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idk if just washed my eyes but i want to believe in sushiswap but
none of this makes sense. this community owned AMM game feels like nice dressing to keep us all dancing to the music and pumping what is otherwise cut and dry yield farm.
ill explain below...
none of this makes sense. this community owned AMM game feels like nice dressing to keep us all dancing to the music and pumping what is otherwise cut and dry yield farm.
ill explain below...
the whole 'migration mining' thing i will wager does not work for AMMs. why? LPs will go wherever the profit is, simple. AMMs dont require constant rapid iteration like YFI does. imagine ur an LP and sushi drops its APY dramatically but uniswap is now launching their token...
as a LP ur holding fuckloads of sushi (or ur @DegenSpartan and dumped it by then cos ur smart) but now u have the opportunity to profit off dumb moneys speculation of the real uniswap. so u go and farm their token. fees from sushiswap? meh why care? speculators pamp...
way more than any % of fees. and besides, skimming fees off LP provides makes no sense cos ur opening urself up to good samaritans who will fork u with 0% fees. its not sustainable. @mrjasonchoi is correct, AMMs dont need governance tokens. LPs are profit maxis and will go...
wherever they maximize their fees.
i want sushiswap to succeed my frens. i still hope for the best
