Home Altcoins News Does Sushiswap Return the Most Value to Token Holders Compared to other DeFi

Does Sushiswap Return the Most Value to Token Holders Compared to other DeFi

sushi swap defi

When one of the DeFi investor stated, been asked why is Sushi still going up and the reply was well could it be the market is waking up to the fact that among all DeFi protocols, SushiSwap returns the most value to its token holders directly via staking, roughly at $55m/p.a. and growing?

Another user felt that Sushi getting integrated into binance smart chain i think causing momentum?

However, critics stated, Sushi is going up because it follows the coat tails of UNI. “I have a small bag that I regret holding. If at any time it pops it’s going right to UNI. To me it has zero long term value. BNT and UNI are the only exchanges worth holding long term.”

Some of them expressed their disappointment over how the interests of LPs and stakers are not aligned.

Yet others stated, you can’t look at exchange tokens through the lenses of the best use case and that it is all about macro availability and the ease of use of the platform. Further stated, it will be UNI and BNT in 5 years.

All about macro availability and ease of use? What you on about?? Do you not consider the value attainment and accrual of Sushi to be a factor in its token price appreciation.

Whatever for understanding Sushi:  Every blockchain has a unique terminology for the process of mining tokens like baking for Tezos, Cake for PancakeSwap and it is being a chef with Sushi.

It is possible for everyone to be a chef with Sushi.  The SushiSwap protocol realigns incentives for network participants by introducing revenue sharing and forum-driven network efforts to the popular AMM model.

For clarity, SushiSwap is an automated market-making (AMM) decentralized exchange (DEX) which is at present based on the Ethereum blockchain. They are likely to soon expand on their offerings with BentoBox lending platform.

SushiSwap is a community-run project, governed by community vote.  Thus there is a need for voting for all major changes which should be made to the protocol.

The Sushi Chef 0xMaki decides the day-to-day operations, rebalancing of pools and ratios, business strategy, and overall development.

The core products of the SushiSwap ecosystem are SushiSwap Exchange, SushiSwap Liquidity pools, and SushiSwap SushiBar Staking (xSushi).  Each of these products serve a different purpose in the ecosystem.

Sushinomics is the terminology used to understand the basic concept of this ecosystem.  The tokenomics also known as SUSHINOMICS can simplified as:  “250 million $SUSHI hard cap; 10% of all emissions go to our Multisig-controlled dev fund; expected date to reach hard cap is November 2023; There are currently 40 $SUSHI tokens minted per block; 0.05% of the exchange trade fees are awarded to holders of the xSUSHI token; Financial analysis of the SUSHINOMICS will likely be done in Q1 2021, after all currently discussed, and previously approved, proposals have been implemented.”

Those who are willing to participate in the discussion of SUSHINOMICS will have to visit the Discord server and should further check the sushinomics channel.

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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