Concentrated Liquidity, everywhere.
Capital Efficiency, anywhere.
๐ฅ We have launched Sushiโs concentrated liquidity pools on 13 networks with more coming #soon. This launch marks the largest deployment of v3 pools, ever.
๐จ RouteProcessor2 Exploit & User Refund Update!
๐งต Read the below thread about: what's next for affected user funds and what processes we're setting up to return user funds.
๐ฅ๏ธ Firstly, please know that Sushi's Swap web app is safe to use now!
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๐ However, if you have yet to check your approvals to see if you still have approvals for tokens connected to the previous RouteProcessor2 contract, please do so here: and remove them.
๐ก Note: You likely have no exposure if you haven't interacted with Sushi in the past ten days, as the exploited contract is less than ten days old. But check approvals with the link above as a good security practice. ๐
โน๏ธ ICYM - The Ethereum network is set to undergo a major upgrade known as the Shanghai upgrade.
๐ก In this thread, we will explore what the Shanghai upgrade entails and the possible outcomes.
The Shanghai upgrade is the next major update to the Ethereum network, which is set to introduce several changes to the protocol. These changes will improve the network's efficiency, reducing gas fees, and increasing its security ๐ช
A major development brought by the update is the ability to withdraw previously staked ETH from as far back as December 2020
This marks a significant milestone for the Ethereum network, and there are several scenarios that could potentially unfold following the upgrade ๐
The @kava_platform ecosystem is blooming, thanks to its #CosmosEVM launch, lucrative incentives programs, and upcoming $ETH Bridge.
Sushi deploying to Kava draws on all those benefits, unlocking new resources for devs and #DeFi opportunities for users.
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@kava_platform As one of Ethereumโs OG DEX protocols, we get the importance of building a strong dev community.
Kavaโs #DevEnabler vision and the $750M #KavaRise incentives program shows Kava means business when it comes to onboarding the best devs and protocols in the industry.
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Via Kavaโs #CosmosEVM and unique incentives program, Sushi aims to generate unique earning options for liquidity providers, while giving developers access to all the resources they need to survive a tough market.
๐ฃ How to maximize yield by staking $SUSHI for $xSUSHI ๐ฑ
For every swap on the exchange on every chain, 0.05% of the Sushiswap fees are distributed as $SUSHI proportional to your share of the SushiBar.
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When your SUSHI is staked into the SushiBar, you receive xSUSHI in return for voting rights and a fully composable token that can interact with other DeFi protocols.
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Your xSUSHI is continuously compounding, and whenever you unstake you will receive all the originally deposited SUSHI plus any additional from fees.