Sushi

Sushi is a decentralized exchange operating across multiple networks that enables users to swap tokens, provide liquidity, trade perpetual contracts, and farm yields. Launched in August 2020, it has become one of the longest-running protocols in the decentralized finance space, supporting dozens of chains and processing billions of dollars in total volume. To sustain its operations within a highly competitive market, the protocol has secured $3.3 million in funding from prominent investors including DeFiance Capital, Blockchain Capital, and Astronaut Capital. While the native $SUSHI token is already live, Sushi has introduced a points program on its perpetuals platform to reward user activity. As of April 2026, perpetual trading on the Arbitrum network earns points, utilizing a fast and cost-effective infrastructure to incentivize leveraged trading activity.

How to Participate in the Sushi Airdrop

1. Get ETH & USDC on Arbitrum: Set up an EVM-compatible wallet, such as Rabby, and fund it with a small amount of ETH to cover network gas fees along with some USDC to serve as your trading capital. If needed, you can purchase ETH on an exchange like Binance and withdraw it directly via the Arbitrum network.
2. Access the Sushi Perpetuals Platform: Navigate to the dedicated Perps section on the official Sushi website.
3. Link Your Wallet: Click on the "Connect Wallet" option, select your wallet provider, and accept the connection request. Ensure your network is explicitly set to Arbitrum.
4. Deposit USDC and Execute Trades: Choose an available trading pair, select your desired leverage, determine your position size, and deposit your collateral. Please verify the token approval amount; authorize only the specific amount required for the transaction. Confirm the transaction in your wallet to initiate trading. Each executed trade accumulates points, which benefit from an early-trader multiplier that remains active for the entirety of the current season.
5. Maintain Ongoing Activity: Instead of executing a single large transaction, implement a sustained strategy of regular trading throughout the season. Consistent participation will build up points more effectively for future leaderboard rankings.
6. Monitor Points Program Updates: Keep track of the platform for upcoming features. A points dashboard, official leaderboards, and a referral program are confirmed as coming soon, which will allow you to monitor your accumulated balance and potentially earn additional points by inviting active traders.

Potential Reward

There is no confirmed token or airdrop mechanism.

Airdrop Requirements

To qualify for points in the ongoing campaign, users must specifically engage in perpetuals trading on the Sushi perps platform. The activity is currently restricted to the Arbitrum network, where participants must deposit USDC as margin collateral and execute leveraged trades. No other task types, such as spot swapping or standard liquidity provision, are eligible for points at this time.

Latest Sushi Airdrop Updates

As of early April 2026, Sushi has launched its perpetuals points program on Arbitrum featuring an early-trader multiplier, with a points dashboard, leaderboard, and referral system announced as coming soon.

Risk

Participating in this program carries financial and operational risks, as it requires users to engage in leveraged perpetual trading where real capital can be lost depending on position sizes and market movements. Users must also factor in transaction costs, as maker fees are set at 0.0730% and taker fees start at 0.0989%. Additionally, because an airdrop has not been officially confirmed by the Sushi team, there is a risk that the accumulated points may not ultimately materialize into tangible rewards or tokens.

FAQ

Is the Sushi Points Program a Real Airdrop?

Sushi has not officially confirmed an airdrop for this program. The accumulated points are designated for upcoming rewards and incentives, but the exact nature and distribution method of these incentives have not been publicly disclosed.

What are the fees for trading perpetuals on Sushi?

Trading perpetuals is not free and involves financial risk. Users must pay a maker fee of 0.0730% or a taker fee starting at 0.0989%, alongside maintaining required margin collateral for their leveraged positions.

Can I earn points by trading on any blockchain network?

No, the points program is specifically exclusive to the perpetuals platform deployed on the Arbitrum network as of April 2026, meaning trading activity on other Sushi-supported chains will not count toward this campaign.

[Data sources: official website / project social links]