Happy Friday, Blockfolians
The Lede
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
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
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.