xSUSHIPrice

(XSUSHI)

xSUSHI is a yield-bearing token within the SushiSwap ecosystem, which is a prominent decentralized exchange and automated market maker. It serves as a representation of staked native tokens and is a core component of the project's incentive and governance structure. The token is primarily obtained by staking native SUSHI tokens in a specific feature of the platform known as the Sushi Bar. When a user deposits their tokens into this staking contract, they are issued xSUSHI in return. This token acts as a receipt that represents the holder's proportional share of the staking pool. One of the main functions of xSUSHI is to provide holders with a share of the platform's revenue. As trades occur on the decentralized exchange, a portion of the transaction fees is collected and used to buy back native tokens from the market. These acquired tokens are then distributed back into the staking pool. As a result, the amount of the underlying native token that each xSUSHI represents increases over time, making it a yield-bearing asset that is designed to capture value from the activity of the exchange. In addition to its role in revenue sharing, xSUSHI is essential for the protocol's decentralized governance. Holding the token grants users voting power, allowing them to participate in the decision-making process for the project. Through the governance system, holders can vote on proposals related to software upgrades, the implementation of new features, and changes to the protocol's economic parameters. This ensures that the platform remains community-driven and aligned with the interests of its long-term participants. Technically, xSUSHI is an ERC-20 token and is compatible with various decentralized finance applications. Because it is a liquid representation of a staked position, it can be utilized in other protocols for activities such as collateralization while still earning protocol-level rewards. It is part of a broader ecosystem that includes various tools for swapping, lending, and yield generation across multiple blockchain networks. In summary, xSUSHI is the primary mechanism for users to align themselves with the growth and management of the SushiSwap decentralized autonomous organization. Learn more

Cryptocurrency prices are subject to high market risk and price volatility. You should invest only in projects and products you are familiar with and understand the associated risks. Carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial advisor before making any investment decisions. This material should not be considered financial advice. Past performance is not a reliable indicator of future performance. The value of your investment may go down or up, and you may not recover your invested amount. You are solely responsible for your investment decisions. LBank is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warnings. Please also note that the data related to the above-mentioned cryptocurrency (such as its current real-time price) is sourced from third parties and is provided “as is” for informational purposes only, without any representation or warranty. Links to third-party websites are not under LBank’s control, and LBank is not responsible for the reliability or accuracy of such websites or their content.