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Moderna (NASDAQ: MRNA) has been one of the superstars of the coronavirus vaccine race -- from a share performance and vaccine development perspective. The biotech company's shares have soared as it went from first to start human trials to a phase 3 trial in about four months.

Image source: Getty Images

Image source: Getty Images

EPR Properties (NYSE: EPR) specializes in real estate holdings that are experiential in nature, a unique approach among real estate investment trusts (REITs). In the face of the fast-spreading coronavirus, such assets quickly became pariahs. While the situation was terrible at t

It's been nothing short of a crazy year for Wall Street and investors. The panic and uncertainty caused by the unprecedented coronavirus disease 2019 (COVID-19) pandemic initially sent the broad-based S&P 500 (SNPINDEX: ^GSPC) lower by 34% in just under five weeks. The 17 ca

Artificial intelligence (AI) is a hot topic these days. Many companies rely on machine learning and deep data analysis to take their business operations to the next level. Other companies want to supply the needed tools to make a reality out of those AI-powered dreams. The COVID

The Pentagon on Friday reaffirmed its decision to give Microsoft (NASDAQ: MSFT) a massive $10 billion cloud computing contract, but runner-up Amazon (NASDAQ: AMZN) has vowed to press on against what it called a "politically corrupted contract award."

FXEmpire.com - The Stats It was a busy week on the economic calendar, in the week ending 11th September.

With the U.S. presidential election scheduled around the same time that the first coronavirus vaccines will be up for potential authorization or approval by the Food and Drug Administration (FDA), there's been a lot of speculation that the current administration might pressure t

SushiSwap, the automated market maker aiming to unseat market leader Uniswap, has moved up its launch by five days.

Because of SushiSwap, total value in assets locked on Uniswap have gone up by just under $1.5 billion since the SushiSwap contract went into effect at block 10750000 on Aug. 28, according to DeFi Pulse, making Uniswap the largest holder of Ethereum assets in DeFi right now. 

Both Uniswap and Sushiswap are designed to always have a price at which they will swap any two tokens they have in liquidity pools.

Related: Binance Eyes Uniswap’s Lunch With Launch of Centralized ‘Swaps’ Platform

One app is able to drive liquidity into another because of SushiSwap’s liquidity mining scheme. SushiSwap promises to reward those who help it compete on liquidity with both a fee on trades and fresh governance tokens, which will also earn a portion of trading fees.

Read more: What Is Yield Farming? The Rocket Fuel of DeFi, Explained

Uniswap is built without a governance token; it is instead a venture backed company. Liquidity providers (LPs) are rewarded by sharing the 0.3% fee on all trades within pools they have submitted liquidity too. 

Explaining how this works requires getting into the weeds of DeFi composability.

Related: Jump Trading Invests in Decentralized Exchange Serum, Signs On as Market Maker

Under the original design for the SushiSwap launch, Ethereum users would get an extra-large share of SUSHI if they deposited Uniswap V2 LP tokens pre SushiSwap launch, over the two weeks following block 10750000. 

Read more: Uniswap Rises to Top of DeFi Charts Thanks to Rival Looking to Unseat It

Uniswap runs on a series of pools of two tokens each. It uses these pools to allow users to make exchanges between any two ERC-20 tokens. Each of these pools has its own unique LP token that users get if they deposit liquidity.

These LP tokens can be withdrawn at any time for the users’ share of that pool. SushiSwap is giving users an incentive to deposit large amounts into Uniswap and then turn the LP tokens they receive for doing so over to SushiSwap. Then, at the appointed time, SushiSwap will redeem all those LP tokens, moving a large amount of Uniswap’s liquidity onto SushiSwap.

This is why some have referred to it as “vampire mining.” 

Obviously, depositors of Uniswap’s LP tokens have been promised exactly the same amount of SushiSwap LP tokens, so everyone will be made whole. 

According to one tool tracking SushiSwap’s expected token share, the upstart has 79.9% of Uniswap’s liquidity in LP tokens.

That liquidity withdrawal was originally scheduled to occur at the end of that two week bonus period, or on roughly September 11.

With a new proposal submitted by NomiChef, SushiSwap’s creator, on Thursday, that timeline has been moved up to 48 hours from the “timelock,” which is presumably sometime shortly following the end of the vote.

The vote ended at 14:00 UTC Friday, with just under 87% of SUSHI holdings voting in favor, which should mean the liquidity shift should happen sometime on Sunday.

Related Stories

• Blockchain Bites: How SushiSwap Drove Uniswap to DeFi’s Top Spot
• First Mover: Bitcoin Tumbles, Bithumb Reportedly Raided, Uniswap Challenges Coinbase

Fifth seed Alexander Zverev overcame a slow start to dispatch France's Adrian Mannarino 6-7(4) 6-4 6-2 6-2 at the U.S. Open on Friday in a match that was delayed by health officials for over 2-1/2 hours.

Argentina's economy is likely to contract 12% in 2020 due to the effects of the COVID-19 pandemic, a central bank survey of economists showed on Friday, a slightly more positive outlook than a month earlier.

Roche Holding AG on Friday said a therapy it co-developed with Cambridge-based Blueprint Medicines Corp was approved by the U.S. health regulator for the treatment of patients with a type of non-small cell lung cancer (NSCLC).

Just one SPAC is scheduled for the week ahead. More SPACs may join the IPO calendar, and another wave of new filings will likely hit after Labor Day as well. Several companies are set to launch in the shortened holiday week, including software providers Unity Software (U), Snowfl

The recent surge higher in Tesla (NASDAQ: TSLA) shares was attributed, in part, to anticipation that the electric-vehicle maker would soon be added to the S&P 500 Index. But the new list is out, and Tesla isn't on it. This caused Tesla shares to fall 7% in Friday's after-hou

Warren Buffett-led Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) continues to scale back on banking exposure. Regulatory paperwork filed late Friday indicates the investment company now owns a little more than 136 million shares of Wells Fargo (NYSE: WFC), down 101 million shar

While there were no IPOs this past week, five SPACs went public ahead of the post-Labor Day rush. Casdin Capital and Corvex Management’s SPAC CM Life Sciences (CMLFU) upsized to raise $385 million. Led by the firms’ founders, Eli Casdin and Keith Meister, the company

U.S. oil and gas producer ConocoPhillips withdrew a request to extend flaring permits at 41 of its sites in West Texas, saying it no longer needed them as operational improvements had reduced the need for flaring events.

Image source: The Motley Fool.

El Salvador's attorney general on Friday said he plans to investigate allegations that the government of President Nayib Bukele is negotiating with members of a notorious gang to reduce homicides.