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24 November 2020

Attack of the vampires: Uniswap loses 57% TVL as rivals up rewards

Attack of the vampires: Uniswap loses 57% TVL as rivals up rewards


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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.

SushiSwap was not the only DEX to launch a 'vampire' campaign targeting Uniswap’s liquidity providers, with Bancor unveiling a liquidity mining program including retroactive rewards on Nov.

In addition to offering liquidity providers, many DEXs have sought to attract users by offering yield-farming rewards in the form of their native tokens. 

UNI token holder and blockchain-powered streaming platform, Audius, submitted a Uniswap governance proposalto reinstate the exchange’s liquidity mining program with about half the rewards of the previous program on Nov

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