Happy Friday, Blockfolians
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.
Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.
Highly Relevant Reading
EU finance ministers are coming down hard on stablecoin issuers
Crypto-to-fiat gateway XanPool raises $4.3m
Yuuuum. Wave Financial has taken the next steps in its tokenized whisky fund
ECB President Lagarde says Europe has fallen behind in digital payments
Really interesting analysis on the new yEarn StableCredit announcement
DCinvestor.eth ⟠ aftab.eth @iamDCinvestorAndre provided some clarification in this thread on the StableCredit system (my original analysis linked in David's Tweet below). Bottom-line: if this is successful, I believe this will be the most important product released by @iearnfinance to date. Don't sleep on this one. https://t.co/FjRIE4BXhM
Congrats to Pomp for launching his new fund!
A Really Big Number We Should Be Paying Attention To
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…
We swear we weren’t one of them.