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We're excited to announce the return of the Sushi Bar! Following the conclusion of the Kanpai Proposal, this is exciting news for Sushi holders. Get ready to dive back into Sushi Bar.
What is Sushi Bar?
Sushi Bar is a feature of Sushi that allows users to stake their SUSHI tokens in exchange for xSUSHI, representing their share in the Sushi Bar. As a xSUSHI holder, you are entitled to share a portion of the platform's trading fees, precisely 0.05% of the 0.3% standard trade fees on the Sushi v2 AMM.
Although fee accumulation was temporarily halted due to the Kanpai 2.0 proposal, it's now revived, which is why the Sushi Bar is back in action.
How to earn from staking SUSHI?
Staking SUSHI at Sushi Bar to get xSUSHI to start earning. Here's how:
Stake SUSHI - Stake your SUSHI to receive xSUSHI, representing your stake in the Sushi Bar, which entitles you to a share of the protocol trading fees. See the tutorial here.
Earn - A portion of the trading fees (0.05% from the standard 0.3%) is utilized to purchase $SUSHI. These are then accumulated in the Sushi Bar and distributed to xSUSHI holders on a continuous basis, ensuring a fair and rewarding revenue-sharing model for our community.
Governance Powah - Staking brings rewards and gives you a voice in the platform's future through SushiPowah, our governance model. Your involvement shapes our direction and growth.
What is xSUSHI for?
When staking, you might be wondering why you receive xSUSHI. What is its purpose?
In the Sushi ecosystem, SUSHI is the main token for staking and governance, while xSUSHI represents staked SUSHI, earning part of the platform's trading fees. As xSUSHI collects these fees, its value grows compared to SUSHI, leading to a changing exchange rate: over time, you'll need more SUSHI to get the same amount of xSUSHI. When unstaking, you often get back more SUSHI than you staked, thanks to xSUSHI's appreciated value.
Still curious about how xSUSHI works? See the explainer graphic below, or check out the FAQ for more details.
