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DeFi Ethereum

How Sashimiswap uses SASHIMI token

Sashimiswap token summary (SASHIMI). Sashimiswap is an Automated Market Maker developed by aelf. It’s Sushiswap minus the developer fund.

Reminder: Many recent DeFi protocols are untested. Be careful interacting with these in any way.

What is Sashimiswap?


Sashimiswap is an Automated Market Maker developed by aelf.

It’s not a fork of Sushiswap although it shares a lot of game theory.

Aelf is lauching AEswap simultaneously and will focus on creating a permissionless and decentralized cross-chain DEX with SashimiSwap and AESwap.

Features

  • No pre-mine.
  • No developer fund.
  • 0.3% transaction fee.
  • 0.25% used to reward users for adding liquidity.
  • After the aelf mainnet is launched, the remaining 0.05% will be sent to SASHIMI DAO contract, which will all be used for community governance.

Sashimiswap uses a version of the YAM frontend.

SASHIMI token is used for


  • Governance of the SASHIMI DAO.
  • Governance of the treasury.

SASHIMI tokenomics


When you deposit a token-pair on Uniswap you get UNI-V2-LP tokens that represent that liquidity.

UniSwap liquidity providers can stake those LP tokens on Sashimiswap and earn Sashimi.

  • Issuance starts at block 10,833,000.
  • First 100 000 blocks issuance will be 1000 SASHIMI tokens every block.
  • 100 SASHIMI tokens will be created every block after that.
  • Tokens are distributed to the stakers of each of the supported pools.

Initials Pools

  • SASHIMI-ETH – Boosted issuance
  • ELF-ETH – Boosted issuance
  • ELF-SASHIMI – Boosted issuance
  • ETH-USDT
  • USDC-ETH
  • DAI-ETH
  • YFI-ETH
  • LEND-ETH
  • LINK-ETH
  • SNX-ETH
  • WBTC-ETH

Liquidity providers on Sashimiswap

Earn

  • Provide liquidity into a pool and earn SASHIMI.
  • Earn trading fees.

0.3% trading fees:

  • 0.25% to liquidity provider.
  • 0.05% will be added to the SASHIMI DAO when aelf mainnet is live.

More in this post.

Token issuance


Current supply

Issuance starting at block 10833000.

Ethereum blocks per day: ~5500

100 000 blocks x 1000 SASHIMI = 100 000 000 SASHIMI

100 000 / 5500 = 18,18

The first ~18 days.

100 000 000 SASHIMI

Then per day

5500 x 100 = 55000 SASHIMI / day

Inflation year 1

365 – 18 = 347

347 x 55000 = 19 085 000

100 000 000 + 19 085 000 = 119 085 000 SASHIMI

Docs


Contracts

Frontend

What’s the story?


  • DeFi Hype
  • Uniswap with incentive mechanisms
  • Inter-Blockchain Communication together with aelf
  • Fair token launch

Competition


SASHIMI price


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