Dive into SushiSwap V2: a community-governed AMM built on Ethereum and growing multi-chain, offering open swaps, liquidity pools, SUSHI staking, and yield farming through the Onsen program.
SushiSwap V2 is the second iteration of the decentralized exchange that originated as a Uniswap fork. It retains the core constant-product AMM engine, where users provide liquidity and earn trading fees, but adds aggressive community incentives through the Onsen farming program :contentReference[oaicite:2]{index=2}.
Launched in 2021, SushiSwap pioneered the “vampire attack,” drawing over $1 billion in liquidity from competitors via token rewards :contentReference[oaicite:3]{index=3}. Since then, it has matured into a premier multi‑chain DEX with operations spanning Ethereum, BNB Chain, Polygon, Avalanche, Fantom, and more :contentReference[oaicite:4]{index=4}.
SushiSwap’s signature Onsen program allocates a budget of SUSHI tokens to incentivized pools. Popular pairs (like ETH–USDC) feature boosted rewards :contentReference[oaicite:11]{index=11}.
Staking SLP in Onsen lets you earn both swap fee income and native token rewards. Meanwhile, staking SUSHI for xSUSHI earns 0.05% of every swap fee directly proportional to your stake size :contentReference[oaicite:12]{index=12}.
This yield mechanism aligns incentives for both liquidity providers and token holders, fostering a robust and active community-driven ecosystem.
SushiSwap V2 is built on audited smart contracts following Uniswap V2 standards, with ongoing reviews and community code audits :contentReference[oaicite:13]{index=13}.
While no protocol is risk-free, Sushi’s multi-chain transparency and governance oversight help mitigate trust issues. Always use the official app.sushi.com domain and verify contract addresses.
Onsen is SushiSwap’s program that allocates extra SUSHI tokens to select liquidity pools, rewarding SLP holders who stake their tokens—on top of swap fees.
SushiSwap charges a flat 0.3% trading fee. Of that, 0.25% goes to liquidity providers and 0.05% is used for SUSHI buybacks and rewards :contentReference[oaicite:14]{index=14}.
SLP stands for Sushi Liquidity Provider tokens—minted when you supply token pairs to a pool. They can be staked in Onsen farms for extra yield.
xSUSHI is a staked version of SUSHI—earn 0.05% of platform swap fees proportionate to your stake through the SushiBar.
Yes. Originally on Ethereum, it's now live on BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, and other EVM chains :contentReference[oaicite:15]{index=15}.
Contracts are audited and open-source. Security depends on correct use of official interfaces and awareness of smart-contract risks inherent in DeFi.