MasterChef is a smart contract that distributes SUSHI rewards to users staking their tokens. To compete with other AMMs - Sushi needs liquidity. In order to attract more liquidity, Sushi gives out incentives ($SUSHI) to users who add and stake their liquidity (Sushi LP) tokens.
By staking their SLP tokens, users will earn fees from swaps or lending and extra SUSHI incentives (double rewards)! 🍣💵
MasterChef Implementations
There are three different implementation types of MasterChef, each with a different focus for different situtations:
- MasterChefv1: The main contract on the Ethereum network that rewards $SUSHI to users for staking their LP tokens
- MasterChefv2: Secondary contract on the Ethereum network. It is built on top of MasterChefv1 and gives 2 different type of tokens as a reward. e.g Users will receive SUSHI & another token as their staking reward
- MiniChef: This contract is mainly deployed on various EVM compatible chains (AVAX, FTM, CELO etc.). It is similar to MasterChefv2, in which it also gives 2 different type of tokens as a reward
You can find the contract addresses for each relevant deployment through our technical documentation.
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