On September 30th the Pickle team announced that something had gone wrong and they couldn’t retrieve people’s funds. What we see happen on chain is a clear reduction in activity starting on that date.
SushiSwap, which went live on August 28th, has been called a “vampire protocol” by some due to its intention of sucking Uniswap’s liquidity and migrating it to its own ecosystem. In truth, Uniswap only benefited from SushiSwap’s enormous liquidity and riveting drama. Here’s a breakdown of what happened.
Ethereum whales are undoubtedly driving the decentralized finance (DeFi) movement by depositing millions of dollars into decentralized liquidity pools to earn interest. But how much are they actually making?