## Bancor (BNT) کیا ہے؟

Bancor اسمارٹ معاہدات کی ایک سیریز پر مشتمل ہے جو ٹوکن کی آن-چین تبدیلی کا انتظام کرتا ہے۔ یہ پروٹوکول کسی ایکسچینج کے بغیر، ٹوکن کی تبدیلی کو فوری، اور آسان بناتا ہے۔ اس پروٹوکول کے اسمارٹ معاہدات لیکویڈیٹی پُولز کی تنظیم کرتے ہیں، جو نیٹ-ورک میں دستیاب مختلف ٹوکنز کو آپس میں جوڑ دیتے ہیں۔

نیٹ-ورک پر استعمال ہونے والا بڑا ٹوکن "Bancor نیٹ-ورک ٹوکن" BNT ہے۔ فی الحال، اس نئے DeFi رجحان کے لیے Bancor اور Uniswap (یونی-سویپ) سب سے آگے ہیں۔

### Bancor کے بانی کون ہیں؟

Bancor کی بنیاد Eyal Hertzog، اور Yudi Levi نیز Galia and Guy Benartzi نے سَن 2017 میں رکھی تھی۔ اسے John Maynard Keynes کے اعزاز میں "Bancor" کا نام دیا گیا، جنہوں نے 76 سال پہلے ایک مافوق الوطن کرنسی کو اس لفظ سے موسوم کیا تھا۔

**Eyal Hertzog** پروٹوکول BNT، اور نیٹ-ورک کو استعمال کرنے والی دیگر مصنوعات کے پروڈکٹ آرکیٹیکٹ ہیں۔ وہ کریپٹو صنعت میں ایک جانی پہچانی آواز ہیں، نیز 20 سال سے زیادہ عرصے پر مُحیط، ٹیکنالوجی کے میدان میں موجود ایک کاروباری شخصیت بھی ہیں۔ پہلے اُنہوں نے MetaCafe کی بنیاد رکھی، جو اسرائیل میں موجود 50 ملین سے زیادہ صارفین کے زیر استعمال ویڈیو شیئرنگ کی سب سے بڑی سائٹ ہے۔

**Guy Benartzi** Bancor کے چیف ایگزیکٹو ہیں۔ اُنہوں نے سن 2005 میں Mytopia کی مشترکہ بنیاد بھی رکھی۔ یہ کمپنی سوشل نیٹ-ورکس پر صارفین کے لیے کراس-پلیٹ-فارم گیمز تیار کرتی ہے۔

1Galia Benartzi1 کئی سال سے ٹیکنالوجی کے میدان میں موجود ایک اور کاروباری شخصیت ہیں۔ وہ Bancor پروٹوکول کی شریک بانی ہیں۔ یہ خاتون Bancor میں بزنس ڈویلپرہیں۔ وہ Particle Code (پارٹیکل کوڈ) کی CEO، اور بانی بھی ہیں۔

**Yudi Levi** بنکور میں CTO ہیں۔ وہ 20 سال سے زیادہ عرصے سے ٹیکنالوجی کے شعبے سے وابستہ ہیں۔ پہلے پہل اُنہوں نے AppCoin کی مشترکہ بنیاد رکھی۔ یہ ایک ایسی ایپ ہے جو کمیونٹیز (communities) کو اپنی کرنسی بنانے کی استعداد دیتی ہے۔

### کیا چیز Bancor کو منفرد بناتی ہے؟

Bancor نیٹ-ورک میں استعمال ہونے والے ٹوکنز کو رواں تبدیلی کے قابل بناتا ہے۔ اس سے ایکسچینج یا تھرڈ پارتی پلیٹ فارمز کی ضرورت ختم ہو جاتی ہے۔ یہ پروٹوکول بذریعہ نیٹ-ورک تعاون-یافتہ ٹوکنز کے لیے کئی خود مختار پولز کو بھی برقرار رکھتا ہے۔

Bancor کی انفرادیت اس کے اپنے مقصد سے واضح ہے کہ وہ altcoins کے لیے لیکویڈیٹی پیدا کرے، تیز لیکویڈیٹی فراہم کرنے والوں کو معاوضہ دے۔ یہ پروٹوکول یکسر مختلف کرپٹو ٹوکنز کو ایک ہی ڈھنگ سے دوسرے ٹوکنز میں تبدیل کرتا ہے۔ اس دائرہِ کار میں دوسرے پلاچینز پر چلنے والے ٹوکنز کسی تیسرے فریق کی مداخلت کے بغیربھی شامل ہیں۔

BNT، پروٹوکول کا مرکزی ٹوکن، نیٹ-ورک پر بنائے گئے تمام سمارٹ ٹوکنز کے لیے ڈیفالٹ کی حیثیت رکھتا ہے۔ Bancor کی جانب سے سمارٹ ٹوکنز کی تخلیق بلاک چین ٹیکنالوجی کے ذریعے بنائی جانے والی اپنی نوعیت کی واحد تخلیق ہے۔ سمارٹ ٹوکنز بنانے کے لیے پروٹوکول کا بنیادی مقصد لیکویڈیٹی کے مسائل کا پائیدار حل فراہم کرنا ہے، اور یہی خصوصیت اسے دیگر مارکیٹ سازوں سے مختلف بناتی ہے۔

### کُل کتنے Bancor (BNT) کوائنز گردش مین ہیں؟

جنوری میں، Bancor نے اپنے مقامی ٹوکن کو مزید لیکویڈیٹی اور آگاہی فراہم کرنے کے لیے ایک چال چلی۔ لہذا، اس نے $60,000 مالیت کے کچھ ETH/BNT کو ایسے مختلف والیٹس میں تقسیم کر دیا، جن میں BNT کی تعداد کم سے کم طلب کے مُطابق موجود تھی۔ سن 2017 میں، پروٹوکول نے اپنے ابتدائی کوائن کی پیشکش کے دوران $144M سے زیادہ پر مشتمل رقم کا اضافہ کیا۔

یہ پروٹوکول دوسرے ٹوکنز کو ختم کرنے کی اجازت بھی دیتا ہے۔ تاہم، اس ٹوکن کو (جسے ریزرو ٹوکن بھی کہا جاتا ہے)، ERC-20 یا EOS معیاروں سے مُطابقت رکھنی چاہیے۔

Bancor ایکو سسٹم دو طرفہ ٹوکن ماڈل کی حمایت کرتا ہے: مائع ٹوکن اور ریلے ٹوکن۔

**مائع ٹوکن** ایک خودکار ٹوکن ہے جس میں ’’ریزرو‘‘ صرف ایک ہوتا ہے جو خود کو مِنٹ اور تباہ کر دیتا ہے۔ یہ یا تو اس کے اپنے اسمارٹ معاہدے پر ریزرو ٹوکن بھیج کر، یا ریزرو ٹوکن اس پر سے ہٹا کر ایسا کرتا ہے۔ Bancor نیٹ-ورک کو استعمال کرنے کے لیے، مائع ٹوکن والے ریزرو ٹوکن کو یا تو BNT میں، یا پھر BNT کے کسی ڈیریویٹو میں ہونا چاہیئے۔

دوسری جانب، **ریلے ٹوکن** ، لیکویڈیٹی فراہم کرنے کے لیے اسٹیکنگ میں استعمال کیا جاتا ہے۔ Bancor کے ٹوکن ہولڈرز کو، مستقبل میں ہونے والی کمائی کا کُچھ فیصد حصّہ ملے گا۔ ریلے ٹوکنز، پول میں اسٹیک کی گئی رقم کا تناسب، بالمُقابل کُل قدر، کی نشاندہی کرتے ہیں۔

### Sandbox نیٹ-ورک کو کیسے محفوظ بنایا جاتا ہے؟

اس پروٹوکول کا سمارٹ ٹوکن، نیٹ-ورک پر موجود پولز کے لئے، ٹریڈرز کو لیکویڈیٹی فراہم کرنے کی استطاعت دیتا ہے۔ کوئی بھی فرد لیکویڈیٹی کو پوُلز میں ڈالنے کے لیے حصّے دار بن سکتا ہے۔

جب لیکویڈیٹی کے فراہم کنندگان پول میں لیکویڈیٹی ڈالتے ہیں، تو وہ پول میں ہونے والی تجارت کے لیے انعامات کے اہل بھی قرار پاتے ہیں۔ لیکویڈیٹی فراہم کرنے والوں کو ان کے حصص کے مُطابق ایک مخصوص فیصد تناسب میں پول ٹوکن ملیں گے۔

### آپ Bancor نیٹ-ورک ٹوکن (BNT) کیسے خرید سکتے ہیں؟

یہ الفاظ ضبط تحریر میں لاتے وقت تک، Bancor $2 بلین سے زیادہ تجارت کی سہولت فراہم کر چُکا ہے، جس میں متعدد ٹوکنز کے ساتھ ساتھ کراس-چین ٹوکنز بھی شامل ہیں۔ اس نیٹ-ورک نے اسٹیکنگ کے ذریعے لاکھوں کمائے ہیں، جنہیں BNT ٹوکن پر اسٹیک کرنے والوں میں تقسیم کیا جاتا ہے۔ BNT کی حمایت کرنے والے متعدد ایکسچینجز میں [Binance](https://coinmarketcap.com/ur/exchanges/binance/)، Coinswitch اور ZenGo شامل ہیں۔ BNT اور دیگر کریپٹو کرنسی کیسے خریدی جائے؟ مزید معلومات آپ [یہاں](https://coinmarketcap.com/alexandria/categories/blog) سے حاصل کر سکتے ہیں۔

Bancor

Impermanent Loss: What Is It and How Can I Reduce Its Impact?

Crypto Outperforms Traditional Markets With DEX Tokens Leading the Way: A Data Perspective by IntoTheBlock

Binance

Ledger

Coinbase

Trust Wallet

MetaMask

SolFlare

Backpack

Phantom

Atomic wallet

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Pepe

Adventure Gold

Liquity

Heroes of Mavia

Frontier

LeverFi

StormX

Locus Chain

FLEX

ATOR Protocol

Renzo

R-DEE Protocol

GG MetaGame

Hippo Wallet Token (HPO)

WadzPay Token

sudoswap

0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the many different blockchains (including Ethereum) without relying on centralized intermediaries. It is a protocol for decentralized exchange.

0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products.

The protocol is used by companies building web3 apps such as wallets, DEXes, portfolio trackes, and others. It is a used by hundreds of developers for their projects. The protocol has facilitates over $200B in trading volume since its inception. One can track its usage in its dedicated https://explorer.0x.org/.

The protocol is powered by an ERC20 governance token known as ZRX. ZRX holders can participate in protocol governance, having direct power over protocol changes and its community treasury.

0x Protocol

Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.

To learn more about this project, check out our deep dive of Ren.

Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.

The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.

Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.

Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools.

To learn more about this project, check out our deep dive of Balancer(https://coinmarketcap.com/alexandria/article/what-is-balancer.

The protocol operates a few types of pools:

Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner.

Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs).

Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool.

Balancer

UMA was founded in 2018 by Allison Lu and Hart Lambur, two ex Goldman Sachs traders, with the goal of making global markets universally fair, accessible, secure and decentralized.

The team drew inspiration from traditional finance derivatives to define an open-source protocol to allow anyone, anywhere, to design and build trustless financial contracts.

OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network.

The network is based on a novel scaling solution called MoreViable Plasma, which uses a sidechain architecture to group several transactions off-chain into a batch, which can then be verified as a single transaction on the Ethereum root chain. According to OMG Network, this technology has the potential to scale Ethereum to thousands of transactions per second (TPS) — instead of the 10 to 14 tps Ethereum 1.0 is currently capable of.

The network is powered by the OMG utility token, which can be used as one of the payment methods for fees on the OMG Network, and will eventually be stakable — helping to secure the network in return for rewards.

OMG Network

Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.

By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more.

Band Protocol initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role.

BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the main medium of exchange on BandChain — being used to paying for private data.

Band Protocol

Orchid (OXT) is the native token of Orchid, a cryptocurrency-powered virtual private network (VPN).

Launched in December 2019, Orchid describes itself as the world’s first incentivized, peer-to-peer privacy network.

Its aim is to overcome internet freedom limitations by using cryptocurrency payments to allow anyone to purchase bandwidth from any participating provider. This is done using so-called probabilistic nanopayments, which occur using OXT, an ERC-20 standard token on Ethereum.

Regular payments to providers occur off-chain, allowing Orchid to avoid problems with congestion and gas fees on the Ethereum network.

The service is pay-per-use, meaning that users only have to contribute funds when they actually connect, instead of paying monthly or annual fees.

Orchid

Civic is a blockchain-based identity management solution that gives individuals and businesses the tools they need to control and protect personal identity information.

The platform is designed to change the way we think about identity verification by giving users more control over their personal data, while allowing them to access a wide range of services without needing to fork over excessive amounts of personal information.

Civic's identity verification solution uses distributed ledger technology to authorize identity usage in real time, and is used to sparingly share information with Civic partners after authorization by the user.

Unlike some other identity management services, Civic users store all their sensitive data on their mobile device. Users are able to authorize the sharing of specific personal data by providing a biometric signature through the Civic app.

The Civic ecosystem is enabled by a unique utility token known as the Civic token (CVC), which is used for the settlement of identity-related transactions between Civic participants — such as between a customer and service provider.

Users can earn CVC tokens for completing a variety of tasks, such as signing up for a service through the platform or introducing new users, while validators can earn CVCs for validating documents for service providers.

Civic was launched in 2018, following a sell-out initial coin offering (ICO) the year prior.

Civic

Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.

To learn more about this project, check out our deep dive of Compound.

When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.

Compound

Storj, pronounced as “storage,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption.

In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform.

Two years later, an updated white paper was published. Here, a decentralized network  — connecting users who need cloud storage space with those who have hard drive space to sell — was described. The platform was launched in late 2018.

People with hard drive space and good internet connectivity can participate in the network. They become a unit in the network, called a node. Space providers are rewarded by Storj tokens.

Storj

Augur

Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.

Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.

Launched in February 2020, the service, formerly known as iEarn, has seen huge growth in recent months as new products debuted and developers released in-house token YFI.

yearn.finance

Ontology is a project designed to bring trust, privacy, and security to Web3 through decentralized identity and data solutions. It is building the infrastructure to provide trusted access to Web3, allowing individuals and enterprises to rest assured that through regulatory compliant digital identity solutions, users and their privacy come first.

The Ontology blockchain is a high speed, low cost public blockchain. It is designed to bring decentralized identity and data solutions to Web3, with the goal of increasing privacy, transparency, and trust. To achieve this, users and enterprises are provided with the flexibility to build blockchain-based solutions that suit their needs, while also ensuring regulatory compliance. Through Ontology’s Ethereum Virtual Machine (EVM), Ontology ensures frictionless compatibility with Ethereum, the first step in the creation of the Ontology Multi-Virtual Machine and further interoperability for the chain.

At its launch, Ontology chose to forego the popular initial coin offering (ICO) model in favor of a series of community distributions and airdrops of its ONT cryptocurrency.

This helped to quickly establish both organic price discovery and a passionate community and helped the project to avoid subsequent regulatory scrutiny.

For example, for a brief period any person who signed up for the Ontology newsletter received an airdrop of free 1,000 ONT, which reached a value of $10 per token soon after the token became listed on major exchanges like Binance.

Ontology launched its own MainNet on June 30, 2018 and has been up and running smoothly since.

Ontology

Aragon

Apps use ICON to operate cross-chain seamlessly, build momentum and gain reputation. ICON's Cross-Chain Framework simplifies cross-chain development with its easy-to-use xCall messaging standard and connections to secure bridging protocols.

ICON

Origin Protocol is one of Ethereum’s longest-standing DeFi projects, featuring a multichain feature set that unlocks vast opportunities for yield generation across the space. Origin’s products are built to be permissionless and composable, allowing for deep integration with novel primitives. All of Origin’s products streamline rewards to OGN stakers, cultivating a sustainable, user-first offering.

At its core proposition, Origin features:

Capital efficiency: Origin’s liquid staking products, Origin Ether and Origin Dollar, empower users to earn yield while retaining full capital control. The protocol’s unique Automated Redemption Manager (ARM) serves as a key liquidity hub for LST redemptions.

Vast composability: OETH’s robust peg and interoperability makes it an ideal building block for innovative DeFi strategies.

Broad access: Origin’s diverse integrations with partners such as EigenLayer and Pendle Finance, cater to power users and new entrants alike. Origin is built on core principles of seamless usability, cultivating one of the smoothest user experiences in the space.

Some of Origin Protocol’s key elements include:

Origin Ether (OETH): OETH is a leading liquid staking token that harnesses battle-tested mechanics to maintain a strong peg and vast composability for users. Users can mint OETH by depositing reserves of ETH. This ETH is staked to the Beacon Chain, with staking rewards distributed to users. OETH boasts broad DeFi integrations on ETH and leading Layer-2 networks.

Origin Dollar (OUSD): OUSD is a yield bearing stablecoin fully collateralized by reserves of USDT, USDC, and DAI. Users can deposit these stablecoins to mint OUSD, which generates yield. OUSD’s rebasing model automatically distributes rewards to holders’ wallets, removing the need for lockups and claiming rewards.

Automated Redemption Manager (ARM): The ARM is a groundbreaking platform that bolsters liquidity for redeemable assets, such as LSTs and LRTs. Users can take advantage of rapid redemptions for seamless swaps between leading LSTs and ETH with zero slippage.

Some of its key highlights include:

Versatile Utility: Origin’s product suite is deeply integrated across DeFi, allowing users to harness innovative instruments and opportunities. Origin Ether, for instance, is deeply integrated with the likes of Pendle and EigenLayer. Users can also take advantage of wOETH on leading L2 networks to explore more platforms and yield generating positions.

Transparent, best-in-class security: Both OUSD and OETH boast battle-tested, open-source codebases. Origin’s products have been rigorously audited by leading firms, including OpenZeppelin. Origin’s yield-generating products deliver yields without compromising on security, and feature rich analytics dashboards for users to monitor treasury flows and allocations.

Protocol Governance: Users can stake OGN for up to a year in exchange for non-transferable xOGN. xOGN accrues yield from a share of protocol fees earned by Origin’s products. xOGN holders can submit proposals, vote on active submissions, and vote on treasury allocations. This symbiotic structure creates a sustainable, rewarding governance system that upholds the core principles of decentralization.

World class team and investors: The project is led by serial entrepreneurs Matthew Liu and Josh Fraser, and seasoned team members from leading tech firms including PayPal, YouTube, Google, DropBox, etc. Origin has received backing from top investors such as Pantera Capital and Foundation Capital, as well as from individuals like Steve Chen, the founder of YouTube, and Alexis Ohanian, co-founder of Reddit.

Origin Protocol

Basic Attention Token, or BAT, is the token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while providing advertisers with a better return on their ad spend.

To learn more about this project, check out our deep dive of Basic Attention Token.

This experience is delivered through the Brave Browser, where users can watch privacy-preserving adverts and receive BAT rewards for doing so. On the other hand, advertisers can deliver targeted ads to maximize engagement and cut down losses due to ad fraud and abuse.

The Basic Attention Token itself is the unit of reward in this advertising ecosystem, and is exchanged between advertisers, publishers and users. Advertisers pay for their advertising campaigns in BAT tokens. Out of this budget, a small portion is distributed to advertisers, while 70% is distributed to users — whereas the intermediaries that typically drive up advertising costs are cut out of the equation to improve cost-efficiency.

Basic Attention Token launched in 2017 following one of the fastest sell-out initial coin offerings (ICOs) of all time, with the platform raising a total of $35 million in under a minute. Since then, it has rolled out its attention-based advertising experience to users in most countries through its Brave Rewards program.

As of November 2020, the United States, the United Kingdom and Canada had the most active advertising campaigns.

Basic Attention Token

Qtum (pronounced ‘“quantum”)  is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoinand Ethereumin one chain. Qtum is built on Bitcoin's UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications. As of March 2021, there are more than 20 tokens created on the Qtum blockchain.

To learn more about this project, check out our deep dive of Qtum.

The project was announced in March 2016 and held an ICO a year after, in March 2017, which brought its founders $15 million USD. The Qtum main chain was released on Sept.13, 2017. Initially, the Qtum coin was issued as a ETH-20 token, but with the launch of the mainnet, it was converted to native blockchain.

Qtum

Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.

Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.

In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects.

Curve DAO Token

SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.

SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.

SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.