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In this new episode of #FinancialFox Steffi talks 0xMaki, Co-founder of DeFi exchange SushiSwap. SushiSwap has become one of the top projects to follow in the DeFi space and recently reached over $2 Billion Market Cap following a price rally at the start of 2021.
Originated from a Uniswap fork, SushiSwap operates a DeFi exchange with the purpose of building a strong community-bound project. Any user offering liquidity to the exchange gets Sushi governance tokens on top of fees when there is a transaction.
The name comes from the founder Chef Nomi who was a chef before starting coding. The idea of a sushi restaurant and menus is to keep a fun element in the project.
One of Sushi’s newest products is the ‘Bento Box’ a lending solution by offering lending pairs. This means that risk is limited to the individual lending pools and the interest rates will be set according to that risk.
Going forward, Sushi has more products to be launched including MISO, a token launchpad for new assets aimed at driving new projects towards launching on Sushi. One of the most exciting DeFi projects to watch in 2021.
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