xSUSHI
Coverage of xSUSHI in the Nexus archive.
- Why do people sleep on staking DEX tokens? Asking because of my experience with SUSHI
The article discusses the user's experience with staking SUSHI tokens, highlighting the mechanism where staking SUSHI earns xSUSHI and fees from trading pools are used to buy back SUSHI for stakers. Despite SUSHI's historical trading volume and fee generation, the token's price remains low, raising questions about whether the market undervalues fee-generating DEX tokens in favor of narratives and momentum.
- serious question why do tokens with nothing behind them run harder than tokens with real usage
The article questions why tokens without real products or usage often outperform established ones like SUSHI, which has a real protocol, users, and a fee-sharing model. It highlights SUSHI's history since 2020, its paused and resumed buyback system, and the author's confusion over market dynamics prioritizing stories over fundamentals.