SushiSwap is a decentralized exchange that allows anyone to trade ERC-20 based cryptocurrencies on compatible blockchains protocols like Yearn Finance, Cream, AAVE, Binance Smart Chain, Polkadot etc.
The advantage of using SushiSwap Clone script is that it is built by Blockchain developers who have worked on 100+ unique projects in the Fintech, NFT and supply chain management systems.
SushiSwap Clone Script brings the best of all the DeFi products such as DeFi lending, yield farming, etc. Across various ERC-20 blockchain protocols. Using this Sushiswap clone script, you can start a full blown SushiSwap platform within 24 hours.
Most of the functionalities have been thoughtfully designed to make it easier for both first timers and pro traders to buy / sell cryptocurrencies.
What makes the SushiSwap Clone Script unique?
The Decentralized cryptocurrency exchange software is built with the option of running on any protocol once customized. The popular protocols that the decentralized exchange integrates with can be extended to build other DeFi apps on top of it. Essentially opening up the ecosystem. This clone script harnesses the blockchain’s powerful capabilities to scale.
How do you make money with SushiSwap Clone Script?
As an administrator, it is easy to make money on autopilot as the platform charges transaction fee, market maker fee etc.
Market Maker Fee: For every trade done on the platform, a market marker fee is charged and added to the administrator’s wallet.
Transaction Fee: Every DeFi transaction or withdrawal would attract a transaction fee.
Staking Rewards: The platform also receives a certain portion of staking rewards that is sent to the user and these staking token can also be listed on the exchange.
How does the SushiSwap Clone Script work?
Since the buying flow of cryptocurrencies are familiar on the platform, we will explain How to stake a cryptocurrency on the SushiSwap Clone Script
Step 1: The user should already hold a Metamask Crypto Wallet, they would then connect the wallet to the platform.
Step 2: Once the wallet is connected, the supported cryptocurrencies that can be staked are shown on the page.
Step 3: They will choose the appropriate crypto for staking and enter the quantity / duration that they’d like to stake.
Step 4: The platform will show the APR and other information on how much they will earn, the frequency of earning and the total return.
Step 5: After the user agrees to the term and clicks “Stake Now”. The tokens are transferred from the protocol and locked into the network.
What are the features of the SushiSwap Clone Script?
Some of the features of SushiSwap Clone Script are:
The exchange is completely decentralized where the price of the cryptocurrencies sold aren’t controlled by a single central authority or the platform owner. All the prices are automatically decided based on the demand & trades being done on the platform. Everything is handled by smart contracts that work behind the scenes without human intervention.
Suite of DeFi Services
DeFi services like Lending & borrowing, Instant Cross-border money lending, Staking, Yield Farming dApp Capability etc.
Automated Market Making
Automated Market Making is the capability of the DEX exchanges that pool liquidity from users and automatically price the cryptocurrency assets within the liquidity pool using algorithms.
Cross-Chain Compatible (Optional customization)
Certain blockchains like Binance, Smart Chain and Polkadot offer Cross chain Compatibility where in the native cryptocurrencies and crypto tokens created on special protocols like ERC-20, BEP-20, TRX-20 etc can be traded on the exchange.
Issues Liquidity Token
Every time liquidity is added the liquidity provider is rewarded with a reward token.
The Clone script taps into the blockchain’s smart contract backed lending functionality to offer DeFi lending.
The script can be configured to offer tiered staking for investors based on the quantity of tokens they would like to stake. Their reward percentage would be based on the tiers.