#MyThirdFeedPost Hello Binance Square users!SushiSwap (SUSHI). Here are some key applications:
1.Token Swapping
Users can exchange ERC-20 tokens directly on SushiSwap without going through centralized exchanges. Brings complete freedom and control over users' assets.
2. Liquidity Provision
Users provide liquidity to pools on SushiSwap by depositing token pairs into the pool and receiving LP tokens in return. Helps enhance the liquidity of token pairs and users can earn more profits from trading fees.
3.Yield Farming
Users can stake LP tokens into smart contracts to receive rewards in SUSHI. Yield farming encourages users to provide long-term liquidity and earn additional profits from staking.
4.Staking SUSHI
Users can stake SUSHI at SushiBar to receive xSUSHI, earning a percentage of platform-wide transaction fees.
5. Borrowing and lending (Kashi Lending)
SushiSwap provides asset borrowing and lending services through Kashi Lending, allowing users to create lending markets with variable interest rates based on supply and demand.
6.New Token Launch (MISO) is SushiSwap's platform that helps new projects launch their tokens through various auctions. It provides tools and services to help projects reach the DeFi community and raise capital.
7. Custom financial product (BentoBox) is a cost-optimized asset storage that supports various DeFi applications. Optimize asset utilization and reduce transaction fees, facilitating financial applications.
These applications provide many opportunities and benefits to users and investors.