Today in DeFi - Mooniswap, 14M Uniswap Trade, Pre-CRV Launches
Mooniswap Launches
1inch.exchange just released MooniSwap, a new AMM featuring better returns for Liquidity Providers by giving them a portion of slippage revenue normally taken by arbitragers.
βOn average we expect Mooniswap to generate from 50% to 200% more income for liquidity providers than Uniswap V2 due to redirection of price slippage profits.β
Find out more in the Medium post.
14M Uniswap Trade
Someone bought 15M of ETH with USDC on Uniswap. As a constant product AMM-based DEX, this created tremendous slippage - causing the price of ETH to be severly overpriced. Arbitragers quickly jumped in to take advantage of this mispricing.
The trader in this tweet used a flashloan to make a $45,000 profit.
Uniswap is good for small sized trades, but not ones in the millions of dollars because of slippage. That someone would deliberately create a high slippage order is extremely irregular, and commentators suspect money laundering.
Pre-CRV Launches
Curve Financeβs governance token CRV has not launched yet, but the Pre-CRV calculator has. CRV is not only distributed to liquidity miners, but will be distributed historically to liquidity providers.
On the Early CRV calculator page, you can see how much Curve you have earned.
The CRV token launch is anticipated to happen this week.