Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: MrSpasybo on November 13, 2020, 06:42:26 PM
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Uniswap has been running four ETH-based liquidity pools since Sept. 17 that have been earning 583,333 UNI per week, per pool. The collateral injection of over $2.4 billion has propelled the DEX to the top of the DeFi list in terms of total value locked, but those incentives are about to come to an end.
There is also the concern that up to $1.1 billion dollars’ worth of ETH could be withdrawn from these four pools and either sold or reinvested into higher earning incentives. ETH rallied when UNI farming began, so the opposite could occur when it ends.
Source: Uniswap farming ends in 4 days, potentially freeing up $1.1B in Ether (https://cointelegraph.com/news/uniswap-farming-ends-this-week-potentially-freeing-up-1-1b-eth)
Which scenario do you think will happen to $1.1B worth of ETH after this event of UniSwap?
1. To be reinvested in DeFi projects
2. Transfer to ETH staking pools
3. Be stored in wallets
4. Being sold off in the market
I prefer the second idea as ETH 2.0 currently needs more ETH locked to launch POS. Reinvesting in other DeFi projects is also a good suggestion, but the DeFi wave is in a downward trend.
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There is a lot of money circulation from Ethereum because this is a good market, moreover, this UNIswap every day there are always those who register easy tokens just like that.
Then I saw this trick is very powerful and effective which after IEO hive that is happening at Binance.
What an excellent scheme from UNIswap and I admit I would love to praise it.
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If you look at the market for now Ethereum is difficult to release into the market because logically Ethereum is now increasing in price.
It's hard to predict where 1.1 Billion Ethereum will run after the event from UNIswap because no matter how much Ethereum will be difficult to dump because all traders want EThereum.
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If you look at the market for now Ethereum is difficult to release into the market because logically Ethereum is now increasing in price.
It's hard to predict where 1.1 Billion Ethereum will run after the event from UNIswap because no matter how much Ethereum will be difficult to dump because all traders want EThereum.
I understand that over time, the demand for Ethereum will increase and to service the huge ecosystem, you will need internal blood, the role of which is played by Ethereum. In addition, Ethereum has a fairly wide and rich functionality, which raises the level of demand for the number of coins in the cryptocurrency market. But I would not mind seeing the decision of the Ethereum team, in limiting the amount of Ethereum in general, following the example of Bitcoin. this decision would instantly raise the value of Ethereum.
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when uniswap connects with other coins I feel very excited. I believe that the Ethereum team will have a good direction in the future