Rise of DeFi wars? Uniswap’s UNI token airdrop starts a crypto rivalry
Popejoy commented:
The common consensus in the community is that Uniswap is one of the major foundational DeFi projects, while SushiSwap is seen by some as a high-risk project, considering that the previous head, Chef Nomi, dumped the tokens that were part of the developer pool days before the Uniswap migration and faced allegations of it being an exit scam. Uniswap, however, is seen as a more stable project within the DeFi community; thus, a price correction hasn’t seemed to deter investors from the UNI tokens.
.. I’d personally love it if sushiswap made some of the rewards vesting, and if margin trading was implemented”
As Bankman-Fried suggested, there are several ways of attracting liquidity to a DeFi platform, but holding on to this liquidity may prove to be the biggest challenge, as was evident with the migration of funds back to Uniswap after the UNI token launch. Referring to SushiSwap, Koleoshkin stated:
The rivalry between Uniswap and SushiSwap could be seen as one of the first instances of DeFi platforms battling among themselves for liquidity and, in turn, investors’ attention.
