The SushiBar is a smart contract on the Ethereum blockchain where you can deposit SUSHI against xSUSHI and start earning yield from all sushi products.
The SushiBar receive fees from :
These fees are used to buyback Sushi on the market and distribute (serve) them to all stakers.
Stakers can use their xSUSHI to vote and give their opinions on the future of sushi using snapshot.
More infos on governance can be found here.
When you stake SUSHI in the SushiBar you receive xSUSHI which represents your share of the SushiBar.
This means that SUSHI <=> xSUSHI price are different, xSUSHI reprensents your rights on a portion of the SUSHI in the SushiBar.
Everytime fees are served to the SushiBar (swapped against SUSHI and sent to the bar), the ratio SUSHI<=>xSUSHI will increase, xSUSHI value will rise since its now worth more SUSHI than before fees were served.
So your xSUSHI amount in your wallet will never change but it will be worth more SUSHI over time, UP ONLY 🍣.
You can do whatever you want with your xSUSHI, they will still earn the SushiBar yield, but if you loose them you wont be able to get your SUSHI back.
You can follow who is serving the bar on Boring finance.
And can follow the SUSHI<=>xSUSHI ratio and APR on the staking interface and analytics.
Its quite easy to stake in the SushiBar :
Step 1: Go to the stake interface : https://app.sushi.com/stake.
Step 2.1: Enter the amount of SUSHI you want to stake, if it's your first time staking SUSHI, you’ll have to approve first.
Step 2.2: Once approved, you can confirm staking.
Congrats you now have xSUSHI in your wallet, if you don’t see them you can click on the xSUSHI logo on top right to add it to metamask. 🍣
To unstake :
Step 1: Go to the stake interface : https://app.sushi.com/stake.
Step 2: Enter the amount of xSUSHI you want to unstake and confirm withdrawal.
Congrats, your SUSHI are back in your wallet ! 🍣