Today in DeFi - Sushi Redemption, Swerve > Curve, Coinbase Lists YFI
Sushi Redemption
The SushiSwap Saga never fails to surprise. In another M. Night Shyamalan twist, Chef Nomi, the founder of Sushiswap, has returned the developer share funds he sold before project launch.
Swerve Surpasses Curve TVL
Swerve Finance, a fork of stablecoin swap exchange Curve Finance, has surpassed Curve in TVL. Since they use the same algorithm, Swerve now actually has better rates now than Curve itself.
This situation mirrors that of SushiSwap and Uniswap. Like Swerve, Sushiswap sucked in more liquidity than Uniswap because of its token incentives. Both of these platforms now have significantly better rates than their parent platforms.
โShow me the incentives and I will show you the outcome.โ - Charlie Munger
Coinbase Lists YFI
Coinbase listed YFI. That is all.
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