Sushi Tokenomics

Below is a link to main SUSHI Tokenomics:
https://help.sushidocs.com/faqs/tokenomics

Let’s read/post high level on how it works in this thread.

SUSHI Tokenomics Main Points

250M Cap

2/3rds of $SUSHI earned go into a lockup address and be later distributed to the LPs who earned it from the farm.

New Sushi is created at 100 Sushi per block for tokens that are staked in the farms on sushiswapclassic.org/farms

Staking
https://help.sushidocs.com/products/sushiswap-staking-sushibar-xsushi

When users make trades on the SushiSwap Exchange a 0.3% fee is charged.
0.05% of this fee is added to the SushiBar pool in the form of LP tokens for the relative pool.
When the rewards contract is called (minimum once per day) all the LP tokens are sold for Sushi (on SushiSwap Exchange).
The newly purchased Sushi is then divided up proportionally between the xSushi holders in the pool, meaning their xSushi is now worth more Sushi.

It started as 1 Sushi = 1 xSushi, but just like LP tokens the price of xSushi changes over time depend on how many Sushi rewards are in the pool.

Governance
https://help.sushidocs.com/faqs/governance

Currently votes are managed on snapshot.page and are based on SushiPowah.

SushiPowah is a voting metric, where you get 1 vote per 1 SUSHI-ETH SLP token you have locked into the sushiswapclassic.org/farms

My summary… pretty much in line with what you’ve already covered:

The hard cap for Sushi is 250M tokens which should be reached by Nov-2023.
The current emission rate is 40 sushi/block, and that rate is reduced each month.

LP providers on the platform earn 25bps on all swaps (in the pool they are providing liquidity for) and Sushi tokens which are distributed as as follow:

  • 1/3 can be harvested immediately,
  • 2/3 are locked and vest after 6 months.

Once harvested, Sushi tokens can then be either:

  • staked in the sushi bar (no commitment in terms of time. Users can stake/unstake whenever). Staked sushis are represented by xSushis.
    xSushi holders automatically earn fees: 5bps of all swaps on the site (including multichain: Ethereum, BSC, Solana, FTM / I’m not sure on which chains other than Ethereum, SW is already live).
    Those fees are allocated between all xSushi holders proportionally to their share of the SushiBar. This is achieved by calling the rewards contract (at least once per day): the 5bps in LP tokens which were set aside are sold on SushiSwap Exchange for Sushi and the proceeds are then distributed to the stakers in the Sushibar. The Sushi to xSushi rate is therefore gradually increasing.
  • added to liquidity pool (Sushi-wETH LP).

Both stakers (xSushi holders) and Liquidity providers (Sushi-wETH LP) receive DAO voting power in the form of SushiPowah.

  • Each Sushi in the Sushi-Eth pool is worth 2 Sushipowah
  • Each Sushi held via xSushi tokens equals 1 Sushipowah

Quorum for a vote to pass is 5 million SushiPowah.

i think the information on this page is more up-to-date: 📊 The Basics - Sushi
(“docs.sushi” rather than “help.sushi”)