What is SushiSwap (SUSHI)? | SushiSwap Crypto Explained in Under 60 Seconds
SushiSwap is an automated market making (AMM) decentralized exchange which uses smart contracts to create markets for any given pair of tokens. The exchange is powered by its native Ethereum ERC20 token SUSHI.
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Using a connection of liquidity pools and smart contracts, users can buy & sell crypto assets by swapping one token for another. Anyone can provide liquidity to SushiSwap in exchange for SLP tokens (SushiSwap Liquidity Provider tokens).
SushiSwap also provides multiple yield farming opportunities where users can stake SUSHI in exchange for xSUSHI appreciating in value from dividends. xSUSHI are tokens received in exchange for staking SUSHI tokens in the Sushibar. The token will appreciate it value over time.
WEBSITE: https://docs.sushiswap.fi/
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