On September 1, SuShi, which was available for less than 100 hours, was listed on many top exchanges at the same time. After going online, the price directly doubled. Currently, the liquidity lock-up volume of Sushi has exceeded 1 billion, second only to Uniswap. Perhaps in the near future, Sushi will replace Uniswap and is expected to become the top DeFi.
SushiSwap, through mining, has increased Uniswap's liquidity pool lock-up amount from 300 million US dollars on August 27 to 1.4 billion US dollars now. At the same time, it can package and take away the market-making liquid funds on uniswap, because the liquid market-making funds pledged on Uniswap, under the authorization of the user, Sushi can help the user accept the market-making funds from uniswap Come out, and then transfer into your own liquidity pool.
At present, the lock-up amount of liquid mining funds on sushi has reached 1 billion U.S. dollars, second only to Uniswap, which ranks first, and 70% of the liquid market-making funds come from Uniswap. Compared with Sushi, Uniswap has a drawback. Liquidity mining is performed on the Uniswap platform. Liquidity providers can only earn the transaction fees of the fund pool when they provide liquidity. Once they withdraw their funds from the fund pool, they will No longer receive the corresponding income. In addition, as the agreement becomes more and more popular, venture capital funds, exchanges, mining pools and other (larger and richer) capitalists successively join the agreement, and the income of early liquidity providers will be diluted.
With SushiSwap, you can provide liquidity to the fund pool and get rewards in the form of Sushi tokens. But unlike Uniswap, even if you no longer provide liquidity funds, the Sushi tokens you hold will also enable you to continue to earn a portion of the transaction fees of the Sushi protocol. As an early liquidity provider to improve liquidity, you will become Important stakeholders of the agreement, the improvement of this system effectively motivated users to provide liquidity, greatly reducing the number of liquidity lockups of Uniswap and Sushi.
So far, the total lock-up volume of DeFi and DEX on Ethereum has exceeded 11 billion U.S. dollars, and a lot of credit comes from Uniswap and Susi. The reason why Ethereum has been able to rise sharply recently, as high as $488, is largely due to the blessing of DeFi and DEX. Judging from the performance of Susi in the past few days, it will help Defi lock up the volume to a higher level, and then will promote the price of Ethereum soaring. This is also the rapid deployment of Ethereum ETF funds and DeFi by exchanges such as BitOffer. Reasons for digital asset derivatives such as LINK options on star currencies.
According to the current market reaction of Susi, the lock-up volume is expected to exceed Uniswap in the short term, and with user authorization, Susi can completely transfer all of the Uniswap liquidity lock-up volume to its own mining pool. Instead, everyone feels that What?