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What is Sushi Liquidity Provider (SLP) Token?

2023-11-08 14:21
1 min.
Daniel Rivera
Crypto Terms Glossary: What is Sushi Liquidity Provider (SLP) Token?

Sushi Liquidity Provider (SLP) tokens are the platform-specific term for liquidity provider (LP) tokens on the SushiSwap protocol. SLP tokens represent a proportional share of pooled assets in a particular SushiSwap liquidity pool. If, for example, a user provided liquidity to a liquidity pool for ether (ETH) and sushi (SUSHI), they would receive SUSHI-ETH SLP tokens.

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