Get the SUSHI Token and Safely Secure it on Numio

Jiro Dreams of Sushi, and so do we. Sushiswap is a fork of the Uniswap protocol. Recently rebranded to just ‘Sushi’, Sushiswap is an automated market maker and decentralized exchange that runs on Ethereum. It allows users to trade crypto with liquidity pools rather than having to go through a centralized operator.

It also provides significant rewards to users who stake their crypto as liquidity, and overall offers a gamified experience to its ‘chefs’ (LPs). As a more ‘fun’ version of Uniswap, it has successfully won over many of that protocol’s users – although both protocols have grown significantly since its inception, and many argue $SUSHI’s success has had a hugely positive impact on Uniswap’s growth trajectory.

A Brief History of $SUSHI and Sushiswap

Sushiswap has a more dramatic history than most cryptocurrencies, full of conflict, drama, betrayal and reconciliation. Created by ‘Chef Nomi’, an anonymous individual or group, it copied Uniswap’s code and then bootstrapped the protocol from funds collected in a liquidity pool on Uniswap itself, via a process called a ‘vampire attack’ (alternatively: ‘zombie mining’).

It attracted funds to the pool by offering a liquidity provider token – the eponymous $SUSHI – which was successful in attracting investors by promising to give holders a portion of the AMMs revenue, and through liquidity mining farms. It was so successful, in fact, that Uniswap rushed to create and airdrop their own LP token, $UNI. Once Sushiswap was ready to launch, the liquidity pool on Uniswap was then ported to Sushiswap.

However, during this move, roughly $14 million in crypto was sold by Chef Nomi. Whether this was the point of the whole operation all along, or whether the founder got piggy eyes and just couldn’t help guzzling from the trough once it was full, no one knows.

However, Chef Nomi, whether through guilt or fear or remorse, eventually returned all the tokens and surrendered the keys to the Sushiswap contract to FTX CEO Sam Bankman-Fried, who turned the contract into a multi-sig and promised to run Sushi through its community of holders; a promise enacted by handing control over to prominent Sushiswap community members. A happy ending indeed to this seesaw tale, and one that has meant Sushiwap and the $SUSHI token continues to be a popular, and growing, DEX to this day. Now, Sushi is one of the most active community governed projects in crypto!

What Does Sushi Do?

Since its dramatic beginnings, Sushi has evolved into a reliable and popular DEX with a host of DeFi features. DeFi ‘chefs’ who use the protocol can stake their $SUSHI in a myriad of pools that offer different levels of yield. It also recently launched its own newspaper, which as well as providing up-to-date crypto news, also lists local Sushi restaurants!

Sushi has also expanded its offerings to include both lending and borrowing through its ‘Kashi’, a ‘BentoBox’ chock full of apps to help trade on-chain in a gas efficient manner, and the ‘Onsen’, an incubator for new DeFi apps that offers staggering yields to Sushi liquidity providers. When staking within the protocol itself (rather than the farms it provides), Sushi holders can also get hold of $xSUSHI, which allows you to abstract some of the revenue generated from the protocol, 0.05% to be exact.

The core Sushi product still remains. $SUSHI holders can provide their sushi tokens to liquidity pools to help facilitate decentralized on-chain swaps and earn a handsome yield for doing so. The Sushi ecosystem supports over 20 wallets, 14 chains and currently registers over 150 thousand holders of the token who, combined, stump up over $5.5 billion worth of liquidity to the protocol.

Sushi is a fun, gamified DEX and set of DeFi farms with a gorgeous interface and a proud and resilient community that has stood by their favored food themed market maker even through turbulent times. As a route into DeFi, it’s one of the more compelling DEXs available in the ERC-20 ecosystem.

How can I get SUSHI?

Getting SUSHI is easy on Numio. You can use your credit or debit card to purchase ETH or USDC, which can then be exchanged for SUSHI*, you can swap or trade it for other ERC-20 tokens (up to 100x cheaper than other wallets), and you can send or receive it as a payment. Whatever way you choose you can be sure that you are always in full control of your SUSHI.

*direct SUSHI purchases coming soon.

How can I get SUSHI?

Getting SUSHI is easy on Numio. You can use your credit or debit card to purchase ETH or USDC, which can then be exchanged for SUSHI*, you can swap or trade it for other ERC-20 tokens (up to 100x cheaper than other wallets), and you can send or receive it as a payment. Whatever way you choose you can be sure that you are always in full control of your SUSHI.

*L2 trades for other tokens coming soon