Overnight, crypto Twitter exploded in chatter about what is essentially free money. Liquidity swap platform Uniswap that’s recently enjoyed enormous growth rewarded early users with a distribution share of UNI tokens.
The price per token quickly rose, essentially turning the UNI distro into the crypto industry version of the stimulus check.
How Uniswap Is Stealing Back The Momentum After SushiSwap Fallout
The DeFi trend has taken some strange twists and turns. What started as a very serious movement to build the future of alternative finance, turned into a buffet of both profits and odd-sounding food tokens with little to no use case.
Along the way there were plenty of new buzzwords such as yield farming, and liquidity pooling coined, and dozens of new tokens minted.
Where you got those coins early on, were decentralized swap platforms like Uniswap. There, you pool tokens toward other project’s total liquidity, and you either profit or lose when you finally take your liquidity out of the pool.
Related Reading | Dangers of DeFi Hype Surface Following One-Hour Crypto Scam
Some have made fortunes, others have been badly burned. The craze led to a number of knockoffs, including some from Tron frontman Justin Sun, and another, SushiSwap. A fiasco involving the project’s founder dealt a major blow to the DeFi space, Ethereum, and just about all swap-based platforms.
To revive that once burning hot interest in Uniswap and take back