How to Use Sushi on Harmony using the Harmony Bridge
On June 24, 2021, we announced the Full-stack partnership that Sushi has with Harmony, including the $4M in incentives for liquidity mining, Kashi, and also the $1M hackathon focused on onboarding software engineers from traditional finance to DeFi. Today, we’ll show you how to participate in the upcoming liquidity mining event on Harmony.
In this post, we’ll show you:
How to add the Harmony Network to your metamask
How to use the Harmony Bridge with Sushi
How to Yield Farm Sushi on Harmony
We’ve also included a simple infographic to use as a quick reference.
How to Add the Harmony Network to your Metamask
Step 1: Go to app.sushi.com
Step 2: Connect your wallet
Step 3: Click the button that says “Ethereum” in
the top right-hand corner
Step 4: Select the Harmony Network and if you don't see it, complete the steps below
Step 5: Approve the switch in your wallet, and done!
Follow the bridge tutorial with using the sushi token
Step 1: Go to app.sushi.com
Step 2: Switch your network to Harmony
Step 3: Click the Yield tab to check which farms are available on the Harmony network that you would like to join.
Step 4: Click the Pool tab
Step 5: Select the tokens for a valid token pair you wish to add liquidity to *Note, when adding liquidity to a pair, both sides of the pair need to have exact monetary value.
For example: [$100 1USDC / $100 ONE], would be [100 USDC / 1525 ONE] at time of writing
Step 6: Add the amount of tokens you wish to add to the pool of the first token. The Sushi platform will automatically add the equal monetary value of liquidity to the second asset, given there is sufficient balance
Step 7: Approve Sushi to access your tokens from your wallet
Step 8: Click Supply, then Confirm Supply in the popup
Step 9: Approve the transaction and relevant fees from your wallet, you will now receive your liquidity pair or LP tokens
Step 10: Once the transaction approves, click the Yield tab and click the yield farming pair you wish to join, you should see your Wallet Balance now displays your received LP tokens
Step 11: Input the amount of LP tokens you wish to add to the farm or click MAX
Step 12: Click Approve
Step 13: Allow Sushi to spend your SLP tokens from your wallet
Step 14: Click Deposit
Step 15: Confirm the transaction and the relevant fees from your wallet
If you have any questions or problems, you can always contact the Harmony team at harmony.one/telegram. They have a super helpful and welcoming community and are happy to assist you.
The rewards for Sushi staking are in Wrapped ONEs on Harmony. Please add this contract address as a token to your Metamask:
0xcF664087a5bB0237a0BAd6742852ec6c8d69A27a
You may use Sushi Swap itself to exchange between WONEs and ONEs.
Swap is a Uniswap v3 Fork on Harmony. The decentralized exchange (DEX) gives users access to capital efficient liquidity pools.
Uniswap v2 required all users to provide liquidity across the entire price curve from 0 to infinity, Uniswap v3 allows Liquidity Providers (LPs) to optionally concentrate capital in the price range they believe will generate the highest return.
Sushi and Harmony are coming together to deepen our partnership and launch a full suite of Sushi products on Harmony.
Specifically:
$2 million in liquidity mining rewards for Sushi on Harmony
$2 million in rewards for Kashi borrowing/lending on Harmony
Onsen ONE<>ETH Yield Farming Pair
Sushi-specific hackathon challenges with $100,000 in prizes as part of our $1M hackathon
MochiSwap is a decentralized Multichain DEX DAO utilizing Harmony ONE, Binance Smart Chain along with a growing list of prospective Blockchains.
MochiSwap is not chain centric, the principles stand with being Blockchain Agnostic and a core mission to bring DeFi and Decentralization to the entire world.
Links: community, docs, farming
Unifi Protocol is a group of non-custodial, interoperable, decentralized, and multi-chain smart contracts providing the building blocks for the next generation of DeFi development. Unifi provides a bridge to connect the existing economy of Ethereum-based DeFi products to growing DeFi markets on other blockchains.
Links: community, medium, unifi report
OpenSwap is a Defi Protocol to Empower Ethereum Users With subtly low tx fees. Built on Harmony BlockChain.
Links: community
Platform for ONE token holders to convert their tokens into other crypto and fiat pairs with atomic swaps.
Jelly Swap enables peer to peer trades across different blockchains. It is an automated cross-chain exchange and is decentralized, permissionless and open-source. Everyone can participate, provide liquidity, and execute swaps. It offers fiat/crypto on & off ramps and has a unique market making model.
Balancer is an asset management platform that acts as an automated portfolio manager, liquidity provider, and price sensor.
SwapCat is a decentralized Multichain DEX utilizing Harmony ONE and most other EVM-blockchains.
SwapCat allows feeless fixed-price direct wallet-to-wallet trading of HRC20 assets.
