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Can you explain the process of yield farming on Sushiswap and how it allows users to earn rewards?

avatarhaiqi zhangNov 25, 2021 · 3 years ago1 answers

Could you please provide a detailed explanation of the process of yield farming on Sushiswap and how it enables users to earn rewards?

Can you explain the process of yield farming on Sushiswap and how it allows users to earn rewards?
Yield Farming
Sushiswap
Rewards

1 answers

  • avatarNov 25, 2021 · 3 years ago
    Yield farming on Sushiswap is a process that allows users to earn rewards by participating in the platform's liquidity pools. Users can provide their funds to these pools and receive LP tokens in return. These LP tokens can then be staked in yield farming contracts to earn additional rewards. The rewards can be in the form of SUSHI tokens or other tokens supported by Sushiswap. The amount of rewards earned depends on factors like the amount of liquidity provided and the duration of the stake. Yield farming on Sushiswap provides users with an opportunity to earn passive income while contributing to the platform's liquidity.

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