Sushi Farm Launches: Automated Farming for Sushi
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Sushi Farm Launches: Automated Farming for Sushi
The contract has not been reviewed, please be extra cautious.
Navigating Web3 tides with focused insightsSushi Farm is a yVault-style aggregator on SUSHI that uses SUSHI to farm the SUSHI/ETH trading pair. Anyone can harvest SUSHI every hour, sell half of it, and then re-provide liquidity.
To save gas fees, this contract is suitable for small-scale farmers to pool their farming efforts.
Contract addresses:
SUSHI Farm:
0xa0508a94848fc6c1bed5597905cd7d2bba4a959a
gSUSHI:
0x339d73f9a0fbd064ea81f274437760a9db934806
Source code:https://github.com/abstracted-finance/sushi-farm
https://github.com/abstracted-finance/sushi-farm-frontend
The functions of this contract include:
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Deposit SUSHI to mint gSUSHI
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The contract exchanges half of your SUSHI for ETH to create a SUSHI/ETH liquidity pool.
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Then deposits into the MasterChef contract to farm SUSHI.
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Every hour, anyone can call harvest() to collect SUSHI rewards, half of which will be swapped for ETH and re-deposited into MasterChef as liquidity. This way, you earn 0.05% yield from farming.
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When withdrawing, you must burn gSUSHI to retrieve SUSHI.
Note:
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The Sushi Farm mechanism incentivizes users who call the Harvest() function with 0.05% of the Sushi yield; therefore, compared to farming on your own, you will lose 0.05% in revenue.
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It's best to withdraw after someone else has harvested; otherwise, you'll miss out on previously accumulated rewards.
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Withdrawal gas fees will be higher than usual, making it unsuitable for small investors conducting short-term operations—please proceed with caution.
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The contract has not been audited—please exercise extreme caution.
How to farm SUSHI on Sushi Farm?
Here’s a detailed guide:
1. Obtain SUSHI through liquidity mining or purchase it on Uniswap.
2. Go to https://sushifarm.netlify.app/ and connect your Metamask wallet.
3. You’ll see a dashboard including functions to deposit and withdraw SUSHI.
4. Click “Max” and deposit your SUSHI.
After the transaction completes, you will receive gSUSHI, which represents the tokens being used by Sushi Farm.
In summary, similar to yVault, this contract is ideal for small-scale farmers—you can save gas fees during harvesting and automatically reinvest yields back into the farm, generating hourly compounding returns!
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