# What is Mochi?

Mochi, often called MochiSwap, is a cutting-edge decentralized finance (DeFi) platform distinguished by its Automated Market Maker (AMM). Originally created in 2024 as a community-driven fork of Uniswap, Mochi introduced expanded staking features and governance opportunities via its native token, MOCHI. Over time, it has grown into a vibrant ecosystem offering a suite of DeFi products such as an aggregator, an AMM, and robust staking mechanisms.

A Brief History of MochiSwap\
MochiSwap debuted in August 2024 under the leadership of an anonymous developer known as “Chef Sensei,” who forked the Uniswap protocol. The project rapidly gained traction due to its incentive model, which rewarded liquidity providers with the MOCHI governance token. Although early controversy arose when Chef Nomi withdrew development funds—only to return them after community backlash—MochiSwap emerged as a notable, community-focused DeFi platform.

**Core Products and Components**

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1. Aggregator\
   Mochi’s aggregator scans multiple decentralized exchanges (DEXs) to secure the most favorable swap prices for users. Rather than trading solely on MochiSwap, it intelligently routes orders across various liquidity sources, reducing slippage and optimizing trade execution.
2. AMM (Automated Market Maker)\
   At Mochi’s core is its AMM, enabling token swaps through liquidity pools instead of traditional order books. Liquidity providers (LPs) deposit pairs of tokens into these pools and earn a fraction of the trading fees whenever users make swaps.
3. The MOCHI Token\
   MOCHI serves as the platform’s native governance token, fulfilling two primary roles:\
   Governance: Token holders can participate in proposals concerning protocol modifications and future upgrades.\
   Rewards: LPs can stake their liquidity pool tokens in Mochi’s “Onsen”-style farms to accumulate MOCHI rewards.

**New Products Under Development**

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_Mochi Lending_\
MochiSwap plans to launch a decentralized lending and borrowing platform, allowing users to stake digital assets as collateral and borrow stablecoins or other tokens at competitive rates. Lenders, in turn, can earn interest by supplying capital to these lending pools—further enhancing the overall utility of the Mochi ecosystem.

_Mochi Launchpad_\
The upcoming Mochi Launchpad will focus on empowering new DeFi and blockchain projects to raise capital in a decentralized manner. Through the platform, emerging projects can issue tokens, engage with potential investors, and leverage community governance tools that promote transparency and inclusive development.

From its beginnings as a Uniswap fork, MochiSwap has evolved into a multifaceted DeFi hub. With an aggregator for cost-efficient trades, an AMM for seamless token swaps, substantial staking incentives, and ambitious new products like Mochi Lending and Mochi Launchpad on the horizon, MochiSwap continues to push the boundaries of decentralized finance.
