Day: September 8, 2020

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SushiSwap’s Vampire Scheme: Hours Away and With $1.3B at Stake

Hello Defiers! Today’s issue focuses on the SushiSwap / Uniswap debacle, which is shaping up to be one of the most interesting developments in DeFi this year. In less than two days SushiSwap will try to drainUniswap’s liquidity. With $1.3B still in SushiSwap, LPs may very well jump ship at the last minute or they …

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SUSHIvsUNI compressed

SushiSwap’s Vampire Scheme: Hours Away and With $1.3B at Stake

Decentralized finance is living through what may become one of its most defining moments. In less than 48 hours, a two-week upstart will attempt to drain liquidity from DeFi’s largest exchange, in a never-before attempted vampire-like attack, which right now has $1.3B in tokens at stake. Here’s a quick summary: An anonymous developer copied Uniswap …

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