: Swap, Earn, Stack Yields On One Decentralized Exchange
Being a prestigious decentralized exchange (DEX) and automated market maker (AMM), SushiSwap lets traders swap, earn, stack yields, and lend and borrow crypto tokens uniquely. It has been built on Ethereum leverages global liquidity pools to build unique markets for any pair of assets and uses an automated liquidity protocol. The SushiSwap token or SUSHI comprises the decentralized exchange. In case you provide liquidity to the pools on SushiSwap then you can win the SUSHI token as well on this exchange. You can also use this platform to lend and borrow assets. This exchange is a clone of UniSwap but you get a few different features on Sushi Swap and the reward procedure is also different here.
SushiSwap exchange let you earn extremely high returns. This is a secure decentralized exchange platform where you can lend, borrow, and provide liquidity pools to earn high SUSHI rewards. So, if you are also wandering here to there in figuring out how to use the Sushi Swap exchange then your search may end here. In this read, we are going to talk about the process to swap, earn, stacking yields, lending, and borrowing on the Sushi Swap exchange.
Quickest Approach To Connect An Wallet On SushiSwap
Traders who have set up a non-custodial wallet can easily use their wallet to buy SUSHI and swap it by connecting the wallet to the Sushi Swap exchange platform. This exchange allows you to connect wallets such as Injected, WalletConnect, Coinbase Wallet, and Gnosis Safe. You can use the secret recovery phrase of your wallet to link it to this exchange. Or you can create a new one as well by following the right path. Now, let’s approach the steps to understand the complete linking process:
Open a browser on your Windows or Mac
From this page, get the “Enter App” button and click on it
Find the “Connect A Wallet” button from the top right corner
Now, choose your wallet name and click on it
When asked, scan the QR code using your mobile
Or click on the “Install” button to proceed
Now, enter the seed phrase details and password details
After that, get the “Import” button and click on it
Finally, tap the “Connect Now” button to finish the process
Technique To Swap SUSHI Via SushiSwap
Traders who have stored SUSHI in their wallets can swap it with any other currency easily. In case you have not connected your wallet yet then you need to complete this process first. Now, approach these steps to learn the swapping process:
Launch a browser on your laptop (Windows/Mac)
Now, fill up the swap form by choosing the token
Choose the Swap x Swap currencies carefully
Enter the currency amount and click the “Swap” button
Check the preview and click the “Confirm” button
After completing the above steps, the swapped tokens will be added to your wallet directly. Now, you must be thinking that how to earn cryptos on the SushiSwap exchange.
How To Earn Rewards On Sushi Swap?
Sushi Swap allows you to earn cryptos by providing a liquidity pool or staking cryptos from SUSHI to XSUSHI. Let’s understand the complete process of stake or pooling tokens with the help of these processes:
The Procedure To Add A Pool On SushiSwap Exchange
Adding a certain amount of pool on this exchange, you can earn great rewards. The process to add a new position to the pool is as follows:
Now, from this page, choose the “New Position” button
After that, select network, select type, and select fee tier
Reach the “Add Liquidity” section and choose the currencies
After checking the details, click the “Connect Wallet” button
Finally, you have created a new position on the Sushi Swap exchange
Way To Stake Tokens
Find a trusted browser on your Mac/Windows laptop
Now, go to the SushiSwap.com/earn official website
Once you reach this page, you need to enter the amount
After entering the staking amount, click on the “Stake” button
When prompted, find the review and click the “Confirm” button
Finally, you have staked and earned tokens successfully
While completing the above process, if you have not connected your wallet then you may need to link it to avoid delay or any type of error.
There are a lot of platforms that allow you to swap, stake, pool, and earn crypto tokens. But SushiSwap let you do so in a unique way. This exchange not lets your swap and pool tokens but also give you a chance to borrow or lend crypto tokens. In the above sections of this post, we have discussed almost all the processes that a crypto investor must know before visiting the SushiSwap official website.