Sushi is going back up
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quantstamp audit done funds are safuuu
Imagine a food based product that isn't a complete shitshow, and at least has shown semblence of trying to achieve an end goal.
20$ before migration
20$ the next target
but it could get bigger user, I mean how big is Uniswap, sushi is taking their liquidities we talking millions
>sushi is taking their liquidities we talking millions
Uniswap liquidity went insanely up when Sushi started. If they don't fuck this up this could be the biggest project in crypto since ETH itself. Once we hit block 10850000, if the majority of that liquidity stays in and migrates, it'll surpass Uniswap without a doubt. Even without the 10x initial rewards.
I'm waiting for the exchange going live. Should be interesting times.
team is legit and smart.
How high do you think it'll go?
So, Theoretically if something like Falcon Swap and other projects like it that will eventually come along actually have mass adoption because they drastically lower Ethereum transaction fees... won't this basically also make Sushi's profits take a Hit?
Honestly not sure. Looking at the returns, once the rewards are scaled back to 100 sushi per block and considering the yields, easily 3x minimum. And that's a very conservative estimate comparing staking rewards vs. what you get on Uniswap.
It could very well go straight to zero when the rewards scale back and whales move to the next feeding ground though. We'll see. But the structure that makes holding sushi an indirect way to get rewards for the entire market trading instead of selected pairs is very attractive. It's a great hedge mechanism.