May 14, 2021
2 min read
Pendle is live on Onsen
31st August 2021 Update: Pendle’s Onsen pool on Sushiswap has moved from PENDLE/ETH pool to OT-SLP-PE/PENDLE pool.
The PENDLE-WETH pool is now part of Sushiswap’s Onsen program! PENDLE-WETH liquidity providers can now stake their LP tokens to receive Sushi rewards.
What is Onsen
Onsen is a secondary product launched by SushiSwap to initiate liquidity mining incentives on their platform, bringing new liquidity to upcoming token pairs. Increasing liquidity allows for a more efficient token swap with lower slippage.
How to earn liquidity rewards with SushiSwap Onsen
Step 1: Add Liquidity
If you are already a liquidity provider at Sushiswap’s PENDLE-WETH pool, go to step 2.
- Head over to Sushiswap app yield page (https://app.sushi.com/yield)
- Search for the PENDLE-WETH pair and select it.
- Click “Add Liquidity” to the PENDLE-WETH pair. You will be redirected to the Pool to add liquidity
4. Input the amount of PENDLE and WETH to add.
5. Add liquidity
Step 2: Deposit PENDLE-WETH LP Tokens
- Head over to Sushiswap app yield page (https://app.sushi.com/yield)
- Search for the PENDLE-WETH pair and select it.
- Input the amount of LP tokens to deposit. Select max to deposit all of your LP tokens.
- Deposit your LP tokens & earn Sushi rewards.
