Plain English
SushiSwap is a DEX launched in 2020 via “vampire attack” — incentivizing Uniswap V2 LPs to migrate liquidity to SushiSwap with SUSHI rewards. Now multi-chain (40+ chains). SUSHI is the platform token.
How it actually works
AMM-based with concentrated liquidity (Trident V2). Suite includes Sushi DEX, BentoBox (capital-efficient lending), Kashi (isolated lending markets), MISO (token launchpad), and Furo (token streams for payroll). xSUSHI stakers receive a share of trading fees as real yield.
What it means for you
SushiSwap is a “Uniswap of the multi-chain world” — present on chains where Uniswap is not, especially smaller L1s. For traders living across multiple chains, having Sushi as a venue option is useful. xSUSHI staking is one of the older real-yield mechanisms in DeFi.
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Educational content only. Not investment, tax, or legal advice.