SushiSwap is a popular decentralized exchange built on Ethereum that enables users to swap and stake tokens to earn rewards. It runs an Automated Market Maker (AMM), through which users can trade tokens directly from their wallets without any middleman.
The platform offers a wide range of tokens, allowing you to trade your preferred crypto assets like ETH or USDT at competitive rates. Also, you can provide liquidity to pools within the dApp to earn rewards from trading fees. How big the reward is varies according to the amount of liquidity you provided.
Additionally, SushiSwap operates on multiple blockchains, allowing seamless cross-chain transactions for users. Users can choose to trade on chains that take lower fees like Polygon, Avalanche or Arbitrum from the available options.
The cross-chain transfer perks and the easily navigable dApp make for a wholesome user experience. Even beginners find swapping tokens or adding liquidity straightforward due to the platform’s simple interface.
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