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Sushi launches Susa, a decentralized derivatives exchange on Layer N, an Ethereum scaling solution.
SUSHI info
SushiSwap is a decentralized exchange protocol that uses the Automated Market Maker (AMM) model. Unlike traditional exchanges, it operates without an order book or centralized entity and instead relies on smart contracts to facilitate trading.
Transactions on SushiSwap take place within liquidity pools. In these pools, users lock their crypto assets to become liquidity providers (LPs). In return, LPs receive rewards in proportion to their pool share. The basic requirement is to deposit the equivalent of two tokens to create a market. Users then trade ERC-20 tokens within these markets. Additionally, SushiSwap offers features such as SushiBar, where SUSHI tokens can be staked to earn xSUSHI and subsequently receive a portion of trading fees. Another feature, BentoBox serves as a multifunctional vault that allows users to earn yields in various ways, including staking and lending.
SUSHI is the native ERC-20 token of the SushiSwap platform. It is distributed via liquidity mining to those who provide liquidity and grants holders governance rights over the protocol as well as a share of the fees collected, effectively making the community the owner of the protocol.
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