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Does sushiswap require a token?

Though holding SUSHI is not required to use SushiSwap, the token does offer some additional functionality – like staking – on the SushiSwap platform that you can’t access without it. SushiSwap utilizes a decentralized trading method known as an automated market maker (AMM).

What is sushiswap?

How to Use the DeFi Platform SushiSwap is a decentralized, community-owned, and community-run cryptocurrency exchange built on the Ethereum network.

How to earn passive income on the sushiswap exchange?

If you want to earn some passive income on the SushiSwap exchange, you can either purchase SUSHI tokens and stake them in the SushiBar or provide liquidity to some of the pools listed on Sushi’s Farms page. The annual percentage yield (APY) on some of these farms has gone upwards of 217% and more.

What is the difference between sushiswap and a Dex?

SushiSwap, on the other hand, has made it a point to be a pioneer in expanding the services that a DEX can provide. Some of the additional key features that SushiSwap provides are Kashi (Lending & Leverage), Sushi Bar (Staking), BentoBox (Token Vault), and MISO (IDO Launchpad).

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