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Most Recently Added Pools On Sushiswap

Liquidity Pools in Sushiswap

The purpose of Liquidity pools is to Pool tokens (also known as liquidity) so that users can use them to make trades in a decentralized way. These liquidity pools are created by users and DApps (Decentralized Apps) who want to benefit from their usage. The SushiSwap liquidity pools allow anyone to provide liquidity, and in return, they receive SLP tokens (SushiSwap Liquidity Provider tokens). For example, if a user deposited $SUSHI and $ETH, they would receive SLP tokens for the SUSHI-ETH pool.A user can reclaim their tokens from the LP pool at any time, which represents their share of the pooled assets. Every time another user uses the pool to trade between $SUSHI and $ETH, a 0.3% fee is taken, with 0.25% going to the pool.

Since Uniswap helps to provide liquidity only when it’s active, liquidity providers only earn revenue when they’re actively supplying liquidity. Once they withdraw their portion of the pool, they stop earning passive income.

But with Sushiswap, SUSHI tokens can also be issued for providing some liquidity into a pool. While SUSHI tokens will not give you a stake in the protocol, they will also give you continued access to a portion of the protocol’s fees, accumulated in SUSHI, even if you decide not to participate in the liquidity provision.

This dashboard shows an overview of the 100 most recent sushiswap pools, as well as how the swap volume and number of transactions varies across each pool.

Here we’ve separated recent pools from ARCX-WETH, NU-WETH, and BSGG-WETH for better visualization. Here, 93.63% of the total Volume (USD) was contributed by the Pool pair ARCX-WETH.

The post Most Recently Added Pools On Sushiswap first appeared on Tech Dreams.


This post first appeared on Tech Dreams | A Technology Guide For Ever, please read the originial post: here

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Most Recently Added Pools On Sushiswap

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