Sushiswap is a fully decentralized on-chain protocol for exchanging tokens through a process of automated market-making (AMM) which uses 'liquidity pools' rather than an orderbook. This innovative system lets anyone make a liquidity pool for their own token by providing ETH and an ERC20 of their choice, and ensures automatic price discovery. Sushi is expanding its offerings with the BentoBox lending platform.
SushiSwap is community-run through voting on project governance issues, and fees collected by SushiSwap are shared between the $SUSHI token holders and liquidity providers (LPs).
How to use Sushiswap?
The SushiSwap app is the best place to get an overview of the farming and staking rewards, while the exchange is the best place for users to swap tokens, manage liquidity pools and create new markets.