Yoshi is a decentralized exchange platform supported by DEX projects like Spookyswap, Anyswap, Sushi Swap, Uniswap, and Pancakeswap. It offers a simple way to buy and sell crypto tokens. At this moment, we only know the identity of one co-founder, Daniel Rumiantsev, who is based in Russia. This platform was launched on October 24, 2021.
Here are the key features:
- Cryptocurrencies supported
This DEX platform minimizes spread and selects the best token prices from multiple exchanges. Some of the supported tokens include YOSHI, FTM, fUSDT, DAI, USDC, CRV, WBTC, WETH, and ATRI.
- Native token
The native token of this platform is known as YOSHI. It is a part of the DEX’s fintech ecosystem for the DEFI market and facilitates the handling of live transactions via banking cards.
- Funding methods
To conduct swaps, you must have enough tokens in your wallet. You can purchase YOSHI tokens on the website using credit cards.
- Wallets supported
Before you can swap tokens on this platform, you must connect your wallet. This DEX supports wallets like Metamask, Coinbase Wallet, Clover, and those that are compatible with Wallet Connect.
How does Yoshi work?
This platform lets you perform the following actions:
- Swap tokens
This decentralized exchange offers competitive prices for exchanging tokens so you can conduct swaps instantly and get the best rates. It aggregates liquidity from multiple exchanges.
- Add liquidity
Yoshi has liquidity pools of its own. You can add liquidity to the pool in exchange for incentives. Liquidity providers earn a 0.25% fee on all trades proportional to their share of the pool. The fees are added to the pool and they accrue in real-time. You can withdraw your liquidity whenever you wish.
- Bridge tokens
The bridge feature lets you transfer tokens from one blockchain to another. After selecting the From and To chains, you will be able to see the maximum bridge amount, the minimum bridge amount, and the fee.
- Integrate widget
You can integrate the exchange on your website using the widget. This widget is configurable with various parameters, custom UI flows, and webhooks. After connecting the widget to your website and informing the community, you can directly purchase tokens on your webpage.
What can you buy on Yoshi?
This platform is based on the Fantom Opera blockchain. It functions as the first closed-cycle payment system on this chain. Some of the popular tokens on this platform include CAKE, BUSD, AAVE, WBNB, USDT, ETH, SUSHI, BOO, BNB, DAI, and FTM.
Is Yoshi safe?
The smart contracts of this platform have been audited by Hacken.io. This is a well-known company offering cyber security services. No critical issues were found during the audit. The exchange strives to maintain a high level of privacy protection and follows the data protection rules of the EU.
At this moment, there are no user reviews for this platform on third-party websites. This means not many people are currently using this system.
Yoshi fees, compatible wallets, and transactions
On the official website, the vendor has not mentioned the swap fees applicable for this platform. Thus, we don’t know how much you need to pay for conducting swaps compared to other platforms. Apart from Metamask, Coinbase Wallet, and Clover, this DEX also supports Wallet Connect wallets like Ledger, Tokenary, Infinity Wallet, Wallet 3, SecuX, Ambire, KryptoGO, KEYRING PRO, and RICE Wallet.
What are the ways to trade on Yoshi?
You can conduct swaps on the homepage of the official website itself. The first step is to connect your wallet. After that, you need to select the token you wish to swap and the one you wish to receive. You can swap between tokens on various blockchains like Ethereum, Fantom Opera, and Binance Smart Chain.
On the official website, you can find the email address for the DEX platform. You can also join the Discord channel to seek help from community members. Unfortunately, there is no on-call or live chat support available.
Should you trade with Yoshi?
Yoshi summaryYoshi summary
- Ability to bridge tokens from other blockchains
- Attractive incentives for liquidity providers
- Three major blockchains supported
- No user reviews
- New platform still in the developmental stage