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SUSHI uses the YAM mining mode to attract 350 million US dollars in mining in 17 hours
插兜小哪吒
特邀专栏作者
2020-08-30 09:04
This article is about 2100 words, reading the full article takes about 3 minutes
Mining has become a token distribution model, and transaction mining has become the choice of DEX.

Editor's Note: This article comes fromChatting with Xiaozha (ID: xiaonazha88), reprinted by Odaily with authorization.

Editor's Note: This article comes from

Chatting with Xiaozha (ID: xiaonazha88)"and", reprinted by Odaily with authorization.

The price of AMPL broke through $1 last night, which means that it is about to enter a positive cycle. I just wrote a few articles about AMPL a few days ago. Worth reading for those interested in AMPL.

22 days of AMPL deflation, 46% less currency, 80% less market value, can it still rise?

"and"

AMPL basket of currencies? A money printing machine in DeFi? Very airy and magical

Playing AMPL (AMPL) is like being stimulated by electric current, either to be refreshed, or to be stupid and stimulated.Ampere is a unit of current. When electricity was first invented, I thought it was useless, but now who can live without electricity; Ampere (AMPL) is created, and everyone thinks it is an air. Maybe the next DeFi world is probably inseparable. it.About Ampere (AMPL) will continue to share later.

A few days ago I wrote an article "

Fcoin+uniswap mode, in the DEX track, can it break through the tight encirclement

"The article said MINISWAP = Fcoin + uniswap.

FCoin has become a thing of the past, Fcoin's mining and dividend model is still going on, and it is continuing to be staged in DEX. Who can perform better? SUSHISWAP or MINISWAP.

secondary title

The first time I saw Sushi was on OKEX CEO’s Twitter.

At that time, I probably looked at it, and saw that the page was very similar to YAM. In the past two days, I started mining, and the high profit of mining attracted a lot of funds. After 17 hours of going online, the locked-up funds reached 350 million dollars.

Is it a bit crazy when YAM was first launched? Of course, the price of SUSHI tokens is also crazy. According to coingecko data, the price of SUSHI tokens peaked at $168, and now it has fallen to around $1.

For mining projects, buying is equivalent to receiving orders, and most of them are mining and selling. The question is, what exactly is SUSHI? Why is it so hot?

2. SUSHI innovation: YAM + YFI + FCOIN

At first, I thought SUSHI was an imitation of YAM, but after a closer look, I found that it is a DEX exchange.

One thing SUSHI has done is to combine the YAM mining method to distribute tokens, combine YFI's concept of no private placement and no pre-mining, and FCOIN's token dividend model.

The last thing to do is to dry uniswap.

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3. SUSHISWAP = YAM + YFI + FCOIN + uniswap

1. Combined with YAM mode

The issuance mode of SUSHI, a platform currency, adopts the mortgage mining mode of YAM. It is easy to understand if you know YAM.

Simply speaking, in terms of funds, whoever mortgages a large amount of funds will get more SUSHI tokens. There is no shady, and it is all executed on the chain.

The benefits of this model are very beneficial to the cold start of the project. Everyone has already seen this. The 17-hour lockup volume reached 350 million US dollars, attracting all kinds of attention from the market.

In 2017, various airdrops were carried out in order to obtain users when the project was launched; now it seems that in 2020, it is a good way to engage in various capital mining in order to obtain users when the project is launched.

2. Combined with YFI mode

YFI has no private placement, no pre-sale, and no team reservation. On this point, SUSHI has not learned thoroughly, and 10% of SUSHI's release is reserved for development and future iterations.

If a project team has no token rewards, where is the incentive to perform updates? Therefore, for projects with no private placement, no pre-sale, and no team reservation, you can meet them but not ask for them.

The output of SUSHI tokens, in the first 100,000 blocks (about 2 weeks), each block produces 1,000 SUSHI. After that, 100 SUSHI will be produced in each block. This means that the total amount of SUSHI is unlimited.

3. Combined with FCOIN mode

Provide liquidity on Uniswap, and only earn transaction fees for the fund pool when liquidity is provided. Once the funds are withdrawn, there will be no returns.

DeFi players have started to directly distribute dividend tokens from governance tokens.

4. MINISWAP = Fcoin + uniswap

Holding SUSHI tokens can get SUSHISWAP transaction dividends, but the problem is that SUSHI tokens have been inflating, so holding SUSHI tokens, the market share is getting smaller and smaller.

SUSHISWAP and MINISWAP also added the FCOIN model to uniswap, what is the difference?

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4. MINISWAP = Fcoin + uniswap

SUSHISWAP's model of combining YAM and YFI has achieved good publicity results in the online phase. However, the price of SUSHI currency is also fluctuating thousands of miles. With the continuous release of SUSHI tokens in the future, can SUSHI receive dividends to catch up with the drop in the price of SUSHI currency? This is a very worthwhile question.

Of course, the new gameplay of SUSHISWAP is worthy of attention.

On MINI, its Fcoin transaction is the mining mode: liquidity providers and traders, respectively get the equivalent of MINI tokens for transaction fees.

Compare the FCOIN modes of SUSHISWAP and MINISWAP:

Sushiswap
YAM
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