1. SushiSwap (SUSHI):
- It is a decentralized exchange (DEX) that allows users to trade cryptocurrencies without centralized intermediaries.
- The native token is SUSHI, which is used for governance and rewards.
2. How SushiSwap Works:
- Liquidity Provision: Users deposit cryptocurrency pairs into liquidity pools and receive LP tokens.
- Token Swap: Users can trade cryptocurrencies using liquidity pools.
- Liquidity Rewards: Liquidity providers earn a portion of transaction fees and can stake their LP tokens to earn more SUSHI.
- Governance: SUSHI holders can vote on proposals that affect the platform.
- Staking: Users can stake SUSHI at the “SushiBar” to earn more SUSHI.
3. Liquidity Provision:
- Connect your wallet to SushiSwap.
- Select the tokens and the amount you want to add to the liquidity pool.
- Confirm the transaction to receive your LP tokens.
4. Liquidity Withdrawal:
- Connect your wallet to SushiSwap.
- Select the token pair you want to withdraw liquidity from.
- Confirm the transaction to receive your tokens back.
