How to DeFi: Advanced

In the same month, SushiSwap, a fork of Uniswap, was launched. SushiSwap conducted a “vampire mining” attack to migrate liquidity away from Uniswap by introducing the SUSHI token to incentivize users. Not to be outdone, Uniswap did a UNI token airdrop in September 2020, resulting in a windfall profit for all users who interacted with the Uniswap pr... See more

The crypto space witnessed the meteoric rise of the DeFi sector in 2020, particularly from June to August. The market capitalization of DeFi protocols multiplied 12 times to $19.6 billion during the peak of the summer, now dubbed as DeFi Summer 2020. DeFi dominance, calculated by dividing the DeFi projects’ market capitalization over the total cryp... See more