Introduction to Liquidity Provision on Sushi.com (Polygon Network)
Liquidity providers (LPs) play a crucial role in decentralized finance (DeFi) by enabling smooth trading on decentralized exchanges (DEXs) like Sushi.com. By supplying equal values of tokens to a liquidity pool, LPs facilitate seamless token swaps, contributing to the overall health and efficiency of the DeFi ecosystem.
On Sushi.com, when you provide liquidity to the $BCTS/$WETH pool on the Polygon network, you earn rewards in the form of $SUSHI tokens. This incentivizes LPs to maintain liquidity in the pool, ensuring that traders can easily exchange $BCTS and $WETH with minimal slippage. The rewards are automatically distributed based on your share of the total liquidity pool, allowing you to earn passive income while supporting the DeFi ecosystem.
