What is SushiSwap?
SushiSwap allows investment in different liquidity pools and receiving earnings in Sushi tokens in return. Users will continue to earn a percentage of the protocol fees in Sushi, even after they stop actively participating in the supply of liquidity. Currently, the network is configured so that the 0.3% obtained from all transaction fees are distributed among liquidity providers. These active providers will receive 0.25% while the remaining 0.05% is reconverted to SUSHI and is sent to the token holders.
How to earn SUSHI Token?
1.To use Sushiswap, you first need to provide the liquidity to the chosen pool. To do so you can choose such protocols as Zapper, Zerion, Uniswap etc. We are using Uniswap as an example.
2.Enter Uniswap, tap ‘Pool’, ‘Add liquidity’.
3.Choose tokens you want to add to liquidity pool and enter the proper amount. Tap ‘Approve’. Approve the transaction in Huobi wallet and pay the gas fee.
4.Tap ‘Supply’, check information page and tap ‘Confirm Supply’. Confirm operation in your Huobi Wallet and pay the gas fee.
5.Once successfully supplied, your pool position will be shown below.
6.Enter SushiSwap and enter needed liquidity pool. We use Band/ETH pool an example. Tap ‘Approve BAND/ETH UNI-V2 LP’ to stake tokens. Confirm the transaction in your Huobi Wallet and pay the gas fee.
7.Tap ‘+’ to stake, enter the amount you want to deposit or tap on ‘MAX’ to deposit all. Confirm the transaction in your Huobi Wallet and pay the gas fee.
8.Successfully staked, you will see amount of staked LP tokens. As well as your SUSHI balance on the Home page.
*Please pay attention that every financial operation and decision has a potential investment risk, making an investment think carefully, do not take any impulsive decision.