ChainGuardians Incentivise $CGG LP on Sushi

ChainGuardians incentivise LP on Sushi with rewards provided in cTokens — here’s everything you need to know about the upcoming campaign

5 min readAug 31, 2023

ChainGuardians incentivise LP on Sushi
SushiSwap will be the primary focus for $CGG LP
A new CG Blockchain Superhero will be released representing Sushi
The campaign launches on 5th September — head to https://www.chainguardians.io/sushi for more information

ChainGuardians is thrilled to unveil an exciting new opportunity to the ChainGuardians community. Providers of $CGG/$MATIC, $CGG/$USDC, or $USDC/$MATIC liquidity on Sushi are now able to earn $cSUSHI tokens that may be redeemed for the ChainGuardians Sushi-themed Blockchain Superhero, Sushi Chef Kairi!

What is Sushi?

Sushi is a leading multi-chain decentralised exchange (DEX) deployed across 25+ chains and featuring unique cross-chain swaps. Focusing on seamless user experiences, innovative trading, and enhanced liquidity provisions, Sushi is committed to being a community-built, open-source ecosystem of all the DeFi tools you need.

Sushi cSUSHI-Incentivised LP Explained

As a way of concentrating $CGG liquidity to enable more advantageous AMM swaps, ChainGuardians will migrate the majority of DEX liquidity to SushiSwap. This will establish SushiSwap as the go-to exchange for $CGG swaps on available chains.

To encourage community participation in providing liquidity, liquidity providers interacting through either Sushi or Merkl will earn $SUSHI as well as $cSUSHI tokens that may be redeemed for the new ChainGuardians Blockchain Superhero representing Sushi, Sushi Chef Kairi.

300,000 $cSushi tokens will be allotted as follows (all farms, pools, and $cSUSHI issued on Polygon):

30% to the Sushi $CGG:$MATIC farm
30% to the Sushi $CGG:$USDC farm
20% to the Sushi $USDC/$MATIC farm
5% to the Sushi $cSUSHI:$CGG pool
15% to ChainGuardians staking and NFT Mining

Polygon CGG:MATIC Pool: https://www.sushi.com/pool/137:0x00a3849259759F8177D92080f47627f241C55904/
Will be distributing 33.48 cSUSHI / hour.

Polygon CGG:USDC Pool:
https://www.sushi.com/pool/137:0xbC09a47545d34Ed033Dc3F3146FC00a544beFEB9/
Will be distributing 33.48 cSUSHI / hour.

Polygon Matic/USDC Pool:
https://www.sushi.com/pool/137%3A0x21988c9cfd08db3b5793c2c6782271dc94749251
Will be distributing 22.32 cSUSHI / hour.

How to Create, Add to, and Manage Sushi’s V3 Concentrated Liquidity Pools

Sushi’s V3 Concentrated Liquidity Pools provide high-capital-efficiency liquidity on Sushi. $CGG/$MATIC, $CGG/$USDC, and $USDC/$MATIC liquidity provided on Polygon will be eligible for $cSUSHI token rewards provided by ChainGuardians as well as for $SUSHI rewards provided by Sushi.

To add to an existing concentrated liquidity pool incentivised by $cSUSHI:

Navigate to the Sushi app and select Enter App in the upper right corner. Make sure your wallet is connected and set to Polygon.
Choose Polygon from Networks and search for either $CGG/$MATIC, $CGG/$USDC, or $USDC/$MATIC.
Select New Position. Please be aware that the pools’ fees are 1% for $CGG/$MATIC and $CGG/$USDC pairs, and 0.05% for $MATIC/$USDC. Only those pools will give you $SUSHI and $cSUSHI tokens as rewards.
Following step 3, you will be directed to initialise the new pool if necessary and then to set the price range from which you will earn fees. Simply adjust by using the two input boxes to define the minimum and maximum values of the desired liquidity range. This will automatically update the visualisation of the price range on the screen for review. Note: The price range you select represents the degree to which you think the price will fluctuate over time, so make an informed choice.
Approve the associated transaction in your wallet.

Note: The price range you select represents the degree to which you think the price will fluctuate over time, so make an informed choice.

To remove liquidity from a concentrated liquidity pool:

Navigate to the appropriate Pools page with your wallet connected to the correct network. Once there, select the My Positions option located near the top of your screen.
Select the pool from which you are removing liquidity to enter that position’s page. Select the Decrease Liquidity tab at the top, choose the percentage amount of liquidity you want to remove, and select Remove.
Approve the associated transaction in your wallet.

Pool rewards are available for collection from both the Sushi and Merkl websites.

Sushi Chef Kairi is the latest addition to ChainGuardians’ Blockchain Superheroes

Sushi Chef Kairi is the latest intrepid defender of decentralisation to join the ranks of ChainGuardians’ Blockchain Superheroes. Kairi stands tall as the ultimate sushi sensei. His masterful hands and sharp insights transform the vast digital oceans into a platter of the most exquisite ‘return rolls’ the Cryptoverse has ever feasted upon.

$cSUSHI tokens are redeemable on ChainGuardians’ staking page for the Sushi Chef Kairi NFT at a ratio of 100:1. As always, experienced community managers are available for assistance through the links provided below.

Forging Ahead

This collaboration with Sushi furthers ChainGuardians’ mission of providing the very best experience to our community. Looking ahead, community members can look forward to a continuous stream of carefully selected collaborations as the ChainGuardians team continues to build out a Web3 gaming ecosystem worthy of the time and talent our dedicated users have committed to the cause of developing the decentralised future they deserve.

About Sushi

Sushi is a leading multi-chain decentralised exchange (DEX) deployed across 25+ chains and featuring unique cross-chain swaps via SushiXSwap. Focusing on seamless user experiences, innovative trading, and enhanced liquidity provisions, Sushi is committed to being a community-built, open-source ecosystem of all the DeFi tools you need.

About Merkl

Merkl is an incentive mechanism by Angle Labs for concentrated liquidity relying on a novel approach whereby liquidity providers are rewarded based on the usage of their liquidity. Rewards are distributed according to a formula customisable by the entity incentivising the pool, introducing no additional risk as funds stay on the AMMs.

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About ChainGuardians

ChainGuardians is the world’s first blockchain meets superheroes ecosystem. Our vision is to achieve mass adoption in Blockchain Gaming through evolved NFT use cases, collaborations, cutting-edge technological advancements, world-class art, and immersive game experiences.