SashimiSwap - the delicious upgrade to SushiSwap
While Uniswap and SushiSwap have been reigning the DeFi marketplace with their decentralized token swap protocols; they both promote liquidity sharing. Another contender which is joining the race of creating an automated marketplace for crypto-trading lately is the SashimiSwap protocol. The aelf Blockchain network very recently announced the release of SashimiSwap, which they claim is an upgraded and simplified version of the SushiSwap.
Let us understand more about the SashimiSwap project in detail in this blog.
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SashimiSwap is a DeFi protocol conceptualized and developed by aelf. Based on the lines of Automated Market maker, SashimiSwap also allows investors and traders to participate in token swapping and lending liquidity in the cryptocurrency world. The aelf team promises to offer the participants a more fairer, advanced and smooth trading experience and high profits.
SashimiSwap, similar to SushiSwap, charges a 0.3% fee on every transaction, out of which 0.25% is distributed amongst users who contribute to the liquidity pool. The leftover 0.05% is reserved for the SASHIMI DAO contract, which is used for community development and governance.
The aelf is committed to provide a fairer,transparent and superior decentralized exchange in the form of SashimiSwap, for which they have added and continue to add several features to the project.
1) Market makers earn profit by adding liquidity to trading pairs.
2) Users can earn multiple incomes through Yield Farming, earn SASHIMI tokens etc.
3) Users can withdraw their shares from the liquidity pool whenever they wish to.
4) Users can log in using the account of aelf Wallet.
5) Users can earn rewards from double farming.
6) Users can earn profits from Sashimiswap vaults and investments.
More features and developments are expected to happen soon.
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1) SashimiSwap Exchange : The funds that lay idle on the exchange are invested using SashimiSwap Investment.
2) SashimiSwap Investment : A well developed asset management platform that invests the idle funds in SashimiSwap Vaults.
3) SashimiSwap Farms : A high-yield liquidity mining platform used for earning incentives which also involves the “double farming” feature.
4) SashimiSwap Proposals : The SashimiSwap community decides about the developments and governance of the platform.
5) SashimiSwap Vaults : A financial platform where user assets are invested in order to generate the highest yield and maximum returns.
SashimiSwap requires no pre-mining, no liquidity sharing. SashimiSwap products are considered as the future of DeFi, that also promotes the cross chain swap protocol.
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