Sushi Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Sushi is built on a blockchain, an immensely powerful shared global infrastructure that can move value around and represent ownership. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
The Sushi project is building a decentralized exchange (DEX) on top of Ethereum, where users can trade ERC20 tokens without having to trust a centralized entity. The Sushi protocol implements an automated market maker (AMM) model, where liquidity is provided by a pool of tokens staked by liquidity providers (LPs).
LPs earn trading fees and SUSHI rewards for providing liquidity to the pool.
The Sushi protocol is designed to be composable with other DeFi protocols, so that it can be used as a building block for creating more complex financial applications. For example, it can be used to create synthetic assets that track the price of any underlying asset, or to create decentralized exchanges for trading any type of asset.
What Is Sushi Ethereum?.