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Sushi

SUSHI

About

Sushi is a AMM that want to diversify the DEX market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its governance SUSHI token..

$265,446,701

$95,023,604

27.9%

30d

+0%

N/A

Reward Options
Risk
Complexity
Reward
Adj. Reward
Minimum
Lock Up
Avg. Fee
Staking Ratio
Stake In Sushibar
Risk
stable
Complexity
easy
Reward
4.58%
Minimum
-
Lock Up
-
Staking Ratio
100%
Adj. Reward
4.58%
Avg. Fee
-
Lend Sushi
Risk
stable
Complexity
very easy
Reward
4.4%
Minimum
-
Lock Up
-
Staking Ratio
-
Adj. Reward
4.4%
Avg. Fee
-

Calculate how much you can earn by staking Sushi. Results vary based on the staking amount, term, and type selected.

USD
SUSHI

Advanced calculator

Revenue over time (USD / week)

Total Reward Rate

0%

or 0% annualized

Est. Monthly Earning

$0

0 SUSHI

Est. Yearly Earning

$0

0 SUSHI

FAQ's

  • What is SUSHI?
  • SUSHI is an ERC-20 token issued to liquidity providers on the SushiSwap decentralized exchange. It is earned by providing liquidity to pools on SushiSwap and be staked in exchange for SLP tokens which are used to govern the protocol.

  • What is SushiSwap?
  • SushiSwap is a software (Decentralized Exchange) running on Ethereum that seeks to incentivize a network of users to operate a platform where users can buy and sell crypto assets.

    SushiSwap is a fork of Uniswap with some key differences – most notably, the SUSHI token. The token has two functions at launch: entitling holders to governance rights and a portion of the fees paid to the protocol. In a simplified way, SUSHI holders “own” the protocol.

    SUSHI is distributed to those who provide liquidity to specific Uniswap pools. Then, they can deposit their Uniswap LP tokens into the SushiSwap staking contracts to start earning SUSHI.

    SUSHI can also be asymmetrically staked in the SushiBar.

  • How did SushiSwap Launch?
  • SushiSwap is designed as the next step forward in the Uniswap protocol design: an evolution. Taking Uniswap’s elegant core design, they’ve added community-oriented features that are believed to help improve the design of the protocol, as well as provide further benefits to the actors involved.

    With virtually identical software and financial model plus the addition of tradable governance token rewards, SushiSwap depended on liquidity providers on Uniswap to move their liquidity pools off Uniswap and onto SushiSwap. As the platform’s September 9 blog post said, “To start providing liquidity and earning SUSHI tokens, anyone holding Uniswap LP tokens can stake those LP tokens into the corresponding initial list of pools.”

    Upon launch, $830 million of assets were moved from Uniswap onto SushiSwap. Early transfers in “The Liquidity Migration” were incentivized with a SUSHI pay out ten times larger than normal. The amount staked to SushiSwap quickly rose to $1.68 billion of Uniswap tokens.

    Shortly after SushiSwap launched, the pseudonymous founder of the protocol, Chef Nomi, withdrew about $14 million worth of Ether from the development fund. Despite being fully legal within the design of the protocol, this transfer engendered an enormous outcry from the community. Sam Blankman-Fried, CEO of FTX and investment firm Alameda Research took on the role of spokesman for the aggrieved SushiSwap participants. A few days later, Chef Nomi tweeted that they had returned the Ether to the development fund.

  • Who are the team members behind Sushi?
  • The pseudonymous founder of the protocol is Chef Nomi.

    The Multisigs are the ultimate decision-makers in the SushiSwap ecosystem.

    The Treasury Multisig wallet is comprised of 9 prominent and trusted members of the DeFi/Ethereum ecosystem, and they must approve any use of the devfunds. A transaction requires at least 6 out of 9 signatures to pass and be executed.

    Signers of Treasury Multisig:
    @SBF_Alameda, @rleshner, @0xMaki, @lawmaster, @cmsholdings, @mattysino, @mickhagen, @JiroOno, @zippoxer

    The Ops Multisig is primarily comprised of core team members and is the hurdle that needs to be passed for any changes to our smart contracts. Any transaction to be executed requires at least 3 signatures out of 5.

    Signers of the Ops Multisig (Twitter handles):
    @0xMaki, @LevxApp, @OmakaseBar, @JiroOno

  • How do I stake SUSHI?
  • Staking SUSHI is relatively easy and requires a metamask ethereum wallet containing SUSHI and ETH to pay for gas.

    Go to the SushiBar tab at sushiswap.fi to approve and stake your SUSHI tokens.

    For more detailed instructions please follow our “How to Stake SUSHI Step by Step Guide”.

  • How much can I earn Staking SUSHI?
  • 0.05% of the total SushiSwap Trading Volume is being redistributed proportionally to all SUSHI stakers in the SushiBar.

    With the SUSHI Staking Rewards Calculator you can make assumptions for the Sushiswap Trading Volume and Percentage of SUSHI being staked, in order to estimate earnings.

    66.6% of your Sushi rewards will be “Vested” for 6 months from the moment they are earned. So if you earn 10 SUSHI today you can harvest 1/3 immediately, and the remaining 2/3 after 6 months of waiting. You can unstake at any time. Your vested (locked up) yield will still be available to you when their lock-up time is over.

  • Is there any risks to Staking Sushi?
  • Yes, there are a few risks to consider when Staking Sushi or adding Liquidity to SushiSwap.

    First, when Staking Sushi you should be aware of reward vesting as explained above.

    Second, you should be aware of smart contract risk by staking in the SushiBar smart contract.

    If depositing liquidity into SushiSwap you should be aware of “Impermanent Loss”.