SushiSwap launches on Avalanche

Wednesday 17 March 2021 10:47 CET | News

SushiSwap, an automated market-making (AMM) decentralized exchange (DEX), has expanded with Avalanche’s decentralised finance (DeFi) ecosystem.

Users can perform core swaps as they do with SushiSwap on Ethereum, but with lower fees. Avalanche enables DeFi apps to scale and perform at parity to traditional finance applications. Their transactions are confirmed near instantly.

At launch, SushiSwap evaluated the opportunities of Uniswap, a pioneer in AMMs, and sought multiple points of improvement, including community governance, better liquidity incentives (via yield farming), and advanced product features.

AMMs provide users and projects with instant liquidity at a known price. This consistency is important for projects looking to scale fast. Instant liquidity allows for more complex DeFi products to emerge.

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Keywords: Ethereum, DeFi, cryptocurrency exchange
Categories: DeFi & Crypto & Web3
Countries: World
This article is part of category

DeFi & Crypto & Web3

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