SUSHI is the governance and revenue-sharing token for the Sushi ecosystem of products.
SUSHI is a low-cap asset that represents the protocol's native governance or utility token. This asset is exposed to the underlying risks of Sushi, a protocol rated as Moderately Risky. The asset has a fixed supply.
SUSHI is highly correlated to the overall market.
SUSHI is the governance and revenue-sharing token for the Sushi ecosystem. Stakers (xSUSHI) receive a portion of all exchange swap fees. Token holders can also partake in the protocol's governance process to vote on proposals and protocol-level changes.
SUSHI initially launched with an inifinite supply. A subsequent governance proposal implemented a supply cap of 250M tokens, which is expected to be reach in November 2023. The token distribution follows a decaying emission model based on a set schedule until the supply cap is reached. Currently, ~6 SUSHI are minted per Ethereum block. The protocol allocates 10% of all protocol emissions to a multisig development fund.
SUSHI collects a portion of all trading fees and distributes to xSUSHI stakers. The protocol deducts a 0.05% fee from every swap and allocates it to the xSUSHI pool. The amount of SUSHI relative to xSUSHI will decrease as xSUSHI appreciates in value over time.