What is SushiToken (SUSHI)?
SushiSwap (SUSHI), a fork of Uniswap, debuted in 2020 as a decentralized exchange (DEX) and automated market maker (AMM). It was created to introduce additional features and community governance to the DEX model. SUSHI, the platform’s native token, entitles holders to governance rights and a share of the transaction fees generated by the protocol.
SushiSwap aims to enhance the DEX user experience with expanded services and community-led development. The project represents a community-driven approach to DeFi, emphasizing the importance of user involvement in the governance and operation of decentralized protocols.