The UNI, the governance token of UniSwap, was distributed via liquidity mining, for the providers, in four big pools. This method was stopped today, and not surprisingly, the miners just jumped to another platform, to SushiSwap. UniSwap have lost their liquidity’s 45%, and SushiSwap raised 60% same time.
The yields in defi seems unsustainable, but indeed attractive. There are methods for catch new users, and one of them is the liquidity mining. Experts say, the important thing is the TVL, the total value locked, on the platforms, and this is high, and this is healthy, so defi is healthy. Except, if it drops 45% in a day.