How to Multichain: Celo
Sushi on Celo
To start earning rewards, you’ll need to access a wallet, add $CELO, and connect to the Celo chain using the Sushi app.
Note: Celo only supports MetaMask, CeloWallet.app, and CeloTerminal to start (via Wallet Connect v2). Valora is not supported. This tutorial will focus on getting you started with MetaMask, but you may use any supported wallet you prefer.
Connect Your MetaMask to Celo
Step 1. Navigate to metamask.io and download a wallet.
Step 2. Follow each of the steps provided by MetaMask to set up your wallet.
Step 3. Select Networks and choose Custom RPC to add Celo.
Step 4. Follow these steps to add the Celo network to your MetaMask wallet.
Network Configuration for Celo Mainnet
Network Name: Celo (Mainnet)
New RPC URL: need new link
Chain ID: 42220
Currency Symbol (Optional): CELO
Block Explorer URL (Optional): https://explorer.celo.org/
Note: You can learn more about connecting MetaMask to Celo in this video
How to Add CELO Tokens to MetaMask
Step 1. Copy your Celo Mainnet account.
Step 2. Purchase $CELO from any available exchange (hint: we have it!)
Step 3. Send $CELO to your MetaMask wallet.
How to use the Celo Chain on Sushi with MetaMask
When using Sushi on the Celo Network, it will look and feel like your regular Sushi interface, with some slight changes. For starters, fees can be paid in ERC20 tokens, and not just the native token of the protocol, $CELO. For instance, transacting with cUSD, fees can be paid in cUSD as well.
Step 1. Go to https://app.sushi.com/swap
Step 2. Switch your network to Celo.
Step 3. Select the token you wish to swap from and to.
Step 4. Input the amount you wish to swap or click MAX.
Step 5. Click Approve
Note: Your swap may not proceed if the price impact is too high. If this is the case, please lower the number of tokens you are trying to swap.
Step 6. Allow Sushi to spend your tokens by confirming in your wallet.
Step 7. After this approval process, click Swap.
Step 8. Confirm the swap transaction fee from your wallet and voila! All done.
Liquidity & Yield Farming
You can also earn $SUSHI rewards using the Celo-hosted Onsen. To participate in the Onsen program, you need to provide liquidity to the Sushi exchange with your held assets. For doing this, Sushi’s revenue-sharing program rewards its liquidity providers with 0.25% of the 0.30% fee that is charged for every swap on the platform.
The Onsen program also takes this a step further and adds more liquidity providing incentives by allotting participants with $SUSHI token rewards. Let’s go through the steps together to step into Sushi’s Onsen on the Celo network.
Step 1. Go to app.sushi.com
Step 2. Switch your network to Celo
Step 3. Click the Farm tab to check which farms are available on the Celo network that you would like to join.
Note: In order for you to join an Onsen pair and start earning rewards, you need to add liquidity first, which we will outline next.
Step 4. Click the Pool tab.
Step 5. Select the tokens you wish to add liquidity to (must be a valid token pair!)
Note: When adding liquidity to a pair, both sides of the pair need to have an exact monetary value.
Step 6. Add the amount of tokens you wish to add to the pool of the first token. Our platform will automatically calculate 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 and 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 display 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.
Once the transaction completes, you will now be a $SUSHI farmer on the Celo network! When you refresh the Yield tab on app.sushi.com, you will see your assets farming away 24/7 under the subheading: Your Yields.
Click Harvest whenever you want to withdraw your $SUSHI to your wallet.
How to Remove Liquidity & Exit Onsen
So what if you want to hang up your hat and call it a day from being a farmer? Well, follow these simple steps to reverse what we just did above.
Step 1. Go to app.sushi.com
Step 2. Switch your network to Celo.
Step 3. Click the Yield tab to check which farms you are in — they will show at the top of the page under the subheading: Your Yields.
Step 4. Under the Deposited section, input the amount of LP tokens you wish to remove from the farm or click MAX.
Step 5. Confirm the transaction and their relevant fees from your wallet.
Step 6: On the same page, click Remove Liquidity and select the percentage you wish to remove. Slide the cursor to MAX to remove it entirely. Once selected, click Approve.
Step 7. To remove, you need to sign the SLP token agreement from your wallet. Click Sign from your wallet.
Step 8. After the signing processes, click Remove, then Confirm in the popup.
Step 9. Confirm the transaction and their relevant fees from your wallet.
Step 10. Click Pool and you should see your liquidity position under the tab Your Liquidity. If you cannot see it, please give it some time to load or refresh the page.
Step 11. On the liquidity pair you wish to withdraw click Manage, then Remove.
Step 12. Slide the cursor to the amount you wish to remove or click MAX to remove your position entirely, then click Approve.
Step 13. Sign the transaction in your wallet.
Step 14. After signing processes, click Remove, then Confirm in the popup.
Your assets should appear back in your wallet shortly.
Celo-brate with Sushi x Celo!
We hope you found this tutorial helpful and we hope you enjoy taking advantage of Sushi benefits through the Celo network!
Sushi is building a comprehensive DeFi ecosystem with AMM, leverage & margin trading platform, token launchpad and NFT artist platform. Follow our socials to keep up with our product launches and find out more on how you can make the most of your cryptocurrency assets with Sushi’s secure and powerful DeFi tools!