SushiSwap is a source-code fork of Uniswap developed by the fictitious Chef Nomi, and with its decentralized exchange, it changed the way the open-source philosophy of decentralized finance (DeFi) was perceived (DEX). Automated market makers (AMMs) like the SushiSwap DEX provide liquidity for traders while rewarding liquidity providers with money (LPs). Users of SushiSwap can add assets to liquidity pools in exchange for LP rewards, which in this case are the platform's native SUSHI coin. The governance token SUSHI is used to vote on platform development. In addition, it can be staked for xSUSHI via SushiSwap's SushiBar to earn additional LP benefits.
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