Uniswap (UNI) liquidity falls 50% as incentives end, funds flow to Sushiswap (SUSHI)BTC $17,814 (+0.2%) • ETH $472 (-1.4%) • XRP $0.30 (+2.4%)
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Customer loyalty is a myth in the decentralized finance (DeFi), at least in current times. 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. The cause For the uninitiated, Uniswap is a type of automated market maker that pools funds from users for different trade pairings — such as ETH/USDT or UNI/ETH — and automatically matches trades. 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). As a result, the pools are massively influenced by whichever pools are generating the highest yields for users. 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. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬This shift in the k-parameter marks the next phase of Cardano’s decentralizationCardano’s k-parameter is set to increase to 500 on December 6, drastically diminishing rewards for large, oversaturated stake pools. China state TV once again shills Bitcoin to millions upon rally to $18,000Bitcoin has been on a tear over the past month, rallying from the low-$11,000s to highs around 36 hours ago at $18,500. BTC forks Bitcoin Gold and Bitcoin Diamond mysteriously pump 25% eachFor some reason, Bitcoin forks have been rallying extremely hard over recent days. Bitcoin (BTC) pump to $18k pushes miner revenues to pre-halving levelsThe recent BTC run has borne good news for two important parts of the Bitcoin ecosystem — investors and miners. Featured event - BlockDown Latam 2020
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