Sushi

$SUSHI

$1.05

0.02

Traditional markets are showing signs of fizzling out after a strong end to last week. The S&P 500 and Nasdaq 100 are relatively flat on the day, while the US Dollar and US Treasury Yields are showing modest declines. Crypto markets saw an impressive rally over the long weekend as $BTC is now trading above $21k (+0.03%), and $ETH is hovering just below $1.6k (-0.04%). The gains are not unique...

Crypto markets remain choppy this morning. $BTC is up 0.30% and $ETH is down 0.26%. Traditional markets are down - SPX has fallen 0.75%, and NDQ has fallen 1.24%. Sushiswap ($SUSHI) has been particularly volatile and is down 7.39%. Sushi is reaching its maximum token supply, meaning there are fewer incentives for Sushiswap to give to protocol users. Because of this, CEO Jared Grey has called for 100% of the protocol's...

CORRECTION: IN THE FIRST DISTRIBUTION OF ‘DEFI DIGEST 14: A REFLECTION ON LIQUIDITY DYNAMICS THROUGH THE CONTAGION & GHO STABLECOIN’, WE INCORRECTLY REFERENCED VOYAGER INSTEAD OF CELSIUS AS HAVING A 1.2B HOLE IN ITS BALANCE SHEET. THE AMOUNT LENT TO 3AC BY VOYAGER WAS $350M IN USDC AND 15,250 IN BTC, WITH THEIR CURRENT ASSET-LIABILITY MISMATCH UNKNOWN. In last week’s DeFi Digest, the team discussed liquidity dynamics that were prevalent...