Popular science: What is SUSHI coin? How to obtain SUSHI coins?

Sushi Coin (SUSHI), an integral part of the SushiSwap DeFi ecosystem, can be acquired through decentralized exchanges, centralized exchanges, staking, farming, and past airdrops.

Oct 02, 2024 at 07:24 am

What is SUSHI Coin?

Sushi Coin (SUSHI) is a decentralized finance (DeFi) token native to the SushiSwap protocol. SushiSwap is an automated market maker (AMM) and liquidity provider that allows users to trade cryptocurrencies in a decentralized manner. SUSHI is used for governance and rewards within the SushiSwap ecosystem.

How to Obtain SUSHI Coins:

1. DEXs (Decentralized Exchanges):

• SushiSwap: Trade various cryptocurrencies to earn SUSHI rewards as a liquidity provider.
• Uniswap: Swap ETH for SUSHI directly.
• Binance DEX: Trade SUSHI against other cryptocurrencies.

2. CEXs (Centralized Exchanges):

• Binance: Buy or trade SUSHI with other users.
• FTX: Trade SUSHI against fiat currencies or cryptocurrencies.
• Coinbase (coming soon): Will add support for SUSHI in the future.

3. Staking:

• SushiBar: Stake SUSHI tokens to earn more SUSHI rewards.
• xSUSHI: Stake SUSHI tokens on Yearn Finance to earn additional rewards.

4. Farming:

• Provide liquidity to SushiSwap pools and earn SUSHI rewards.
• Yield farms: Stake SUSHI tokens in yield farms to earn rewards from other DeFi projects.

5. Airdrop:

• In September 2020, SUSHI tokens were airdropped to users who interacted with Uniswap before its liquidity mining program began.
• Subsequent airdrops may occur in the future, but details are not yet available.