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1/ Are we observing the first of many $UNI- $SUSHI flippening?
High tides lift all boats - Volatile markets are good for generating fees for all bonding AMMs.
However, looking deeper shows several funda metrics flippening towards $SUSHI vs $UNI.
I list 6.
Let me share.
High tides lift all boats - Volatile markets are good for generating fees for all bonding AMMs.
However, looking deeper shows several funda metrics flippening towards $SUSHI vs $UNI.
I list 6.
Let me share.
2/ #1 Volume/liquidity (%) flippening toward $SUSHI – branded name premium?
One recent observation is more efficient use of liquidity in $SUSHI as compared to $UNI.
This is unusual as a larger liquidity pool will generate a higher rev by virtue of bonding curve.
hmm.
One recent observation is more efficient use of liquidity in $SUSHI as compared to $UNI.
This is unusual as a larger liquidity pool will generate a higher rev by virtue of bonding curve.
hmm.
2.b/ $SUSHI’s more efficient pools could mean:
(1) more popular pools in @SushiSwap
(2) REAL n sticky user demand.
I explain later. That's part of the puzzle though.
Previous post inspired by @realmubaris (pic from him)
(1) more popular pools in @SushiSwap
(2) REAL n sticky user demand.
I explain later. That's part of the puzzle though.
Previous post inspired by @realmubaris (pic from him)
3/
#2: Structure shift/flippening in $SUSHI’s volume – now at 500m daily
(BTW, 500m vol means a sick USD150k daily dividend to stakers.)
Again, we see a structure shift in SUSHI’s volume not seen in $UNI.
#2: Structure shift/flippening in $SUSHI’s volume – now at 500m daily
(BTW, 500m vol means a sick USD150k daily dividend to stakers.)
Again, we see a structure shift in SUSHI’s volume not seen in $UNI.
3.b/
This could be new sources of liquidity pools not available in $UNI.
Intuitively, we could think about the new pools generated by the ONSEN program.
But there is another explanation too.
This could be new sources of liquidity pools not available in $UNI.
Intuitively, we could think about the new pools generated by the ONSEN program.
But there is another explanation too.
4/
3# TVL flippening: SUSHI broke prev ATH, UNI not really.
@SushiSwap TVL is even higher than @NomiChef and UNI LP event, suggesting that liquidity is organically driven by $SUSHI rather than events somewhere else.
$SUSHI is standing on its own feet!
3# TVL flippening: SUSHI broke prev ATH, UNI not really.
@SushiSwap TVL is even higher than @NomiChef and UNI LP event, suggesting that liquidity is organically driven by $SUSHI rather than events somewhere else.
$SUSHI is standing on its own feet!
5/ 4# Project flippening:
Project in the past tend to provide liquidity on $UNI because that is the go-to place for AMM and LP tokens.
This has changed with @mith cash.
These pools one of the top vol generators for $SUSHI. $MIC $MIS
Given success, more to follow?
Project in the past tend to provide liquidity on $UNI because that is the go-to place for AMM and LP tokens.
This has changed with @mith cash.
These pools one of the top vol generators for $SUSHI. $MIC $MIS
Given success, more to follow?
6/
#5 Strategy flippening: new promising projects like @boringdao only provides $BOR liquidity on @sushiswap, totally bypassing @uniswap now.
This strategy is completely unheard-of weeks ago.
Will more switch given liquidity is precious to maintain both sides?
#5 Strategy flippening: new promising projects like @boringdao only provides $BOR liquidity on @sushiswap, totally bypassing @uniswap now.
This strategy is completely unheard-of weeks ago.
Will more switch given liquidity is precious to maintain both sides?
7/ #6 MOST importantly: DeFi flippening
$SUSHI is cornering the whole DeFi market space.
Major DeFi project are listing their primary AMM pools on @sushiswap.
Impact is most prominent in the past few days, with YFI ecosystem news and DeFi price volatility.
$SUSHI is cornering the whole DeFi market space.
Major DeFi project are listing their primary AMM pools on @sushiswap.
Impact is most prominent in the past few days, with YFI ecosystem news and DeFi price volatility.
8/
In conclusion: BIG NEWS.
Cumulatively, SUSHI can generate rev in ANY crypto mkt rotation (BED @safetyth1rd ):
(1) Majors > Stables
(2) Majors > DeFi
(3) Second order transfers impacts
(4) and also, algo stables.
TL:DR
majors up/downs = SUSHI $$
defi up/down = SUSHI $$
In conclusion: BIG NEWS.
Cumulatively, SUSHI can generate rev in ANY crypto mkt rotation (BED @safetyth1rd ):
(1) Majors > Stables
(2) Majors > DeFi
(3) Second order transfers impacts
(4) and also, algo stables.
TL:DR
majors up/downs = SUSHI $$
defi up/down = SUSHI $$
