Sushi FAQ

What Is Decentralized Crypto Exchange?

A decentralized crypto exchange (or DEX) is a peer-to-peer marketplace where users can trade cryptocurrencies without the need for an intermediary or custodian to facilitate the transfer of funds. Smart contracts enable these operations via the use of self-executing agreements written in code. Uniswap and SushiSwap are the two most popular decentralized exchanges.


How Is SushiSwap Different From Uniswap?

Although SushiSwap is a copy of Uniswap, it is different in terms of fee structure and other aspects. For instance, Uniswap has three fee levels of 0.05%, 0.3%, and 1%. Stablecoin pairs may charge a 0.05% fee, common pairs such as ETH/USDT may accept a 0.3% fee, and pairs with newer tokens may charge a 1% fee. In contrast, SushiSwap charges all business teams a flat fee of 0.3%, dish token holders receive 0.05%, and liquidity providers receive 0.25%. As of the new token launch, Uniswap does not offer additional rewards, while SushiSwap provides additional Sushi tokens for staking newer tokens. CoinMarketCap ranks SushiSwap as the 19th-largest exchange by trading volume. It’s much smaller than top DEX Uniswap, which handles more than 10 times the daily trading volume.


What Is Ethereum?

Ethereum is a global virtual machine powered by blockchain technology. It is most commonly known for its native cryptocurrency, ether, or ETH. Ethereum network participants use ETH to pay for work done on the blockchain. Ethereum is designed to be scalable, programmable, secure, and decentralized. It is the blockchain of choice for developers and enterprises who are creating technology based upon it to change the way many industries operate and the way we go about our daily lives.

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