SushiSwap (SUSHI) is a decentralized exchange (DEX) that allows the trading of tokens on the Ethereum blockchain.
Its native token, SUSHI, is used for various functions within the ecosystem, including participation in governance and earning rewards for providing liquidity.
Main features:
Liquidity provision: Users can contribute liquidity to SushiSwap pools and receive rewards in SUSHI for their contributions.
Decentralized governance: SUSHI holders have the right to participate in key decisions regarding the development and future direction of the platform.
SUSHI staking: By locking SUSHI in the SushiBar, users can receive xSUSHI, which represents their stake and grants them governance rights.
Utilities:
SUSHI token: It is used for platform governance and can be staked on SushiSwap to receive additional rewards.
Liquidity rewards: Users who provide liquidity to SushiSwap pools receive a share of the commissions generated by the exchange.
Participation in governance: SUSHI holders can vote on proposals to improve the platform and its features.
White paper:
SushiSwap has an official white paper that details its architecture, incentive mechanisms, and governance strategies on its official website.
Annual price evolution of Sushi (SUSHI):
This is a list of the approximate price of SUSHI at the end of each year since its launch:
2020: $0.60
2021: $6.00
2022: $4.00
2023: $1.50
2024: $1.54 (as of December 15)
* SushiSwap has undergone several changes to its economic model to enhance sustainability and community participation *
$SUSHI
