How to Build an Ethereum-based DeFi platform like Sushiswap?

SushiSwap is a decentralized platform built on the Ethereum blockchain. It lets its users’ swap, earn, stack yields, lend and borrow. The platform has its ERC20 token, called SUSHI, which is mainly used for staking and earning rewards.

SushiSwap has gained significant popularity as a DeFi platform. According to The Block, SushiSwap earned a revenue of $32.64 billion in December 2021. The popularity and success of SushiSwap have encouraged various businesses to launch a DeFi platform akin to SushiSwap. This is when a SushiSwap clone script is seen as an ideal option.

What is a Sushiswap Clone?

SushiSwap clone is a replica of the SushiSwap platform. SushiSwap clone script includes all of the modules and features of the SushiSwap platform packed into a platform that can be launched under any brand name.
Building a platform similar to SushiSwap helps businesses to launch an already-popular and sought-after platform that can replicate the success of SushiSwap and help them unlock new revenue streams.

SushiSwap Clone Protocols

The SushiSwap clone includes the following:

• Exchange
  SushiSwap Exchange is a decentralized exchange that enables fast and easy trading of cryptocurrencies. SushiSwap is an active exchange platform that makes use of mathematical problems to automatically give you price quotes for the tokens needed to swap.

When users exchange cryptocurrencies on SushiSwap Exchange, they rely on the formula that runs and handles the processes for them.

• Yield Farming
  SushiSwap yield farming platform enables users to add liquidity to any branch of the platform, allowing the platform to be more efficient. Its own crypto exchange (SushiSwap), lending market (Kashi), and staking derivatives (xSUSHI) deliver a combined yield farming experience by “stacking” these three yields in simple processes.
• Staking
  SushiSwap staking platform enables users to stake SUSHI coins and earn xSUSHI in return for voting rights in addition to a fully composable token that can interact with other protocols.
• Lending
  The Sushiswap is believed to deliver lending features similar to Compound and Aave. The product paves the path for risk-isolated lending pairs. It allows the user to create new lending pairs as per the need of the user.

Features of SushiSwap

Building a decentralized exchange platform comparable to SushiSwap has several unique functions.

• Rebalancing pool ratio
• Fully decentralized
• Automated market process
• Initial liquidity
• Offers 100% customization
• Profit-oriented business strategy
• Dedicated DEX platform based on smart contracts
• Community profit sharing model
• Offer a symbolic price

Pros of SushiSwap Clone Script

A decentralized exchange platform creation brings SushiSwap with many unique characteristics.

• Liquidity Proposal Awarded: SUSHI tokens are awarded to cryptocurrency investors providing liquidity to a liquidity pool. Sushi tokens are used to supply liquidity.
• No KYC Policy: Facilitates unlicensed exchange and allows any crypto trader to participate in liquidity pools.
• SushiSwap business concept: SushiSwap offers to split the fees or profits collected among the liquidity provider and Sushi tokens as they are converted back into SUSHI.
• Community Profit Sharing Model: The AMM Profit Sharing Model is used by all participants in the SushiSwap network.

Why Launch Your DeFi Exchange Like Sushiswap?

The following are the reasons why it is beneficial to launch your DeFi exchange like SushiSwap :

• Integrated production
• Sortable table
• Give priority to bug fixes
• Weekly menu bar
• Limited relayer bots
• Improved profile
• Chrome compatible plugin

Conclusion

The increasing popularity and acceptance of SushiSwap has resulted in many businesses developing a DeFi platform like SushiSwap to replicate its success and create new revenue streams.

If you are planning to build a DeFi platform akin to SushiSwap, Antier Solutions can help. We offer a world-class SushiSwap clone script fortified with all of the features and modules of the SushiSwap platform. Our seasoned blockchain engineers and domain experts create a coherent roadmap to navigate and accelerate the development process so that you can quickly launch your exchange into the market.

Connect with our subject matter experts to share your needs for a SushiSwap clone.