After stopping its yield farming stimulus project, Uniswap'scounterpart self-operating trade makers, Bancor, 1inch, and SushiSwap, are taking up liquid assets providers with targeted bounties.
Major Signals
- Uniswap liquidity providers are moving to rival exchanges
- Sushiswap and others offer mouth-watering incentives
- Uniswap lost more than 50% of its TVL
UNI's TVL crashed by over $1 billion within a day. After recording a high of $3.07 billion on the 14th of November, UNI's total value locked declined by 57.5% to $1.3 billion.
The counterpart decentralized trading firm Sushi wasn't the only decentralized trading firm to start a project aiming at UNI's liquid asset providers, with Bancor launching their liquid asset mining project on the 17th of November.
1inch also started the second phase of its yield farming stimulus, giving an extra one percent of its coin supply to liquid assets providers.
Self-operating trade makers consist of decentralized trading firms that are non-custodial that fix trades utilizing liquid assets aided by individuals.
What do you think of UniSwap's TVL decline? Let's discuss in the comments.
