Topic: What do you think about Sushiswap ? (Read 1301 times)

yes this info was very useful for me also that's why i sell my sushi tokens and move on right now the market is good for invest i mean stable and going up that's why sushi swap price is not affected a lot but in bearish season price will fall. many projects like sushi swap are available in binance smart chain and all of them are just for grab money from their users so should be carful when investing

Just do it if it can be good in your opinion because everyone has different thoughts when it comes to investing, I personally prefer to trade and keep coins in the long term so I also consider that an investment because I think that kind of thing is safer and also safer relax when i live it.

Sushiswap listing on top major exchange like binance is normal because they have lots of volume and after uniswap and pancakeswap they follow this trend and grow up normally because they are early in this stage but i am not sure about this type of dex projects future because they not make trend they follow trend!!  So in time flow they will dismiss but only real king are king in market not like this type of trend follower!!

Sushiswap comes first on decentralized exchanges as far as I know. When I read the comments here, there have been many events that have come to the fore, once they shake the trust of the investor, it is necessary to approach such projects from a distance. There are decentralized exchanges with higher potential, you can turn to them if the rumors about Sushiswap are true. Even the supply increases don't look pretty.

Judging by the data from santiment, over the past two months, whales have increased their accumulations in SUSHI tokens by almost 10% of the entire token supply, perhaps the accumulation period will continue before the price rises, but whether the previous ATH of $23 will be broken, it is quite possible.
https://twitter.com/santimentfeed/status/1475569051875397632

Wow thanks for the information. Man, i have the thought to invest some of my money a few weeks ago. Luckily, i read this info first before buying. I remember the hype for this token among my friends, but after seeing this reply, i won't bother to buy 

All tokens are good for trading if you understand the trade. It is foolish to trade after listening to someone here. You have to choose a token by yourself. But you should do more research on the token.

I don't think it's a serious issue, just by looking at the past history, we know the uncertainty of sushiswap is high despite the fact it is listed on top trades like Binance. Everyone knows how hard it is to be recorded there until the defi publicity increases.

I would argue that it is too unsafe to even consider investing in such a venture. Overall, what is the real explanation? I think I'm leaning more towards or the acropolis on the more potential post possibilities. As mentioned by sushi. This is a sign for farming not to invest.

This is true, and it is a prime example how not to trust everything that gets listed on Binance. Yes, Binance is a great exchange but let's not forget that as an exchange they have their own agenda - getting those fees so any listing that'll bring them that will do!

Sushiswap is probably not the best investment so looking at other exchanges (if that's your thing) wouldn't hurt.

- New launches will always have some minor technical problems, besides, the investment team behind is not stable from psychology to position and has no experience with attacks by large groups, the value of the project reflects a weakness and failure that may have been in the calculation, only few times so plus experience Sushiswap already has its market share. Focussed heavily on the field of exchange, Sushiswap may not compete better than the seniors but it is still a class of attentionAs a branch that is separated from Uniswap and

Any small to large investors have invested in sushi in the hope of getting big returns.  Sushi but in the middle is waiting to get a return for the dump.  I have also invested in waiting for some amount of pumps which I have invested in the hope of recovering some and making some profit.

I don't really follow sushi coins, from this thread I see that sushi is arguably a failed project at first, after being picked up again by FTX the situation is recovering,
if you are going to invest in Sushi think longer so you don't regret it in the future, I personally missed sushi on my list to invest in

Launched in August 2020, SushiSwap (SUSHI) is both a cryptocurrency token and a decentralized exchange. The exchange offers a platform for anyone to swap cryptocurrency -- hence the word "swap" in the second half of its name. As for the first half, the creator presumably likes sushi.

Even though SushiSwap aims for a fun environment, it's no joke. The exchange has over $3 billion in liquidity at the time of this writing, and the cryptocurrency's price has increased by over 1,500% since November, according to CoinMarketCap data. If you're thinking of becoming one of what SushiSwap calls its "sushi chefs," here's what you should know first.

1. SushiSwap is an automated market maker based on Uniswap's code
SushiSwap is a type of decentralized exchange called an automated market maker (AMM). It lets users trade cryptocurrency tokens, but there's no central authority managing trades. Instead, SushiSwap automatically sets prices with mathematical formulas and processes trades using smart contracts.

Where do all these cryptocurrency funds come from? For that, SushiSwap has liquidity pools, or large pools of funds. Its users lend their own crypto to these liquidity pools in exchange for rewards.

SushiSwap isn't the first AMM. It's based on another: Uniswap (UNI). An anonymous developer under the pseudonym Chef Nomi forked Uniswap's code, meaning they used that code to create SushiSwap.

2. It all started with a "vampire attack"
The problem SushiSwap faced at launch was bringing in users who would provide liquidity by lending their crypto. People could already do that with Uniswap, so there would need to be some incentive to get them to switch to a new exchange.

Chef Nomi provided that incentive through SushiSwap tokens. Users could receive these by making deposits to SushiSwap. And Chef Nomi came up with a tactic to help SushiSwap gain an edge on its rival. Users would have to deposit Uniswap tokens to earn rewards on SushiSwap. Thanks to SushiSwap's rewards, those who switched to it would earn more than they could on Uniswap.

This has been referred to as a "vampire attack" because it led to liquidity being drained from Uniswap and added to SushiSwap. In the end, SushiSwap gained about $810 million in crypto funds. But the event led to so much attention that both exchanges ended up attracting far more users.

3. The original developer did a rug pull -- but then returned the funds
SushiSwap hasn't been without controversy. Very early on, Chef Nomi committed a common scam known as a rug pull. This is when a developer takes investor funds from a project.

Chef Nomi took more than 2.5 million SushiSwap tokens and 20,000 Ethereum on Sept. 5, 2020, only a week after the exchange's launch. At the time, the crypto taken was worth about $14 million.

Many in the SushiSwap community were upset, but it wasn't the end. Sam Bankman-Fried, CEO of crypto exchange FTX and an early SushiSwap investor, offered to take over the project and donate 5 million SushiSwap tokens.

A new team was put together to run the project. Chef Nomi also apologized to the community and returned all the crypto he took.

SushiSwap is an Ethereum-based decentralized exchange that lets you swap a vast array of tokens, as well as engage in other finance services. It has no centralized authority or middlemen. Instead, it relies on smart contracts—or code that automates processes—and liquidity provided by other users to complete trades.
SushiSwap is a popular decentralized exchange, and the SUSHI token has performed well since its launch. If you're considering buying it, it would be good to pay attention to similar tokens in the DeFi space and read up on possible regulatory changes

SushiSwap is a well-known decentralized exchange, and the SUSHI token has done well since its inception. The security of the Sushiswap exchange is excellent. It is completely risk-free for users. Its community-focused strategy and vast number of liquidity pools make it stand out.

All that early on drama kept me away from it, and now I just do not feel like going there. There are so many swaps in the world that sometimes you just do not need to use some of them, or even care about them and you will be fine. Like if I am using uniswap right now, which became a sensation then I do not really need to know more about sushiswap, and that is the fine part, what can I say?

I mean surely there are some people, a lot of people apparently from the numbers, that use sushiswap and that's fine, just because others use it I do not have to feel like I got to use it neither, many people do not use uniswap neither, hell there are people who do not use any eth blockchain product at all and they are fine over there at BSC or Matic or Dot and these people are fine as well they are making money too. Sushi is just something that shipped way too early and had drama so they missed so many people like me.

Sushi is a great project, but its time is slowly running out. Too high transaction fees have to be paid to provide liquidity, or to make a farm, and even a regular exchange fees a good price. Try to study cross-chains, there is a real boom in this segment now! For example Solana - 83% per week
Near Protocol - 60% per week.
these ecosystems are growing every day and inside them there are many DeFi projects on which you can exchange and stake practically without paying for fees. Therefore, if you do not have a large investment portfolio, I advise you to get used to these projects, they are the future.

Against the background of the latest hacks of Defi projects, there is also good news, so Paradigm partner, Sam Sun, a specialist in the field of cybersecurity, told how he identified and helped eliminate a vulnerability in the SushiSwap DeFi project. The bug threatened to lose over 109,000 ETH ~$337 million.
Sam Sun discovered that the vulnerability allows you to get a refund during the auction for every ETH sent over the set limit. This meant that instead of rejecting the transaction, the contract would simply refund all the funds.
https://www.paradigm.xyz/2021/08/two-rights-might-make-a-wrong/

Yes, your step of doing research before putting money into tokens is very appropriate. to avoid the bad.
Sushiswap is a by-product of the Uniswap project that promises its liquidity providers the SUSHI token, which is also similar to lending projects like Aave's LEND and Compound (COMP) in the DeFi space. The SushiSwap protocol aligns incentives for better network participants by introducing revenue sharing & network securities to the popular Automated Market Maker (AMM) model.

Sushiswap is one of the best DEX on polygon. One more is quickswap. I like sushiswap because of its user-friendly and nice design. Personally I exchange tokens and add or withdraw liquidity there. But I haven’t invested in it, I even didn’t think about it, as I consider that if something is already popular, I can’t earn a lot of money there any more, so I look for new projects instead.