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We're excited to announce that automatic tax token support is now available on Sushi, simplifying transactions involving tax tokens.
What are tax tokens?
Tax tokens are cryptocurrencies with an embedded transaction fee or "tax." This fee applies to each buy, sell, or transfer operation. Designed to support project funding or incentivize specific behaviors among holders, tax tokens introduce a unique dynamic to the crypto ecosystem. Dive deeper into the concept of tax tokens here.
What's New?
Sushi automatically detects when you're trading a tax token and directly integrates this information into the transaction process. Upon initiating a swap that involves a tax token, the interface promptly displays the applicable tax percentage.
If you're trading a token with a 3% tax, there's no need to tweak your slippage settings — the platform automatically shows it and accounts for this, ensuring your transaction is processed smoothly without additional steps. Note: you will only be able to see the token tax % after approving your token to be swapped.
This eliminates the guesswork and the need for manual slippage adjustment, greatly simplifying your trading experience.
Ongoing Mission
Improving your DeFi experience remains our top priority. With this update, we aim to make trading on Sushi smoother and more accessible for everyone. Stay tuned for more enhancements in the future!
