yEarn.Finance to absorb its perennial rival SushiSwap, a fork of Uniswap
yEarn.Finance announced the acquisition of SushiSwap, a fork of Uniswap.A decentralized cryptocurrency exchange platform.
yEarn.Finance to absorb its perennial rival SushiSwap, a fork of Uniswap
yEarn.Finance announced the acquisition of SushiSwap, a fork of Uniswap.
DeFi protocol SushiSwap loses up to $15,000 due to vulnerability
The SushiSwap team discovered and fixed the vulnerability after withdrawals from the decentralized protocol totaling between $10,000 and $15,000. The exploit was described by the project developer 0xMaki.
SushiSwap administrator thanks Uniswap for topping up developers’ fund
The SushiSwap project administrator became the holder of 138,000 UNI governance tokens from Uniswap, the leading decentralized exchange (DEX), in an airdrop. According to him, their current estimated value (~$522,600) is equivalent to funding the development team's work for several months.
The runaway ‘Chef’, DeFi fever and the whale gambit: how SushiSwap drew $1bn in two weeks
On September 3, the total value locked in the decentralized exchange Uniswap approached a record $1.8 billion. However, by September 10, in a single day, the exchange had lost more than 70% of that amount. Funds migrated to a fork of Uniswap with the culinary name SushiSwap, which had launched just two weeks earlier.
SushiSwap liquidity falls after tenfold reward cut
The DeFi platform SushiSwap completed the distribution of rewards amounting to 1000 SUSHI among liquidity providers who supported the project before the launch of the automated market maker. After the planned reduction of the reward to 100 SUSHI per block at block 10850000 of the Ethereum network, users began withdrawing assets from the protocol.
Anonymous SushiSwap founder returns 38,000 ETH previously withdrawn to the DeFi project’s development fund
The founder and former administrator of the DeFi platform SushiSwap, nicknamed 'Chef Nomi', returned to the project’s development fund 38,000 ETH (about $14 million at the time of the transaction).
Uniswap loses 70% of liquidity due to asset migration to the SushiSwap fork
Leading decentralized exchange Uniswap has lost more than 70% of its liquidity as a result of its migration to the SushiSwap fork.
Developer finds another vulnerability in SushiSwap protocol
A vulnerability in the governance of the DeFi platform SushiSwap has been discovered that preserves voting power for token holders even after transfer. Developer Chong Sok Park wrote about the double-spending bug in his blog.
Investors plan class-action lawsuit against SushiSwap founder Chef Nomi
Several investors in the DeFi project SushiSwap plan to file a class-action suit against its anonymous founder, 'Chef Nomi'. This was reported by FTX CEO Sam Bankman-Fried in an interview with Forbes.
Binance criticised for listing SushiSwap DeFi token
The Block analyst Larry Cermak criticised Binance chief Changpeng Zhao. Zhao had publicly backed the SUSHI token that Binance had listed shortly before its sharp decline. The expert noted that the exchange must protect users' funds during the project evaluation stage.We use cookies to improve the quality of our service.
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