What is SushiSwap?
SushiSwap is a decentralized exchange (DEX) and DeFi platform that originated as a fork of Uniswap in August 2020. It became famous for its 'vampire attack' that migrated over $1 billion in liquidity from Uniswap.
Beyond its AMM DEX, SushiSwap offers lending (Kashi), launchpad (MISO), and cross-chain AMM functionality. The protocol operates across multiple chains including Ethereum, Arbitrum, Polygon, and others.
SUSHI is the governance and utility token. xSUSHI holders (staked SUSHI) earn a portion of trading fees generated across all SushiSwap pools. Governance proposals shape the protocol's direction and fee distribution.
SUSHI Tokenomics
SUSHI has a maximum supply of 250 million tokens. 0.25% of every trade goes to liquidity providers and 0.05% goes to xSUSHI stakers. This creates direct revenue sharing from protocol usage.
SUSHI Historical Price Performance
SushiSwap launched dramatically in August 2020 with the 'vampire attack' on Uniswap, reaching $23.38 in March 2021. Internal governance disputes and the departure of founder Chef Nomi created early controversy before the community stabilized the project.
Frequently Asked Questions
SushiSwap incentivized Uniswap LPs to migrate their liquidity by offering SUSHI token rewards. Over $1 billion moved from Uniswap to SushiSwap in September 2020.
xSUSHI is the staked version of SUSHI. By staking SUSHI in the SushiBar, holders receive xSUSHI and earn 0.05% of all trading volume across every SushiSwap pool.
SushiSwap is deployed on 15+ chains including Ethereum, Arbitrum, Polygon, Optimism, BSC, Fantom, Avalanche, and several others, making it one of the most widely deployed DEXs.
Kashi is SushiSwap's isolated lending and margin trading platform. Unlike compound lending pools, Kashi uses isolated markets where each pair has its own risk parameters.
What was the vampire attack?
SushiSwap incentivized Uniswap LPs to migrate their liquidity by offering SUSHI token rewards. Over $1 billion moved from Uniswap to SushiSwap in September 2020.
What is xSUSHI?
xSUSHI is the staked version of SUSHI. By staking SUSHI in the SushiBar, holders receive xSUSHI and earn 0.05% of all trading volume across every SushiSwap pool.
How many chains is SushiSwap on?
SushiSwap is deployed on 15+ chains including Ethereum, Arbitrum, Polygon, Optimism, BSC, Fantom, Avalanche, and several others, making it one of the most widely deployed DEXs.
What is SushiSwap's Kashi?
Kashi is SushiSwap's isolated lending and margin trading platform. Unlike compound lending pools, Kashi uses isolated markets where each pair has its own risk parameters.
Risk Warning
Cryptocurrency prices are highly volatile and can change rapidly. The information on this site is provided for informational purposes only and does not constitute financial, investment, or trading advice.