$14m Returned + A New Sushi Competitor

Plus the Coinbase bump is back, baby!

Happy Friday, Blockfolians

The Lede

Sushiswap (SUSHI) DeFi Passed Security Audit by PeckShield Inc

Well, the absolute journey of SushiSwap continues. Here’s two big new things:

First, less than a week after kicking off the madness by announcing that he had transferred more than $13m worth of SUSHI into ETH - subsequently leaving the project and handing over the keys - Chef Nomi has announced that he’s giving the money back.

Second, just as it seems like things might be calming a little, the wild, pure play capitalism of open source protocols has returned in the form of Sashimi.

For some, the announcement was greeted with skepticism.

But $315m in liquidity later, it’s clear some are taking it seriously.

Stay safe out there; it’s a fish-eat-fish world.

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Highly Relevant Reading


Community Commentary

Really interesting analysis on the new yEarn StableCredit announcement
Congrats to Pomp for launching his new fund!

A Really Big Number We Should Be Paying Attention To  

10%

That’s the price bump that YFI got from the announcement that it would be listed on Coinbase. If that’s not a bull signal…


Final Thought

We swear we weren’t one of them.