Uniswap’s liquidity plunges 40% in a day as incentives dry up
Almost 40% of liquidity on leading DEX Uniswap has left the platform with the end of UNI rewards for liquidity providers The total value of assets locked in leading decentralized exchange (DEX) Uniswap has plummeted by 38% in 24 hours amid the conclusion of its UNI liquidity rewards program on Nov. 17.Meanwhile “vampire” clone SushiSwap has doubled its TVL and is aggressively pursuing additional liquidity.As of this writing, Uniswap’s total value locked (TVL) is down a total of 43% since posting an all-time high of $3.07 billion just three days ago. It now sits at $1.75 billion and is....
Related News
Rival decentralized exchanges are upping their liquidity mining rewards to attract Uniswap’s former-liquidity providers, leading to SushiSwap’s TVL tripling in one week. With leading decentralized exchange Uniswap having ceased its yield-farming incentive program, rival automated market makers 1inch, SushiSwap and Bancor are snapping up liquidity providers with targeted rewards.On Nov. 17, the same day that Uniswap’s rewards ended, the cloned AMM SushiSwap announced a new incentive scheme for the same four pairings previously incentivized by Uniswap. Uniswap’s total value locked, or TVL,....
Uniswap’s UNI token has taken a hit over the past few days. Although it isn’t the only cryptocurrency currently plunging lower as the market continues being plagued by uncertainty, it has been hit particularly hard. The recent news regarding the CFTC’s decision to pursue criminal charges against the BitMEX creators has contributed to the entire […]
With Uniswap’s liquidity mining rewards program set to end in one week, the project has called a community meeting to discuss how to move forward. Leading decentralized exchange (DEX) Uniswap has announced an “unofficial community call” set for Nov. 12 at 12 noon ET. The call is scheduled to discuss several core governance issues central to Uniswap, including the future of its liquidity mining program.After a slew of rival DEX clones sought to siphon away Uniswap’s users through exorbitant native token rewards to liquidity providers during the DeFi boom, Uniswap retroactively airdropped....
Decentralized liquidity aggregator, brokerage, and crypto lending platform Orion Protocol have launched its liquidity mining program on Uniswap’s AMM. It will distribute weekly rewards to the providers of liquidity for the ORN/ETH pool. Rewarding Uniswap Liquidity Providers with ORN Innovative Defi platform Orion Protocol has recently made liquidity mining available to users on the most popular DEX, Uniswap V2. Every week, 30,000 of the project’s native ORN tokens will be distributed among users who deposit […]
DeFi users got a fat stimulus check, but Uniswap’s token fell short of the community’s inflated expectations. The biggest event of this week was definitely the sudden release of Uniswap’s token, UNI, which enriched many DeFi users by at least $1200 each.Uniswap gave 400 of its tokens to anyone who had ever traded with the protocol, even if the interaction somehow failed. And by “anyone” I mean “any wallet” — some people almost certainly got more than one such allocation by having multiple wallets.Sadly, I wasn’t one of them, and to be honest I barely used Uniswap anyway. In my treatise....