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What is SushiSwap?

What is SushiSwap?



What is SushiSwap (SUSHI)?

SushiSwap (SUSHI) is an Ethereum token native to SushiSwap, a decentralized exchange on the Ethereum blockchain. Holders of SUSHI, often called SushiChefs, can participate in governance by voting on changes to the protocol.

How it works

Modeled after Uniswap, the exchange uses an automated market maker (AMM) to allow users to swap Ethereum-based cryptocurrencies. With no central authority, it relies on smart contracts and liquidity provided by users to complete transactions. Liquidity providers lock up their assets in pools, which provides the funds needed for swaps. They are then rewarded with a small cut of all trading fees on the platform. 

Asides from swapping and liquidity providing, users can also lend crypto to earn interest and borrow crypto against their collateral.

What is SUSHI price?

SUSHI’s price is constantly changing. Hence, following an accurate chart is essential to make sure your portfolio is protected. Thankfully, YouHodler aggregates numbers from the leading exchanges to provide the most accurate price and chart possible.  

Where to buy SUSHI?

The cheapest way to buy SUSHI is by depositing your stablecoins like USDC and converting them to SUSHI. You can also buy directly with your credit card, debit card or bank wire deposits.

How to earn interest on SUSHI?

Earn passive returns on your SUSHI by depositing it to your YouHodler wallet. Create an account with YouHodler, buy and deposit SUSHI, and earn up to 7% APR with compounding interest. 

How to take a loan with SUSHI?

Take a loan in stablecoins by using your SUSHI as collateral. Interest rate is ridiculously cheap and you can get up to 90% of your collateral.

How to trade SUSHI?

You can do more than just hodling. Multiply your SUSHI bag by using our Multi HODL strategy at YouHodler. 

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