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Uniswap vs Sushiswap

by Lisa Zheng

The Uniswap community members are contending as well as jostling in order to update the latest norms on yield farming rewards, all of it for the Automated Market Maker’s (AMM) native token UNI.

All this clamoring is currently taking place because the initial liquidity mining program is on the tenterhooks for reaching its twilight zone on Nov 17. 

Governance vote suggested

In order to continue farming, a governance vote has been actively suggested on the same four asset pairs namely, WBTC/ETH, USDC/ETH, USDT/ETH, and DAI/ETH. The proposal was a major suggestion, which came from Audius Strategy lead Cooper Turley and from the pseudonymous “monet supply” on Monday. Before the farming restarts on December 4th, the new proposal will have to pass through a series of tests in the form of governance polls. 

New proposal

As per the new proposal, the UNI liquidity mining allocations would effectively become half of the previous original of 2.5 million UNI tokens which are provided per asset pool on a month-to-month basis. The initiation of farming rewards was first done in the month of September. This was planned and executed keeping in mind a two-month run which was followed by a surprise airdrop of UNI tokens especially for the developers of the AMM, its users, and the active investors. 

Sushiswap in the picture too

As per CoinGecko, UNI is currently trading at $3.50. Uniswap has emerged as one of the biggest names in the crypto space today. Its TVL surpassed the $ 1 billion mark in September immediately after the platform introduced what is called the UNI rewards. As of Nov 11, the new TVL just broke the $3 billion mark and continues to pose a healthy project idea. Not to forget to mention that Sushiswap, the major competitor of Uniswap has also been rooting for Uniswap’s liquidity. It has also decided to forgo and discontinue the current staking pools. Along with it, it has also decided on reallocating the yields to the expiring pairs on Uniswap if and if the governance plans take a backseat and fail in execution.


The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.

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