Klever Swap Adds SUSHI Trading Pairs
We have added 9 direct swap trading pairs for the ultimate DeFi Chef.
To support our Klever community, we’ve activated 9 Direct Trading Pairs in your Klever Wallet:
What is SushiSwap (SUSHI)?
SushiSwap (SUSHI) is an example of an automated market maker (AMM). AMMs are decentralized exchanges that use smart contracts to create markets for any pair of tokens. AMMs are becoming increasingly popular among cryptocurrency users.
As a fork of Uniswap, launched in September 2020, SushiSwap is synonymous with the decentralized finance (DeFi) movement and the associated trading boom in DeFi tokens.
Through its in-house token, SUSHI, SushiSwap seeks to diversify the AMM market and add additional features not previously available with Uniswap, such as increased rewards for network participants.
What Makes SushiSwap Unique?
Basically, SushiSwap is an AMM, which can be used to set up trades between different cryptocurrencies. Traders and associated entities hoping to take advantage of the boom in project tokens and create liquidity are its main audience.
AMMs do away with the need for order books altogether and avoid problems like liquidity issues, which plague traditional decentralized exchanges.
In order to improve on the offerings of its parent company, Uniswap, SushiSwap aims to increase users' influence on its operations and future.
Klever Swap is a core service of the Klever app that makes it simpler, faster and more convenient for our users to exchange cryptocurrencies at the click of a button. By monitoring live price action on top-tier exchanges, our native Swap engine creates a price index that is used by the Swap.
The swap itself is conducted by fully autonomous bots, built and maintained in-house by Klever’s developers team. These bots continuously seek the best exchange rate and prices among the top exchanges, and then execute the Swap with high precision, security and speed. The Klever Swap project is part of Klever Exchange.
By Warren Manuel