How do I acquire Sushi ETH-DAI LP tokens?

Sushi ETH-DAI SLP Guide

Follow these steps to acquire the ETH-DAI SLP token. You will need a wallet, such as MetaMask and some ETH. You can get ETH-DAI SLP at app.sushi.com

  • Navigate to app.sushi.com, connect your wallet and login.

  • If you have only ETH, swap some ETH for DAI

  • You need to provide liquidity using equal parts of ETH and DAI

  • Select Liquidity and add equal parts ETH and DAI

  • Receive ETH-DAI SLP tokens.

  • Navigate to Force DAO dashboard.

  • Authorize Deposit, Deposit ETH-DAI SLP, receive xETH-DAI SLP, Authorize Stake, and finally Stake xETH-DAI SLP tokens.

1. Navigate to Sushi.com

Navigate to app.sushi.com and connect your wallet.

2. The process of creating an ETH-DAI SLP

Once you have connected your wallet, click on "Liquidity" in the box to the right of the swap screen, as shown on the image below.

If you already have both ETH and DAI, you can skip the next section, if you have only ETH you need to convert some ETH to DAI. This needs to be completed on the Swap tab. There are a couple of steps that will be involved:

  1. Approve ETH for usage on Sushi

  2. Swap ETH for DAI

Once you have decided how much ETH to swap for DAI, click Swap. At that point, Sushi will ask you to confirm the transaction, as per below.

Congratulations! You now have both ETH and DAI which will enable you to create an ETH-DAI SLP.

Now you need to move to the Liquidity Tab

To create an ETH-DAI SLP, choose ETH or DAI from the top drop down that says Select Token and DAI or ETH from the lower drop down so that it looks like this image..

To create an SLP, you will need equal parts of both assets. Sushi will work this out for you.

3. Approvals

As you may be a new user to Sushi, you will need to approve your DAI, this is a one time activity and once its approved you should not have to approve again.

4. Supply your Assets to Create ETH-DAI SLP

You are now ready to supply your equal parts of ETH and DAI to create an ETH-DAI SLP.

Once your supply is confirmed, you’ve made an ETH-DAI SLP, for the next steps..

5. Navigate to Force DAO dashboard

Navigate to Force dashboard and select the ETH-DAI strategy

6. Authorize Deposit, Deposit ETH-DAI, receive xETH-DAI, Authorize Stake, and Stake xETH-DAI tokens

Now that you are ready to place your ETH-DAI SLP into the vault, there are a few steps to finalize your position. Each token in your wallet must first be authorized to be deposited into the vault, followed by depositing. After the token is deposited into the strategy you will see this screen

To earn Force rewards you need to deposit your xETH-DAI Token under the rewards tab

And now you are all set!

Harvest of rewards happens every couple of days so your earnings will be updated once that happens. Happy investing!