SUSHI Risk

SUSHI (SUSHI)
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DESCRIPTION

SushiSwap is a decentralized exchange (DEX) built on the Ethereum blockchain that allows users to trade cryptocurrencies and participate in yield farming and liquidity provision. It was launched in 2020 as a fork of the popular decentralized exchange, Uniswap.

SushiSwap introduced a unique feature called "yield farming" that incentivizes users to provide liquidity to the platform by earning additional tokens as rewards.SushiSwap operates on an automated market maker (AMM) model, which uses liquidity pools and smart contracts to facilitate token swaps without the need for intermediaries. Users can trade their tokens directly from their wallets and also participate in providing liquidity to the platform by depositing their tokens into specific pools. In return for providing liquidity, users receive SUSHI tokens, the native cryptocurrency of SushiSwap, which can be used for governance, staking, and additional rewards.
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SUSHI (SUSHI) : https://docs.sushi.com/pdf/whitepaper.pdf
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RISKS OF SUSHI

Any investment in cryptocurrency and digital assets, such as SUSHI, can include the following general risks:(i) volatility risk and liquidity risk(ii) short history risk(iii) demand risk(iv) forking risk(v) code defect risk(vi) regulatory risk(vii) electronic trading risk(viii) cyber security risk

For additional information of risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc Services Risk Statement. In terms of specific risks, as SUSHI is one of the longest-standing crypto assets and its community base is widely decentralized, there is no central working group or authority to disclose material information to the public regarding SUSHI. Please note that these risks and the associated summaries or overviews provided for each herein are not intended to be a complete overview of all such risks and, in addition, there may be other risks that come with exposure to SUSHI. We encourage all users to perform their own due diligence to assess the risks associated with SUSHI and to determine whether this level of risk is acceptable to them. Neither SUSHI nor Satstreet guarantees the value of SUSHI, and holders of SUSHI will not have any recourse to SUSHI or Satstreet if the value of SUSHI declines for any reason whatsoever.

SATSTREET EVALUATION OF SUSHI

Satstreet Inc. has reviewed and assessed SUSHI prior to making it available through our services and has concluded that SUSHI is not a security or derivative under Canadian securities legislation; however, there is a risk that this conclusion could change in the future and that, in such event, Satstreet will be required to halt, suspend, and then remove SUSHI from its platform as described in the Satstreet Inc. Services Risk Statement.

Further, as indicated above, no Canadian securities regulatory authority has expressed an opinion about SUSHI, including an opinion that SUSHI is not itself a security and/or derivative. Based on publicly available information Satstreet has reviewed SUSHI, including, but not limited to, a review of the following: The creation, governance, usage, and design of SUSHI, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created SUSHI. The supply, demand, maturity, utility, and liquidity of SUSHI. Material technical risks associated with SUSHI, including any code defects, security breaches and other threats concerning SUSHI and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them. Legal and regulatory risks associated with SUSHI, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of SUSHI, and (ii) statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to SUSHI about whether SUSHI, or generally about whether the type of crypto asset, is a security and/or derivative.

Last Updated: June 2023

Risk Statements

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