News

New DeFi Protocol SushiSwap Launches

New DeFi Protocol SushiSwap Launches

On August 26, a new DeFi protocol called SushiSwap launched. The protocol is a hard fork of Uniswap and aims to improve upon the latter’s core design by adding community-oriented features. 

  • SushiSwap has been described by the team as evolution of Uniswap i.e. “Uniswap with Sushi tokenomics”
  • Notable features of the protocol include a revamped reward distribution method, liquidity migration and more attractive liquidity provision incentives
  • Users will continue to earn rewards in form of native governance token $SUSHI for liquidity provision, even after they have removed their funds from a pool 
  • Some initial pools include DAI-ETH, COMP-ETH, LEND-ETH, LINK-ETH, BAND-ETH, AMPL-ETH and YFI-ETH
  • Sushi is the latest in protocols named after food, following YAM and Pasta

How do you rate this article?

26



News
News

Official Publish0x Crypto News Channel

Publish0x Publish0x

Reward the author with $0.01 in crypto, and earn yourself as you read!

20% to author / 80% to me.
Rewards are FREE. Publish0x pays them, not you.

Page not displaying correctly?