SushiSwap is an example of an automated market maker (AMM). The cornerstone of the decentralised finance (DeFi) movement, AMMs are decentralized exchanges (DEXs) which use smart contracts to create markets for any given pair of tokens.
SushiSwap launched in September 2020 as a fork of Uniswap, the most popular DeFi trading platform. The platform aimed to be a more community-focussed and effectively decentralised version of Uniswap, as well as implementing a range of liquidity and reward improvements to encourage usage.
SUSHI is the native token of Sushiswap. It can be staked to receive a portion of the trading fees on the platform and offers holders voting rights in any governance decisions.
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