👋SushiSwap Wiki
SushiSwap is a leading decentralized finance (DeFi) protocol that extends far beyond simple token swaps. Launched in 2020 as a community-driven fork of Uniswap, SushiSwap has evolved into a full-featured ecosystem offering swapping, liquidity provision, lending, staking, and cross-chain bridges. Its modular design and open governance make it a go-to platform for traders, yield-seekers, developers, and on-chain communities.
What Is SushiSwap?
At its core, SushiSwap is an Automated Market Maker (AMM) built on Ethereum and multiple Layer-2 networks. It allows users to:
Swap Tokens: Trade any supported ERC-20 pair with automated liquidity pools.
Provide Liquidity: Deposit token pairs into pools (xPools) to earn trading fees plus token incentives.
Lend & Borrow (Kashi): Engage in isolated lending markets with custom risk parameters.
Stake & Earn: Stake SUSHI tokens to share in protocol revenues and participate in governance.
Cross-Chain Bridge (SushiXSwap): Move assets seamlessly across EVM chains.
Key Components
1. Swap Module
xPools: Concentrated-liquidity pools where LPs select price ranges for capital efficiency.
Fee Tiers: 0.05%, 0.30%, or 1.00% pools cater to different asset volatilities.
Smart Routing: The router queries multiple pools and fee tiers to secure the best execution price.
2. BentoBox Vault
Shared Liquidity Layer: Holds user assets off-chain for gas optimization.
Yield Strategies: Powers Kashi lending, limit orders, and custom yield strategies without repeated approvals.
3. Kashi Lending Markets
Isolated Risk: Each market has its own collateral ratio, APR, and liquidation settings.
Leverage Options: Borrow up to 4× or supply assets to earn interest and SUSHI rewards.
4. Trident AMM Framework
Custom Pool Primitives: Constant product, constant sum, hybrid, and weighted pools for diverse use cases.
Capital Efficiency: Enables deeper liquidity at tighter price ranges, lowering slippage.
5. SushiXSwap Bridge
Cross-Chain Liquidity: Bridges assets across Ethereum, Polygon, Arbitrum, BNB Chain, Optimism, and Fantom.
Unified UX: One interface for swapping and bridging, with optimized routing and minimal fees.
How to Use SushiSwap
Connect Wallet
Supported: MetaMask, WalletConnect, Coinbase Wallet, Trust Wallet.
Swap Tokens
Navigate to Trade → Exchange, select input/output tokens, review price impact, and confirm.
Provide Liquidity
Go to Pool → Add Liquidity, choose token pair and fee tier, approve funds, and deposit.
Lend or Borrow
Under Lending, select Kashi Markets, supply collateral or borrow, set leverage or collateral ratio, and confirm.
Stake SUSHI
In SushiBar, stake SUSHI to receive xSUSHI, earning a share of 0.05% protocol fees.
Bridge Assets
Visit Bridge, choose source/destination chain, select token and amount, approve, and transfer.
Security & Audits
Third-Party Audits: Contracts reviewed by PeckShield, QuantStamp, CertiK.
Bug Bounty: Up to $500K rewards on Immunefi for vulnerability disclosures.
Timelock Governance: Major upgrades use a 48-hour timelock multisig to allow community oversight.
On-Chain Transparency: All reserves, trades, and votes are publicly viewable.
Governance
SUSHI Token: Grants fee rebates, staking rewards, and voting rights.
Snapshot Voting: Off-chain proposal discussion and signaling.
On-Chain Proposals: Formal parameter changes, funded by the Sushi DAO treasury.
Community Grants: Fund development, audits, events, and ecosystem growth.
Advanced Features
Limit Orders: Place conditional orders via the Limit Orders module powered by BentoBox.
Batch Swaps: Execute multi-leg strategies in a single transaction.
Analytics Dashboard: Real-time pool metrics, volume charts, and yield statistics.
Developer SDKs: JavaScript and Python libraries for integrating SushiSwap into dApps and bots.
Frequently Asked Questions
Q1: How do I earn SUSHI? Provide liquidity in xPools, stake SUSHI in the SushiBar, or participate in Onsen-incentivized pools.
Q2: What are the fee tiers? Choose 0.05% for stable/stable pairs, 0.30% for standard pairs, or 1.00% for exotic pairs.
Q3: Can I migrate liquidity from Uniswap? Yes—use the built-in Migrate tool under Pool to seamlessly transfer positions.
Q4: How do I vote on governance proposals? Hold SUSHI, delegate to yourself or a representative, and vote via Snapshot or the on-chain governance portal.
Q5: Is SushiSwap safe to use? SushiSwap is fully non-custodial. Smart contracts are audited, and a robust bug bounty incentivizes continuous security review.
Conclusion
SushiSwap’s modular, community-driven architecture and broad feature set make it a cornerstone of the DeFi landscape. From instant token swaps to advanced lending and cross-chain capabilities, SushiSwap empowers users and developers to build, trade, and earn in a fully decentralized environment. Explore the docs, join the DAO, and start your DeFi journey with SushiSwap today!
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