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SushiSwap Fundamental Analysis
The SushiSwap protocol is a hard fork of Uniswap, one of the most popular peer-to-peer trading apps for Ethereum coins in the decentralized finance (DeFi) sector. It was founded by an anonymous developer named Chef Nomi. The idea that fueled the hard fork was to further build on Uniswap’s core design while adding community-oriented features and benefits to the users and developers involved in building the platform. The governance token of SushiSwap is called SUSHI, this idea carries on the tradition of another meme crypto, Dogecoin. SushiSwap's proposed objective is to be fully community-regulated, with all power situated in the hands of SUSHI owners who contribute to the liquidity of the various SUSHI pools. SUSHI liquidity providers are paid a portion of the platform’s fees derived from trading. SushiSwap’s LPs are given tokens as payment for their support of the initiative. LPs are paid bigger shares of SUSHI in hopes of luring them away from Uniswap while raising enough liquidity to contend with the original project. An additional portion of freshly-issued SUSHI is set aside for growing the project. The community then votes on the grants they want to approve and the amounts they would like to transfer to volunteering developers. However, SushiSwap's leadership still makes most of the final judgments and is responsible for the biggest share of the work. Since the launch of SushiSwap, its token has been widely endorsed by some major DeFi names: Binance and Huobi listed the token within days of its launch.<strong> SUSHI supporters are paid a share of SushiSwap’s trading fees. The platform’s liquidity providers (LPs) are awarded free SUSHI for their support. The decentralized, community-ruled, and anonymous platform offers a potentially fair playing field for yield farmers and traders.
SushiSwap Live Price Chart