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26 November 2020

Uniswap (UNI) liquidity falls 50% as incentives end, funds flow to Sushiswap (SUSHI)

Uniswap (UNI) liquidity falls 50% as incentives end, funds flow to Sushiswap (SUSHI)


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Uniswap (UNI) liquidity falls 50% as incentives end, funds flow to Sushiswap (SUSHI).

As liquidity incentives ended on decentralized exchange protocol Uniswap, the platform saw an exodus of Ethereum and other tokens to rivals like Sushiswap and others, data from multiple sources showed.

In return, it pays all pool contributors a fraction of trading fees generated on the platform, giving them an incentive to continue to pool their funds (and able to stake liquidity tokens on other DeFi apps for yields).

This means a majority of the userbase is more profit-seeking than loyal to a particular DEX — creating a scenario where protocols giving the highest yields temporarily attract the highest funds, but lose users quickly once those yields dry out.

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