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  4. SushiSwap Moved Up Its Massive Liquidity Withdrawal From Uniswap to This Weekend

SushiSwap Moved Up Its Massive Liquidity Withdrawal From Uniswap to This Weekend

oliverchloe
2022-10-21 12:01:18

SushiSwap, the automated market maker aiming to unseat market leader Uniswap, has moved up its launch by five days.

Because of SushiSwap, total value in assets locked on Uniswap have gone up by just under $1.5 billion since the SushiSwap contract went into effect at block 10750000 on Aug. 28, according to DeFi Pulse, making Uniswap the largest holder of Ethereum assets in DeFi right now.

Both Uniswap and Sushiswap are designed to always have a price at which they will swap any two tokens they have in liquidity pools.

Post Reply  
AndreasMAntonopoulos
2022-10-21 12:01:54

The reason under the original design for the sushiswap launch, Ethereum users would get an extra-large share of SUSHI if they deposited Uniswap V2 LP tokens pre sushiswap launch, over the two weeks following block 10750000.