SushiSwap Exchange — Trade, Earn & Explore DeFi

A concise guide to using SushiSwap for swapping tokens, providing liquidity and farming yields.

What is SushiSwap?

SushiSwap is a decentralized exchange (DEX) built on Ethereum and multiple EVM-compatible chains that enables permissionless token swaps, liquidity provision and yield farming. It uses automated market maker (AMM) pools instead of order books: users trade against pooled liquidity provided by other users and in return pay small fees that are distributed to liquidity providers.

Key Features

Swap

Swap one ERC-20 token for another instantly with a few clicks. SushiSwap aggregates liquidity from multiple pools, offers price impact estimates and displays route optimization so you can see how your trade will execute.

Provide Liquidity

Deposit token pairs into liquidity pools to earn a share of trading fees. Liquidity providers receive LP tokens that represent their pool share and can be staked in farms to earn additional rewards.

Farms & Onsen

Stake LP tokens in yield farms (Onsen program) to earn SUSHI and partner rewards. Farms vary by chain and reward schedule — check APY and impermanent loss risk before staking.

Governance

SUSHI token holders can participate in protocol governance and influence decisions, such as fee allocation, integrations and development direction.

How to Trade on SushiSwap (Step-by-step)

Connect a web3 wallet (MetaMask, WalletConnect, or a supported hardware wallet).
Select the token pair you want to swap and enter the amount.
Review price impact, minimum received and network fees. Optionally set slippage tolerance if trading volatile tokens.
Approve the token if it’s your first time using it, then confirm the swap in your wallet.
Wait for on-chain confirmation — your new token balance will appear once the swap is mined.

Tip: For large trades, check route and slippage; for new tokens, verify the contract address to avoid scams.

Benefits & Risks

Benefits: non-custodial access to liquidity, broad token availability, composable DeFi integrations and community governance. Risks: smart contract vulnerabilities, impermanent loss for LPs, rug pulls with unverified tokens, and network congestion (high gas fees on some chains).

Practical Tips

Start with small amounts when interacting with new pools or farms.
Keep gas optimization in mind — consider using SushiSwap on layer-2 or alternative chains for lower fees.
Use official contracts and verify tokens via explorers before approving transactions.
Track positions using your wallet or portfolio trackers and periodically harvest rewards.

Frequently Asked Questions

Is SushiSwap custodial? No — you always control your keys and funds via your wallet. SushiSwap only facilitates on-chain trades and contracts.

How are fees distributed? A portion of swap fees is routed to liquidity providers; protocol-owned liquidity or treasury allocations depend on governance settings.