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Perpetual

Focus: Eligibility, snapshot date, token reward analysis.

Overview

What is Sushi?

Sushi is a decentralised exchange that works on many chains and lets you swap tokens, provide liquidity, trade perpetuals, and farm yields. It started in August 2020 and has since grown into one of DeFi’s longest-running protocols, working on dozens of chains and processing billions of dollars in total volume.

Sushi’s perpetuals platform lets traders take leveraged positions on major assets in addition to spot trading. As of April 2026, perps activity now earns points. The protocol has raised $3.3 million from investors like DeFiance Capital, Blockchain Capital, and Astronaut Capital. This makes it more likely that it will last in a crowded DEX market.

The current perps program runs on Arbitrum, which gives traders a fast, cheap place to trade with leverage and earn points at the same time.

Key Points

  • Airdrop Allocation: TBA
  • Distribution Method: Points-based (perps trading activity)
  • TGE Date: $SUSHI is already live

Participation Guide

  1. 1

    Step 1: Get ETH & USDC on Arbitrum

  2. 2

    Step 2: Go to the Sushi Perps Platform

  3. 3

    Step 3: Link Your Wallet

  4. 4

    Step 4: Deposit USDC and Start Trading

  5. 5

    Step 5: Monitor Points Program Updates

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