Rise of DeFi wars? Uniswap’s UNI token airdrop starts a crypto rivalry
Uniswap’s response to SushiSwap’s vampire mining attack is one of the most important moves in the DeFi space. Uniswap’s new UNI token has created a buzz in the DeFi world, with over 13,000 users claiming their tokens within three hours of its launch. This move was in response to SushiSwap’s decision to migrate almost $1 billion of funds from Uniswap through a “vampire mining” attack, which is the migration of an exchange’s funds/liquidity to another source.This move by SushiSwap essentially sparked one of the more important rivalries in decentralized finance, led by Sam Bankman-Fried, CEO....
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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....
Multiple problems with Stake DAO's token airdrop have left some users on the outside looking in Active decentralized finance (DeFi) users woke up yesterday to yet another “airdrop” of governance tokens, this time courtesy of self-described “multi-service platform” Stake DAO — but, due to the unique distribution method and some bugs in the rollout, eligible users might want to claim their tokens sooner rather than later. In an introductory post to the project, Stake DAO laid out the parameters for the SDT token distribution, which set aside an initial 1.5% of tokens for “active members” of....
Uniswap’s governance token notched a new all-time high above $15 as daily volume on the DEX soars and investors anticipate the rollout of new governance rights. Uniswap’s decentralized exchange has emerged as one of the critical pieces in the decentralized finance sector, with the DEX benefiting from the first-mover advantage after it became the go-to exchange for new projects and traders in 2020. In late 2020, 400 UNI tokens were distributed to all wallet addresses that previously provided liquidity on the platform at at its peak thhe impromptu airdrop was worth north of $3,500.By late....
A detailed blow-by-blow of one of the most closely watched governance decisions in the history of DeFi.
UNI – the governance token of the Uniswap platform – has been seeing some immense turbulence in the time since its launch. The hype surrounding the token – which was airdropped to all of Uniswap’s users – sent the price of the cryptocurrency rallying up to highs of $8.50. The token lost its momentum once […]