What is SushiSwap?
The SushiSwap decentralized crypto exchange is part of the Sushi ecosystem. In addition to the DEX, the ecosystem includes a decentralized lending market, yield instruments, an auction platform, an automated market maker (AMM) framework, and staking derivatives.
SushiSwap’s governance token, SUSHI, allows community members to vote on major structural changes to the ecosystem and its offerings. Day-to-day operations, business strategy, and development are controlled by the project’s core team.
The best way to purchase SUSHI is to buy it at Kriptomat.
SushiSwap runs on the Ethereum blockchain. The service’s core function is to allow users to buy and sell cryptocurrency. The site also offers yield farming and staking to liquidity pools.
SushiSwap was founded in 2020 by anonymous founders known as Chef Nomi, Sushiswap, and Maki. The new service started as a next-generation Uniswap based on Uniswap source code.
Amid controversy over a competitive struggle between SushiSwap and Uniswap, Chef Nomi transferred control of the new project to Sam Bankman-Fried, the founder of crypto trading firm Alameda Research and crypto derivatives exchange FTX. Bankman-Fried restored calm to the project and turned over governance to a nine-member core team.
Start using SushiSwap DEX now
Here’s the fast, easy way to get started with the SushiSwap DEX: The Kriptomat DEX Onramp.
1. Set up a MetaMask wallet
MetaMask is a crypto wallet that is implemented as a browser extension on PCs and an app on mobile devices. Visit Metamask.io and select “Download” and you will receive the proper version for the device you are using. Follow the instructions to complete the installation. Create a wallet and password. Set up the wallet to use the Ethereum mainnet.
Now you can use the MetaMask Account Details menu to display the numeric code that is your MetaMask wallet address for the Ethereum mainnet.
2. Purchase Ethereum and transfer it to your MetaMask wallet
Your SushiSwap journey requires that you have some Ethereum. Simply use the tool at the top of this page to specify how much Ethereum you wish to purchase and where it should be sent – to the MetaMask wallet address you acquired in Step 1. Visa and Mastercard support mean you can complete this process in minutes. (If you have a Kriptomat account, you can acquire and send Ethereum in the normal way.)
3. Connect your MetaMask wallet to SushiSwap
Navigate to SushiSwap, click on the Connect button in the upper-right corner, and follow the instructions on your screen to link your MetaMask wallet to your SushiSwap account.
4. Begin trading
Now that you have funded your MetaMask wallet and linked it to the DEX, you are ready to begin executing transactions at SushiSwap.
It’s just that easy!