage of it.
Pros
- It is easy to make use of
- It has quality security measures in place
- It supports quite a good sum of token for swapping
- It guarantees rewards
Cons
- It is a new project and needs publicity to gain more space in the market.
