cSUSHI wallet

What is cSUSHI (CSUSHI)?

Supply SUSHI to Compound's v2 market and the contract returns cSUSHI, an ERC-20 receipt for that deposit. The relationship between the two is an exchange rate held by the contract, not a fixed ratio, and it moves in one direction as the market's borrowers pay their interest.

A few things about this particular receipt catch holders out. SUSHI itself is a token people tend to move around, farm with and stake; once it becomes cSUSHI it is out of all of that and is simply a claim ticket. cSUSHI is also not accepted by SushiSwap's own contracts, so it cannot be staked or pooled there. And since it is a v2 cToken, everything that matters about it, minting and redeeming, happens at one specific Compound contract on Ethereum rather than in any user interface.

Redeeming, transferring or approving cSUSHI is an ordinary Ethereum transaction, which means ether for gas, held separately from the position itself, every single time.

Keeping it

A Tangem card signs by touching it to the phone, with no cable, no charging and no separate device to wake up, and the ETH you need for gas lives in the same wallet as the cSUSHI it pays for. When the moment to unwind the position arrives, everything required is already in one place and in your pocket.

Supported networks in Tangem (1): Ethereum.