### What is xSUSHI?

xSUSHI is a specialised token associated with the SushiSwap decentralised exchange platform. It is earned by staking SUSHI tokens in the Sushibar, and represents a share of the fees and revenue generated by the platform. xSUSHI appreciates in value over time as fees are collected and distributed to the Sushibar, always maintaining a worth greater than regular SUSHI tokens.

### How does xSUSHI work?

xSUSHI operates as an upgradeable token tied to the SushiSwap platform. When users stake their SUSHI tokens in the Sushibar, they receive xSUSHI tokens in return. These tokens represent ownership of the fees accumulated by the platform. A trading fee is applied to each transaction on SushiSwap, a portion of which is allocated to the Sushibar and distributed amongst xSUSHI holders, ensuring that the value of xSUSHI rises over time. Holders of xSUSHI also gain voting rights, enabling participation in the governance of the SushiSwap protocol.

### What are the potential use cases for xSUSHI?

- **Governance and Voting**: Holders of xSUSHI can participate in the governance of the SushiSwap platform, voting on proposals and changes.
- **Liquidity Provision**: xSUSHI incentivises liquidity providers by representing their share and earning fees from the exchange.
- **Revenue Distribution**: Fees from the platform are used to buy xSUSHI, which is then distributed to token holders, sharing in the platform's success.
- **Yield Farming and DeFi Activities**: xSUSHI can be used as collateral for loans or to participate in yield farming for additional rewards.
- **Staking and Passive Income**: By staking SUSHI in the Sushibar, users earn xSUSHI and passive income over time as its value increases.

### What is the history of xSUSHI?

xSUSHI was introduced alongside the SushiSwap platform to enhance participation and governance within its ecosystem. SushiSwap was launched in 2020, founded by a developer known as Chef Nomi, among others. As part of its evolution, xSUSHI became central to the platform's governance and fee distribution model, significantly contributing to SushiSwap's growth and integration with various DeFi protocols and platforms. Over time, the platform transitioned to a community-driven governance model, involving xSUSHI holders in its decision-making processes.

xSUSHI

Deposits are not currently available for this coin.

Important Notice

Uniswap

Aave

Rocket Pool ETH

NEXO

PancakeSwap

Injective

Lido DAO

Curve DAO

Synthetix Network

Pendle

Raydium

Syrup

Sun Token

Instadapp

DeXe

Four

xSUSHI (XSUSHI)

Similar Coins

DAI

UNI

AAVE

RETH

NEXO

CAKE

INJ

LDO

CRV

SNX

PENDLE

RAY

SYRUP

SUN

INST

DEXE

FORM

Resources

xSUSHI (XSUSHI) Price Index

xSUSHI Price

Trading volume

Market cap

Resources