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.