## What Is SushiSwap (Arbitrum)? [SushiSwap](https://coinmarketcap.com/currencies/sushiswap/) is a decentralized exchange ([DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex)) with an [AMM](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm) (automated market maker). It utilizes [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) to enable frictionless trading of different token pairs. Users can create their own token pairs and [provide liquidity](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens) to them. Initially a [fork](https://coinmarketcap.com/alexandria/glossary/fork-software) of UniSwap, another famous DEX, the exchange was one of the earliest to adopt the model of the automated market maker. It sparked a boom and later grew into one of the biggest exchanges in all of [DeFi](https://coinmarketcap.com/alexandria/glossary/defi). It is currently available on almost all [EVM](https://coinmarketcap.com/alexandria/glossary/ethereum-virtual-machine-evm)-compatible [layer-one blockchains](https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain) and multiple [layer-two](https://coinmarketcap.com/alexandria/glossary/layer-2) solutions for [Ethereum](https://coinmarketcap.com/currencies/ethereum/), [Arbitrum](https://coinmarketcap.com/alexandria/article/what-is-arbitrum-the-ultimate-guide-to-the-arbitrum-ecosystem) being one of them. SushiSwap targets DeFi traders and institutions looking for [permissionless](https://coinmarketcap.com/alexandria/glossary/permissionless) and [non-custodial](https://coinmarketcap.com/alexandria/glossary/non-custodial) trading. It has a more egalitarian [governance](https://coinmarketcap.com/alexandria/glossary/governance) approach than other exchanges. Its native token can be used for voting on governance proposals. One of the core products is the Bento Box, a token vault that generates yield for the capital deposited into it. Another important product is Kashi, a lending and [margin trading](https://coinmarketcap.com/alexandria/glossary/margin-trading) platform where anyone can create customized and gas-efficient markets for tokens. With MasterChef V2, the liquidity provision program, the exchange boasts over $1 billion in [TVL](https://coinmarketcap.com/alexandria/glossary/total-value-locked-tvl) at the time of writing. Finally, Miso provides projects with access to trading on the platform either through fixed price or dutch auction options. ## Who Are the SushiSwap Founders? Chef Nomi, the [pseudonymous](https://coinmarketcap.com/alexandria/glossary/pseudonymous) founder of SushiSwap, left the project not long after founding it. He passed management on to another pseudonymous developer, 0xMaki. Later, ownership switched again: that time to Sam Bankman-Fried, CEO of FTX, a [centralized exchange](https://coinmarketcap.com/alexandria/glossary/centralized-exchange-cex). ## When Did SushiSwap Launch? SushiSwap launched in August 2020. ## Where Is SushiSwap Located? As the exchange is mostly being worked on and developed by anonymous individuals, there is no centralized headquarter. ## SushiSwap Restricted Countries There is no information about possibly blocked or restricted countries on this exchange. ## SushiSwap Supported Coins List With its presence on almost all of the important [layer-one blockchains](https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain) and [layer-two](https://coinmarketcap.com/alexandria/glossary/layer-2) solutions, SushiSwap supports almost all [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) tokens on the market. ## How Much Are SushiSwap Fees? The exchange charges the industry standard of 0.3% for token swaps. ## Is It Possible to Use Leverage or Margin Trade on SushiSwap? Sushiswap offers Kashi, a lending and margin trading platform that uses a unique [isolated market](https://coinmarketcap.com/alexandria/glossary/isolated-margin) framework.