Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Decentralized Exchanges (DEX) => Uniswap => Topic started by: Tnoy30 on July 14, 2021, 06:21:57 AM
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The recently formed DeFi Education Fund has come under fire for abruptly announcing it had liquidated half of the 1 million UNI tokens donated to it through UNI governance.
The controversial Uniswap-funded DeFi Education Fund has liquidated half of its donated funding into stablecoins, attracting condemnation from many in the crypto community.
On June 12, the fund tweeted that it was selling 500,000 UNI to Genesis Trading for 10.2 million USDC in an over-the-counter (OTC) trade, despite the Uniswap proposal for the fund indicating it would liquidate the 1 million UNI over four to five years.
Source: Concern as Uniswap-backed 'DeFi Education Fund' dumps $10M worth of UNI
(https://cointelegraph.com/news/concern-as-uniswap-backed-defi-education-fund-dumps-10m-worth-of-uni)
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Why would they care what order transactions come in? To capitalize on arbitrage opportunities on trading platforms such as Uniswap. That's because timing matters on Ethereum and the decentralized finance (DeFi) applications that use it. The network is constantly being scoured by bots looking to buy cheap on one platform and sell high on another before the prices converge.