HHK-ETH

@HHK-ETH

Joined on Mar 15, 2021

  • Go on contract page on polygonscan: https://polygonscan.com/address/0xed253733a7a4bf8bdbaa5579c8a9829862255485#writeContract. Connect your wallet. Scroll to "2. mint" Enter 0 in the first field if you are the owner, enter 3 if you are a normal user as it costs 3 matic to mint (:warning: do not send more than 3 matic per mint, it will only mint 1 NFT per transaction), profits will be sent to charity. Enter the address that should receive the NFT in the second field. Click write and confirm in your wallet. Wait 2/3 minutes and you should receive the NFT in your wallet, can also see it on opensea: https://opensea.io/collection/sushi-hime.
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  • Masterchef if the original contract that has been created on Ethereum mainnet to mint Sushi tokens and give them as rewards to liquidity providers that stake their SLPs. Recently two new version of masterchef went out: MasterchefV2: Its on Ethereum network, it is built on top of MasterChefv1 and allows 2 (or more) different tokens as reward. This means users can receive SUSHI + another token. MiniChef: Its the contract used on other networks, its really close to MasterChefv2 as it also allows 2 (or more) different tokens as reward.
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  • 2* reward farms are farms where you can stake your SLP tokens to earn Sushi + another token as rewards on top of trading fees. These farms use a new contract called MasterchefV2 (minichefV2 on sidechains). This allows other projects to incentive liquidity by adding their tokens as rewards on top of existing Sushi rewards. You can learn more about masterchef here.
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  • On sushi you can stake two type of tokens: SLP tokens: tokens you receive when adding liquidity on Sushi. KMP tokens: tokens you receive when lending on Kashi. On the farm UI you can look for: "Kashi farms" if you want to stake KMPs. "Sushiswap farms" if you want to stake SLPs.
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  • To remove liquidity you first need to have your SLPs in your wallet, if you staked them in the farm you will need to unstake. Here is how: Step 1: Go to https://app.sushi.com/farm, find the pair you want to unstake in "All farms" or "Your farms" and click on it. In this example we will use MATIC/ETH pair on polygon. Step 2: After clicking on the pair, go to "staking" (might need to click on "Manage position" first), select withdraw and enter the amount of SLP to unstake. Step 3: Click on "Confirm withdraw" and confirm the transaction in your wallet.
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  • After staking in the farm, you will start earning Sushi rewards. At some point you may want to harvest them. Note: Some farm automatically harvest the rewards on staking and unstaking. This is the case for: Pools on ethereum mainnet (Except 2* rewards farms). Pools on other networks (Polygon, CELO, Moonriver etc....). If you need to harvest manually, here is how to do it:
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  • After adding liquidity (see how to add liquidity), you will receive an SLP token (Sushi Liquidity Provider token). This token represent your liquidity, you will need it to redeem your underlying assets. This token can potentially be staked in the Farm (masterchef) to earn Sushi rewards on top of trading fees. Here is how to stake your SLPs: Step 1: Go to https://app.sushi.com/farm, find the pair you added liquidity in and click on it. In this example we will use Matic/Eth pair on polygon. Note that not all pairs can be staked.
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  • Multisig wallets are wallets that require a defined amount of different signature to execute a transaction. The most used multisig on Ethereum is Gnosis-safe multisig. It's a smart contract wallet. At the creation you define the other addresses/wallets that will be co-owner of the multisig with you as well as the signature treshhold to execute a transaction. For example if you are 5 signers you can define that transactions will be executed if 3 wallets on 5 have signed. Multisigs allows you to share wallets and treasuries security between multiple user/team members reducing trust assumptions and security vulnerabilities.
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  • Snapshot is a decentralized voting system. It provides flexibility on how voting power is calculated for a vote. Snapshot supports various voting types to cater to the needs of organizations. Creating proposals and voting on Snapshot is user-friendly and does not cost gas as the process is performed off-chain. In short, Snapshot is an off-chain gasless multi-governance client with easy to verify and hard to contest results. On Snapshot is: Free (gasless) to create proposals and vote on them. Votes are signed messages easily verifiable online. Multiple voting systems - Single choice, Approval voting, Quadratic voting, and more. Flexible voting strategies to calculate voting results - vote with ERC20s, NFTs, other contracts, and moreSpaces can have their branding with custom color schemes and domain nameFully . open-source with MIT license.
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  • If you have an idea to improve Sushi that needs to be approved by the community creating a proposal on the forum is the best place to get feedback and share it with the sushi holders. It's very easy to create a proposal: Step 1: Go on https://forum.sushi.com and create an account. Step 2: Then back to the home page and click on "new topic". Step 3: Write your proposal and post it! Step 4: To get more traction, don't hesitate to share it on discord and twitter.
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  • Everyone is welcome to participate and get involved into the Sushi DAO! Here is how to join and get involved into the governance: Follow @SushiSwap on twitter to be aware of every new launchs and products. Join the Sushi discord and start chatting with Sushi community. Join DAOs calls and AMAs on discord. Join the governance forum, comment and create new proposals. Vote on snapshot when proposal voting are live.
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  • As a DAO, Sushi is built to be ultimately governed by its community. Sushi community members can decide, participate and contribute to the project and its future. Whereas major structural changes are voted on by the community and everyone is welcome to contribute, the day-to-day operations, rebalancing of pools and ratios, business strategy, and overall development are ultimately decided on by the core team. Treasury Sushi has a treasury where 10% of SUSHI emissions are sent, to cover expenses and core team salaries. Compared to some projects, the Sushi treasury is not controlled by on-chain votes.
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  • DAO stands for Decentralized Autonomous Organization. It's an organization using blockchain and smart contracts as a coordination mecanism. The idea is to remove centralized leadership of a project/group and make it member-owned by replacing traditional organisation infrastructure with on-chain and open-sources rules defined inside smart contracts. Because anonymity is important in crypto, DAOs also allows you to reduce trust assumption when working with strangers by defining shared rules between all DAO members, you only need an address ! It's an effective and safe way to work with like-minded folks around the globe. Comparison between a DAO and a traditional organization :
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  • Inari smart contract currently integrates three strategies. Here is how to interact with each of these strategies : Sushi to xSushi in BentoBox : Step 1: Click on "SUSHI -> Bento" and enter the amount of Sushi you want to convert, then if it's your first time interacting with Inari you'll have to approve the contract. Step 2: If it's you first time with Inari you will also have to approve BentoBox. Good for you, it's only a signature so it doesn't cost gas! Step 3: You can now execute !
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  • One-Click Strategies with Inari allows you to take your Sushi and invest in various strategies with one click! Saving gas cost and time. Earn extra yields with BentoBox, use as collateral on other platforms, and more! Inari smart contract currently integrates three strategies : Sushi to xSUSHI in BentoBox Sushi to xSUSHI on Cream Sushi to xSUSHI on AAVE
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  • Elastic interest rate means that interest payed by borrowers on Kashi don't increase instantly when utilization goes up. By using elastic interest rate we try to optimize utilization, the target is between 70% and 80%. When above 80% the interest rate will rise up to 1000% APR, bellow 70% it will start to drop with a minimum of 0.25% APR. The APR evolution is determined by utilization and time, closer it is to 70%-80% and less it will change and the further is is higher is the evolution up to halves every 8 hours if 0% utilization and double every 8 hours if 100%. Here is a chart explaining the interest change :
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  • Tenderly allows you to fork any compatible network and connect to it with your wallet (ex: metamask), this can be very useful when you want to make some tests. Step 1: First step is to get onto the fork page where you can see all your forks and then click on "create fork". Step 2: You can select the network you want to fork as well as the name of the fork. Step 3: Once the fork created, it redirects you to a dashboard where you will see all the transactions that happen on this fork. In the URL, you can see the api key to use in the metamask RPC. Step 4: You can now switch to this network and try most dapps. Gas price is 1 gwei.
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  • Tenderly allows to monitor contracts and send alert when a specific function is called or an event emitted. Step 1: Go the the alert page Step 2: Click on new Alert Step 3: Select the type of alert, in our example it will be an alert on a function call. Step 4: Select the contract and the function. In our example we will monitor the vesting contract and its updateMerkleRoot function.
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  • TL:DR Sushi base layer. All future Sushi apps will be build on top of it. App built on top benefits from gas cost reduction, extra yield for unused assets, simplified token approval and more... Table of content What is BentoBox ? What are the benefits of BentoBox ?
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  • On tenderly you can add any contract and simulate transactions. Step 1: Find the contract you want to interact with, in this example we will use the SushiBar contract. Find the address and enter it in the search bar. Step 2: Add the contract to your project. Step 3: Go in the contract tab and find the contract you just added and click on it. Step 4: Once on the contract page, click on simulate a transaction.
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