Moonswap locks up nearly 500 million US dollars

The hottest DeFi mining project in the past two days is moon.

There is no special place in mining. It is the familiar sushi mining model, which provides liquidity for market making and mortgage proof mining.

Moonswap is backed by the Conflux team; Layer 2 is introduced in AMM to achieve 0 GAS fee; the team is very flexible and can adjust to the market in time.

Of course, for those who mine, only the profit is high, and that's it.

Moonswap launched liquid mining on September 11, and the gameplay was basically the same as sushi; it was online within 3 hours and locked up funds of more than 200 million U.S. dollars; due to the lack of time lock and pre-mining 1.25 million moons, many big Vs questioned it; The pool weights were set unreasonably, and the machine gun pool was fired. Moon's price was smashed. While questioning continued, it was potentially smashed and faced the risk of zeroing;

The community suggested to modify the weight of the pool, destroy 1.25 million pre-mined moons, and add a time lock; community confidence was boosted and everything returned to normal track. When writing, the price of moon flew from 2 US dollars to 10 US dollars, and now it is back to 8.8 U.S. dollars, locked up funds reached 490 million U.S. dollars.

DeFi mining, everyone likes it, no private equity, no pre-mining, no team reservation mode.

The Moon team made the decision to destroy the pre-mined part, indicating that moonswap respects the opinions of the community and adopted it in a timely manner.

Moonswap's mining can be described as twists and turns, but I have carried it over, and I can't help but think of a sentence: The one who can't kill me will eventually make me stronger.

I saw the inner flavor of YAM sushi in moonswap. What kind of story Moonswap will play is worth looking forward to

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