What is SushiSwap?
Fork version of uniswap finally makes entry into Decentralized Finance market with MasterChef concept. Sushiswap aim to bring evolution In Uniswap and supported by Sushi Token. Features on the platform will be known as serving menu, where trader will have freedom to UniSwap V2 LP Tokens. Sushiswap uses Farms where different dishes i.e. Token listed with APY in percentage (interest rate).
SushiSwap Protocol majorly pushing incentives for participant via staking, where they have introduced Revenue sharing and network effect with AMM Model. The platform changed reward distribution mechanism as SushiSwap LPs earn 0.25% fees and Uniswap LPs Earn 0.3% of trading fees, in which 0.05% fees will be rewarded to Sushi Holders. LPs earning will be depended on liquidity provider and LPs will benefit user to earn more passive income from platform.
Basically, the project is nothing but combination of Uniswap and MasterChef. SushiSwap aim to provide better Liquidity Provider incentives, where some rewards having more benefit than Uniswap. User can earn portal of protocol fees and even user cash out their investment or exist pool, they still become stakeholder of protocol considering early adopter. The earning on staking will depend on number of token and amount of token i.e. term as LP Token.
Sushi Price Prediction
|Month & Year||SUSHI Price Prediction|
|All-time high||$9.2 USD|
|Exchange Platform||Uniswap, Balancer, Sushiswap, 0x Protocol, 1inch Exchange, Gate.io, MXC, Hotbit, FTX, BiKi, BKEX.|
Sushi Price Analysis
Sushiswap bags $700 million worth within few weeks of its launch and it also beat coinbase all time one day trading volume. Sushiswap possibly attracting user of uniswap and with their unique rewards and revenue sharing model. Sushiswap as name suggest along with masterchef touch they also naming token with fancy and attractive like Tether Turtle, Circle Snail, Compound Truffle. As of writing currently 13 tokens currently available for staking and earning Sushi Token as rewards. Sushiswap is trending everywhere, as after being in top Coingecko most searched crypto project, it also makes entry into google trends. As per report Sushiswap aggregate $800 million USD worth token i.e. 80% of Uniswap total Asset. Sushi listed with average price of $1.52 USD and now as of writing it already cross $8 USD mark with 426% price change. However, in coming weeks Sushi possibly cross $10 USD mark and ended up by cross $25 USD mark.
How Much SUSHI Worth in 5 years?
Is Sushiswap a Good Investment?
Decentralized Finance is unstoppable and Sushi will another million worth projects i.e. consistently gaining huge market volume. Sushiswap developed by Chef Nomi who having vision to innovate Uniswap DeFi using their structure and protocol. Uniswap is already become one of the most used and faster Exchange platforms replacing different centralized exchange. similar sushiswap sharing maximum revenue that include more percentage in transaction fees along with protocol fees. Inspired from Uniswap elegant design and UI, Sushiswap also coming with new concept of mixing Chef into DeFi, where token renamed with catchy words. Sushi Making noticeable change in DeFi that already benefited them to steal uniswap user and in future they will gained more user participate in staking and liquidity pool.