SushiSwap (SUSHI) to Host Breakfast Meet-up at Bitcoin conference in Nashville on July 26th

Sushi, in collaboration with Halborn and Core DAO, is set to host a breakfast meet-up at Bitcoin conference in Nashville on July 26th.

Bitcoin conference in Nashville on July 26th will feature a breakfast meet-up hosted by Sushi, in collaboration with Halborn and Core DAO.

This event will showcase Sushi's decentralized exchange protocol, which utilizes the automated market maker (AMM) model. Unlike traditional exchanges, SushiSwap operates without an order book or any centralized entity. Instead, it relies on smart contracts to facilitate trades.

Transactions on SushiSwap occur within liquidity pools. Here's how it works: users lock their crypto assets to become liquidity providers (LPs). In return, LPs earn rewards relative to their pool share. The basic premise involves depositing an equivalent amount of two tokens to create a market. Users can then trade ERC-20 tokens within these markets.

Furthermore, SushiSwap offers features like SushiBar, where SUSHI tokens can be staked to earn xSUSHI and subsequently garner a portion of the trading fees. Another feature, BentoBox, serves as a multifunctional vault allowing users to earn yields in various ways, including staking and lending.

SUSHI is the native ERC-20 token of the SushiSwap platform. It's distributed via liquidity mining to those providing liquidity. Notably, SUSHI holders have governance rights over the protocol and also receive a share of the collected fees, essentially making the community the owners of the protocol.