/biz/ - Business & Finance

As of right now, the Sushi rewards for every block have been lowered from 1,000 to 100, making the farming yield come crashing down to 1/10th of what it was.
Bullish or bearish for Sushi? Less rewards per blcok means less sushi dumped in the market. But on the other hand, a lot less of an incentive to stake and farm.

SUSHI IS BACK MOTHERFUCKERS
https://twitter.com/SushiSwap/status/1304922893076242432

listen to this while numba go up
https://www.youtube.com/watch?v=qJtx9xQQEx4

SUSHI CHEF RETURNS FUNDS https://twitter.com/NomiChef/status/1304442521137811457

After liquidity migration went live, it looked as if SushiSwap was about to destroy Uniswap forever. 90% of the liquidity all but evaporated from Uniswap after the migration.
As it turns out, you can steal the liquidity, but you're not likely to keep it if you don't have the volume. Look at any of the uniswap pools today and see what the liquidity looks like:
uniswap.info/pair/0xa2107fa5b38d9bbd2c461d6edf11b11a50f6b974
uniswap.info/pair/0xa478c2975ab1ea89e8196811f51a7b7ade33eb11
uniswap.info/pair/0xb4e16d0168e52d35cacd2c6185b44281ec28c9dc
uniswap.info/pair/0xb4e16d0168e52d35cacd2c6185b44281ec28c9dc
The point of providing liquidity is to get the fees. If there's no volume in the exchange, there's no fees to be gotten. If there's no fees, you take the liquidity everywhere.
The Sushi returns for staking have been going up like crazy. DAI, LINK offer over 400% returns and climbing. The laggards seem to be USDC and USDT, but even they are seeing migration. Why? Because stakers are disappearing fast.
Expect Sushi to dump as soon as the block rewards go down, killing the final incentive to keep staking there. Even sooner. 2 days max. Plan accordingly.