Uniswap Takes Lead Over SushiSwap Less Than 24 Hours After SUSHI Rewards Drop
Shortly after SushiSwap's block rewards fell from 1,000 SUSHI tokens to 100, total value locked has fallen behind rival Uniswap.
DeFi is short for "decentralized finance," an umbrella term for Ethereum and blockchain applications geared toward disrupting financial intermediaries.
The Chicago DeFi Alliance, launched in April 2020, is now poised to help members profit from yield farming and the liquidity mining craze.
The aggregation platform raised the seed funding from a roster of investors that includes Alameda Research, Arrington XRP Capital and Coingecko.
A minimum of 400 UNI was airdropped to everyone who used Uniswap prior to September. Some called it “stimulus for Ethereum users.”
DeFi may be a whale's game, but plenty of small players are making life-changing amounts of money with these risky crypto experiments.