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  3. /SushiSwap
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defi

SushiSwap

A multi-chain DEX that started as a Uniswap fork with added token incentives.

Definition

A multi-chain DEX that started as a Uniswap fork with added token incentives. It launched the vampire attack concept by luring Uniswap's liquidity with SUSHI rewards. SushiSwap expanded to lending (Kashi) and launchpad (MISO) but scaled back to focus on its core DEX.

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GuideDEX Guide: Decentralized Exchanges

Related Terms

DEX (Decentralized Exchange)

A cryptocurrency exchange that operates without a central authority, using smart contracts to facilitate trades.

Vampire Attack

When a new protocol launches by offering better incentives to steal users and liquidity from an existing protocol.

AMM (Automated Market Maker)

A type of decentralized exchange that uses math formulas instead of order books to price trades.

1inch

A DEX aggregator that splits trades across multiple decentralized exchanges to find the best overall price.

Aave

One of the biggest lending and borrowing protocols in DeFi.

Across Protocol

A cross-chain bridge that uses an optimistic verification system and a network of relayers to move tokens between chains quickly.

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