Recap: DeFi Week of Aug. 31 🦄

Hello Defiers, hope you’re having a great weekend! Summing up: This past week was all about SushiSwap and meme coins. The SushiSwap saga is turning into the most dramatic moments in DeFi this year. Sushiswap’s stated goal at launch was to capture and migrate Uniswap’s liquidty into a new protocol which would give liquidity providerds greater upside and particpation thanks to its native SUSHI token. The initial idea was able to rally support from the DeFi community, but that good will has quickly turned after the anonymous developer behind it sold all their SUSHI and gave up control of the platform.

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