Three types of returns in one go! Earning 100% annually on SushiSwap on Polygon

If you are optimistic about the future development of MATIC, SUSHI, and ETH, providing liquidity on SushiSwap with WMATIC/WETH to earn returns from both tokens at once might be a good choice.

Matic Network is a Layer 2 scalability solution designed to ease the burden on the Ethereum network when processing a large number of transactions, capable of handling 4,000 to 10,000 transactions per second.

Recently, Polygon MATIC has shown strong performance with a 7-day increase of up to 124%; the upcoming major upgrade of SushiSwap is also gradually deploying on various mainstream chains, including Polygon.

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The DeFi all-in-one management platform "Zapper" recently published a tutorial on how to participate in liquidity mining on SushiSwap on Polygon, summarizing the process.

SushiSwap on Polygon

SushiSwap has been deployed on Polygon, BSC, Fantom, xDAI, Avalanche, HECO, Harmony, and OKex. In addition to providing more options for SushiSwap users, the low transaction fees and additional mining rewards released by Polygon are also important factors.

SushiSwap on Polygon offers:

• BentoBox: Token vault infrastructure with high capital utilization, high yield, low Gas fees, and one-time permanent approval.
• Kashi Market: A lending protocol similar to Compound/Aave, which is a new upgraded version of the original BentoBox proposal.
• Yield: A SushiSwap yield aggregator where users can stake LP tokens SLP or Kashi tokens kmTokens to earn SUSHI and WMATIC rewards.

Additional WMATIC Rewards for LPs

The Polygon official is providing additional rewards for SushiSwap liquidity pools, allowing users to earn SUSHI and WMATIC token mining rewards in addition to the original transaction fees. The current trading pairs include:

WMATIC / WETH
AAVE / WETH
USDT / WETH
USDC / WETH
DAI / WETH
CRV / WETH
USDC / USDT
WBTC / WETH
LINK / WETH

Obtain WMATIC, SUSHI, and Transaction Fee Revenue at Once

1. Use the cross-chain bridge Zapper Bridge to transfer assets to the Polygon chain.

2. Open Zapper Liquidity Pool page.

3. Switch the Ethereum network to Polygon.

4. Check the preferred pool on SushiSwap Polygon Analytics, such as the one with the highest yield.

5. The author selects WMATIC / WETH because it offers the highest APY of 96.15%.

6. Return to the Zapper Liquidity Pool page, click "Invest," and Zapper will automatically convert the deposited assets into a 50/50 ratio asset for the liquidity pool. Users need to confirm two executions:

• Approve token transfer.
• Confirm token deposit.

7. Go back to SushiSwap Polygon's Yield page and stake the LP tokens received from investing in WMATIC / WETH.

Zapper aims to allow users with less technical expertise to easily participate in DeFi and has integrated with multiple DeFi protocols. Recently, it announced the completion of a $15 million Series A funding round.

The above is the complete process of adding liquidity to SushiSwap on Polygon. If you still feel that the risks of altcoins are too high, you can also earn stable returns through the commonly known "freeloading" USDC / USDT trading pair.