You can now trade OK • Okcash on SushiSwap

Okcash

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Now you can trade OK on SushiSwap over the OK/USDC pairs at:
https://www.sushi.com/swap

As Okcash and the decentralized finance (DeFi) space continues to mature into a more inclusive financial system, more and more tools are being developed. If you’re looking to trade crypto using a decentralized exchange (DEX), with OK you have several options on almost every blockchain.

What is SushiSwap?

SushiSwap is an Ethereum-blockchain DEX founded by pseudonymous open-source developers Chef Nomi and 0xMaki and initially launched as a copy of Uniswap.

As a clone of Uniswap, SushiSwap was a platform to swap tokens without the need for a middleman or intermediary. To make SushiSwap unique, the founders added new features including liquidity mining and governance through SushiSwap’s SUSHI token.

How SushiSwap works

SushiSwap utilizes a decentralized trading method known as an automated market maker (AMM). Unlike traditional exchanges, which require an order book and intermediary for trading, SushiSwap’s AMM makes the entire process peer-to-peer.

AMMs, like the one used by SushiSwap, don’t need an intermediary or order book because trades are with liquidity pools — funds of a particular token, deposited by users, that utilize smart contracts to provide liquidity for trades.

Since the launch of SushiSwap in 2020, the project has continued to develop new DeFi tools and has created a platform no longer just for traders. The SushiSwap “menu” of the product has expanded to give users access to yield farming, staking and lending and borrowing, all within the same app.

Learn how to use SushiSwap Decentralized exchange with this tutorial:
https://youtu.be/O–cBqW5tcw

Learn more about OK:
https://okcash.co