SushiUP (SUSHSIUP) is a leverage token of Binance with the underlying SUSHI token, the native token of the SushiSwap DeFi platform. SUSHIUP allows users to reap multiplied gains when the price of SUSHI goes up. The token yields up to four times gains when the price of SUSHI increases.

Traditional leveraged positions have the potential to create large returns, but they also expose users to the risks of liquidation. As a result, it poses a trade-off between a user's tolerance for the danger of being liquidated and the potential for large yields. Leveraged Tokens (LT) essentially eliminate the trade-off, allowing users to get leveraged exposure without worrying about liquidation risk or the details of holding a leveraged position.

While this innovative feature has helped LTs gain popularity, it has also produced controversy and uncertainty among users. Compared to standard margin-leveraged products, LTs have a poor track record of providing long-term profits. Despite their shortcomings, LTs continue to be in high demand from users worldwide.

As a result, Binance created the Binance Leveraged Tokens (BLVT) to address the critical issues with existing leveraged tokens. BLVTs, unlike traditional LTs, do not maintain 'constant' leverage. BLVTs, on the other hand, have a flexible target leverage range of 1.5x to 4x. On the perpetual futures market, each token represents a bundle of open contract positions. In other words, a BLVT is a tokenized version of leveraged futures positions. In other words, the token's purpose is to maximize potential revenue when the price rises while minimizing the risk of liquidation when the price falls.

The SUSHIUP token is a tradeable asset on the Binance Exchange listed on December 10, 2020.