SushiSwap.
Dapp Category: EVM
About
SushiSwap is a type of decentralized exchange called an automated market maker (AMM). It lets users trade cryptocurrency tokens, but there's no central authority managing trades. Instead, SushiSwap automatically sets prices with mathematical formulas and processes trades using smart contracts.
Where do all these cryptocurrency funds come from? For that, SushiSwap has liquidity pools, or large pools of funds. Its users lend their own crypto to these liquidity pools in exchange for rewards.
There are several things you can do on SushiSwap:
- Swap: Trade one cryptocurrency for another, such as turning your USD Coin (USDC) into Ethereum (ETH).
- Farm: Deposit crypto into one of SushiSwap's liquidity pools to earn rewards.
- Stake: Deposit your SushiSwap tokens to earn rewards.
- Lend: Provide crypto for others to borrow and earn interest on it.
- Borrow: Borrow crypto after providing collateral.
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Content creator:
Stephan
I am the owner of the Telos Central block validator that runs infrastructure on the Telos blockchain. We, as Telos Central are really passionate about the opportunities and possibilities that Telos as a 3rd generation blockchain presents and are continually working on ways to help Telos reach its full potential.
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