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About the application:

The Sushiswap protocol realigns incentives for network participants by introducing revenue-sharing & community driven network effects to the famous AMM model. Everyone can be a chef with SUSHI SushiSwap is an automated market-making (AMM) decentralized exchange (DEX) currently on the Ethereum blockchain. We are soon expanding our offerings with the BentoBox lending platform. We are a community-run project, governed by the community vote for all major changes to the protocol. Day-to-day operations, rebalancing of pools and ratios, business tactic, and overall development is ultimately decided on by our Sushi Chef 0xMaki. While Uniswap is sharing its profits from its fees with liquidity providers, SushiSwap gives them a lot more. For every pair on the platform SushiSwap has its own reward SUSHI rate, and some of these rates climb to 100%. So the steps here are simple: -Select the pair you wish to provide liquidity for -Connect your wallet to SushiSwap -Wait and keep rewards The only trouble here is the SUSHI issuance. Some people are concerned by the fact that SUSHI printing is endless and its supply continuously increases. However, it’s not a trouble while the demand for these tokens is very high. As the Decentralized Finance (or DeFi) place evolves, an increasing number of novel financial platforms continue to emerge. We’ve seen how things like flash loans and yield farming (or liquidity mining) can be leveraged by investors to create cash with their money. Uniswap has solidified its position as one of the core DeFi protocols. In spite of its decentralized ethos and massive reliance on smart contracts, however, players don’t have much of a say when it comes to its development direction. SushiSwap, a fresh entrant to the field, promised to change that. And over $1 billion worth of value locked into the protocol – only a few days after begin – suggests that a lot of would be interested in this change. What is SushiSwap? Before we begin, it’s worth mentioning that if you don’t know what Uniswap is and how it works, you’ll have a hard time understanding SushiSwap. In short, Uniswap is a decentralized exchange protocol that works without an order ebook. Instead of an order ebook, it utilizes a model called automated market-making (AMM), where liquidity providers add funds to liquidity pools. Before you think of jumping in to provide liquidity to SushiSwap, we highly suggest that you read our Uniswap article to understand all the details. SushiSwap is a fork of Uniswap with some key differences – most notably, the SUSHI token. The token has two functions at begin: entitling holders to governance rights and a portion of the fees paid to the protocol. In a simplified method, SUSHI holders “own” the protocol.