SushiSwap - the next step forward in the development of the Uniswap protocol. Building on the elegant core design of Uniswap, the company has added community-focused features that help to improve protocol design as well as provide additional benefits for contributors.
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Description of the SushiSwap
SushiSwap can also provide some liquidity to the pool and be rewarded with SUSHI tokens.
As one of the first users, looking to increase a provider's liquidity, you become an important participant in the protocol. The earnings you receive from placing bets will be proportional to the number of LP tokens you have staked compared to the total number of staked LP tokens. If you do not continue to provide liquidity, your holdings and related returns will erode gradually.
Beginning of work
To start providing liquidity and earning SUSHI tokens, anyone with Uniswap LP coins can put those LP tokens in the appropriate initial pool list. Each block will generate 100 SUSHI game tokens. These coins will be evenly distributed among the members of each of the supported pools. However, for the first 100,000 blocks, the number of produced SUSHI tokens will be 10x, resulting in 1,000 SUSHI tokens, issued per block. Initial set of available pools:
| CEFI Stablecoins | USDT-ETH, USDC-ETH. |
| Defi Stablecoins | DAI-ETH, sUSD-ETH. |
| Credit protocols | COMP-ETH, LEND-ETH. |
| Synthetic assets | SNX-ETH, UMA-ETH. |
| Oracles | LINK-ETH, BAND-ETH. |
The SUSHI or WETH pool gets doubled, so be sure to transfer your SUSHI to uniswap to be eligible for additional income. Once SUSHI is up and running, the community will be able to vote to add new eligible pools or change the weight of any pool. In the attachment, 0.25% goes to active liquidity providers directly, and the remaining 0.05% is converted back to SUSHI.
Additional information
If you still have any questions, you can ask their company on social networks.
Namely:
- familiarize yourself with the information in the question-answer tab on the platform;
- Twitter.
Also there you can get acquainted with the nearest updates, promotions and participate in contests.