Sushiswap: 28. - xSushi

    Explain the mechanism behind xSushi. Show the total supply of xSushi over the past 3 months. How does this relate to the total supply of Sushi over the past 3 months?

    Total supply of xSushi over the past 3 months. How does this relate to the total supply of Sushi over the past 3 months?

    Here is what the total supply of xSUSHI looks like for the past months, we are looking at all the instances of staking SUSHI to mint xSUSHI since the very beginning and filtering down the cumulative value for the past 3 months. The supply of xSUSHI has been quite stable between 770M - 775M SUSHI tokens.

    Comparing it to the supply of SUSHI tokens, we look at the balance of wallets with SUSHI tokens and the token being staked to get xSUSHI tokens. The supply of SUSHI has been constantly increasing in the past 3 months.

    Loading...
    Loading...

    The mechanism behind xSushi

    SUSHI token holders when they stake SUSHI tokens, they get xSUSHI tokens in return. Now these xSUSHI tokens can be staked on other platform for other incentives and there are rewards associated with staking SUSHI which comes from the exchange trading fees from swaps happening on all the pools, which is about `0.05%)