A New Player in the DeFi Space
In the fast-paced world of decentralized finance (DeFi), innovation often rides the waves of forks and clones. Enter SushiSwap, a cheeky fork of Uniswap that has managed to grab headlines by locking in over $1.3 billion within just five days of its inception. This fresh player isn’t just knocking at the door; it’s shaking the entire foundation of liquidity mining!
Liquidity Mining with a Twist
Unlike your typical liquidity mining, SushiSwap allows participants to stake their Uniswap pool tokens to earn SUSHI, their native token. This means yield farmers can double dip: they can earn yield provider rewards while accumulating SUSHI. The catch? It’s a tongue-in-cheek reminder of something: why choose between two evils when you can have both?
A Fair Launch or a Whimsical Gamble?
SushiSwap’s developers are indeed making promises about a fair launch. Initial liquidity providers are guaranteed to retain a share of rewards, even if they decide to stop providing liquidity later on. But, is it just a fairy tale? Amid criticisms of venture capital-heavy ethos of Uniswap, the promise of
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