Aelf blockchain is a decentralized cloud computing blockchain platform. 

Aelf recently tweeted:  “Dear aelf community members and all DeFi lovers, Here’s a sneak peek of SashimiSwap, a new SushiSwap with cross chain features developed by aelf. Super simple DeFi, no pre-mining, fair launch, & high yield!”

Sashimi, is a fair version of Sushi and there are no team Shares, no pre-mine and it is a cross chain swap ecosystem. 

Following the release of AESwap, which is the first DeFi project on aelf network; on August 28, 2020 aelf launched SashimiSwap, which is its version of SushiSwap.  SashimiSwap works just like any other Automatic Market Maker (AMM) swap products. It is important to note that ShushiSwap is not a fork, and therefore “Sashimiswap and SushiSwap” do not share liquidity.

The Sashimiswap is very easy to start with and provides a very smooth mining experience and also high yield.  Liquidity providers on UniSwap will be able to earn Sashimi tokens with SashimiSwap.

The token allocation mechanism is similar to Sushi with a 10x bonus. After 100,000 blocks, every block will release 100 SASHIMI tokens.

The important features provided by AESwap providers are that, “market makers can make profit by adding liquidity to trading pairs.  Permit market makers to create trading pairs.  Users will be able to swap one token for another.  Users will be able to withdraw their shares from the liquidity pool any time.  Users will not need to register an account. They will be able to log in by making use of the account of aelf Wallet, web wallet, and aelf Explorer Extensions.”

AELF Blockchain and SashimiSwap Integration

After mainnet launch, SashimiSwap and AESwap will be integrated.

Sydney Ifergan, the crypto expert tweeted:  “AELF have provided the SushiSwap.  However it took be some time to differentiate the two spellings SashimiSwap, SushiSwap.”

SashimiSashimi tweeted:  “New Sauce for #Sashimi, Community Governance Platform Launched! More details on community governance will be announced later, Stay tuned!”

Reportedlym, Any SASHIMI-ETH LP Token holder, who is also known as SASHIMICHAKRA will be able to vote.

SashimiSwap have launched the genesis mining at block height 10833000 on 5pm September 10, 2020 SGT. As of 11am September 11, 2020 more than 1.37 million ETH worth of assets are mining SASHIMI. Reportedly, the current liquidity has reached US $500 million, which becomes the the 2nd largest trading volume on Ethereum!

The SUSHISWAP migration work got officially completed on September 10 and this has led to the withdrawal of more than US $1 billion in liquidity from UNISWAP.  The launch of SASHIMISWAP has improved the liquidity of UNISWAP to more than $1 billion. Thus Uniswap’s liquidity pool is about US $500 million.