After aelf launched SashimiSwap, the response has been enormous. Most people call it an upgraded and better version of SushiSwap, and well, that’s true. The swap product adopts the Automatic Market Maker (AMM) model. It helps in multiplying the income for the liquidity providers (LP).
What makes SashimiSwap 2.1 stand out is its accessibility, as anyone can take part in staking and mining on it. It helps in multiplying the users’ investment returns and helps them to earn additional income by optimally/automatically investing some part of their liquidity. The investments that take place in the profit-making platforms are regularly looked after.
Why should one prefer SashimiSwap?
Ever since its inception, Sashimi has seen several upgrades benefitting the users. From being a liquidity mining platform to a decentralised exchange with AMM mechanism to earning more income via investment and vault, the development grabs attention immediately. However, despite having many benefits, many users are not entirely aware of how advantageous SashimiSwap Investment is!
SashimiSwap maximises the users’ unused funds in a liquidity pool. These funds will be used to invest and look after several assets like ETH, DAI, GT and others with the help of various DeFi products. The investment will help in increasing the earnings of liquidity providers.
As per the data till October 2020, over $10 billion of liquid assets in the DEXs are unused. $2.8 billion covers the Uniswap accounts. With SashimiSwap Investment, these idle assets will be introduced in the financial market that in return will help the users to earn extra profits.
Once the user agrees with SashimiSwap Investment and gains profits, they can buy Sashimi again. After the buyback, 25% of Sashimi will be sent to the Sashimi Bar, and 75% is sent to the Timelock address or Sashimi Treasury. With the help of Sashimi tokens, the LPs can get their earnings, and they can also redeem the token at any time.
Coming to SashimiSwap Vaults, it is cited as an aggregate financial management platform. With the help of Vaults, users can invest in other DeFi products with the staked asset. The users of the Vaults contract will be benefitted as it will select DeFi platforms that have the highest yield with maximum returns (AAVE, compound, YFI, Synthetix, etc.). All the users have to do is deposit the corresponding UNI-V2 Token, DAI, ETH and USDC in the SashimiSwap Vault pool. It will help them to get their hands on svUNI-V2 Token that helps in staking voucher for users.
Furthermore, Sashimi aims at community governance and voting. Therefore, the users should use the SASHIMI-ETH SALP Token they received from their liquidity (i.e., sashimichakra). A user can either add a proposal on the platform, and another user who has a sashimichakra can vote for it. They will have three days for casting their votes, and if the participation is 30% and the result for YES is 60%, the proposal will be passed.
For more insights and a detailed understanding of how to enrol yourself to SashimiSwap and be one of the liquidity providers, check out this site – https://medium.com/sashimisashimi.