Sushiswap β Yield Guide
Updated: Β· Data Window: 24h / 7d / 30d (varies by metric availability)
1. Fee Structure & Revenue Sharing β β β β β
Sushiswap V3 has a tiered fee structure with fees ranging from 0.01% to 0.3%. Liquidity providers (LPs) receive 100% of the fees, with no protocol take rate. The fee capture ratio is not explicitly stated, but the high LP share suggests a favorable environment for liquidity provision. Historical data shows a relatively stable fee trend, indicating a mature market.
2. Liquidity Provision Opportunities β β β β β
| Pool | Chain | APY | Base APY | Reward APY | TVL | Stablecoin | 30d Avg APY |
|---|---|---|---|---|---|---|---|
| WBTC-WETH | Ethereum | 1.8% | 1.8% | N/A | $8.6M | No | 4.2% |
| DAI-WETH | Ethereum | 14.3% | 14.3% | N/A | $8.4M | No | 14.7% |
| USDC-WETH | Ethereum | 13.2% | 13.2% | N/A | $2.1M | No | 29.5% |
| VCRED-USDT | Hemi | 0.0% | 0.0% | N/A | $1.3M | No | 0.0% |
| WBTC-HEMIBTC | Hemi | 0.0% | 0.0% | N/A | $1.0M | No | 0.2% |
| WETH-USDT | Ethereum | 12.8% | 12.8% | N/A | $1.0M | No | 13.9% |
| LINK-WETH | Ethereum | 0.1% | 0.1% | N/A | $992.1K | No | 0.4% |
| SUSHI-WETH | Ethereum | 0.0% | 0.0% | N/A | $863.4K | No | 6.5% |
| ID-USDC | Ethereum | 2.9% | 2.9% | N/A | $637.3K | No | 4.0% |
| WETH-KRAV | Base | 0.0% | 0.0% | N/A | $576.4K | No | 0.0% |
Strategy Notes: Conservative LPs may prefer stablecoin pools like DAI-WETH and USDC-WETH, while aggressive LPs may opt for higher-risk, higher-reward pools like WBTC-WETH and WETH-USDT.
3. Staking & Passive Income β β β β β
Sushiswap V3 offers a staking program with an APY of 0.02% for xSUSHI holders. The staking duration is not explicitly stated, but the APY suggests a relatively short-term commitment. No lock/veToken mechanisms or auto-compounding features are mentioned.
4. Incentive Programs & Rewards β β β β β
Sushiswap V3 has a liquidity mining program, but details are scarce. No specific evidence of points/loyalty systems, trading fee rebates, or referral programs was found.
5. Practical Earning Strategies β β β β β
π‘οΈ Conservative:
- Provide liquidity to stablecoin pools like DAI-WETH and USDC-WETH.
- Stake xSUSHI for a relatively low-risk, low-reward APY.
βοΈ Balanced:
- Diversify LP positions across multiple pools with varying risk levels.
- Participate in the liquidity mining program (if available).
- Consider locking xSUSHI for a slightly higher APY.
π₯ Aggressive:
- Concentrate liquidity in high-risk, high-reward pools like WBTC-WETH and WETH-USDT.
- Utilize leveraged positions (if available).
- Monitor the market for potential airdrop opportunities.
6. Security & Audit Status β β β β β
Sushiswap V3 has not been audited by reputable firms, and no bug bounty program is mentioned. The protocol's on-chain track record is relatively short, and no notable incidents have been reported. Impermanent loss estimates for top volatile pairs are not provided.
7. Overall Earning Potential β β β β β 3.0
Sushiswap V3 offers a range of earning opportunities with competitive APYs, but its security posture and unique mechanisms are areas for improvement. Top strengths include a favorable fee structure, diverse LP opportunities, and a relatively mature market. Weaknesses include a lack of auditing, limited staking options, and scarce incentive programs. Recommended for experienced DeFi users seeking competitive yields.