03-21-2023, 05:37 AM
How CCIP-051 caused the creator of RCPswap to abandon his own DEX and provide liquid
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/11wpz97/how_ccip051_caused_the_creator_of_rcpswap_to/"> <img src="https://external-preview.redd.it/pjqder-NQriV8mjK1HX_e59hnNNI8dGjp_QMI8ArBRE.jpg?width=640&crop=smart&auto=webp&s=76a3c79024edb6578cf834aec97c1dc6a50db547" alt="How CCIP-051 caused the creator of RCPswap to abandon his own DEX and provide liquidity on a competing DEX ." title="How CCIP-051 caused the creator of RCPswap to abandon his own DEX and provide liquidity on a competing DEX ." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>CCIP-051 - pays out moon rewards to liquidity providers on SushiSwap, it has been incredibly successful and increased liquidity up to $600k.</p> <p>you can read more about it here.</p> <p><a href="https://www.reddit.com/r/CryptoCurrency/comments/1135fht/ccip051_pay_out_moon_rewards_to_owners_of/">https://www.reddit.com/r/CryptoCurrency/comments/1135fht/ccip051_pay_out_moon_rewards_to_owners_of/</a></p> <p>So the interesting thing that happened last night was seeing the creator of RCPswap another DEX on Arbitrum Nova remove liquidity from his own DEX to provide liquidity on SushiSwap and earn some extra moons.</p> <p>you can see the drop in liquidity on RCPswap - around $43k was removed from the eth/moon pool. This $43k would later be added to the eth/moon pool on SushiSwap.</p> <p><a href="https://defillama.com/protocol/rcpswap?denomination=USD">https://defillama.com/protocol/rcpswap?denomination=USD</a></p> <p><a href="https://preview.redd.it/0tzvcveilxoa1.png?width=1654&format=png&auto=webp&s=75bee1be43eb11aadcafc3824ef4d579d9643a8d">https://preview.redd.it/0tzvcveilxoa1.png?width=1654&format=png&auto=webp&s=75bee1be43eb11aadcafc3824ef4d579d9643a8d</a></p> <p>about $9k is left in the eth/moon liquidity pool on RCPswap</p> <p><a href="https://www.geckoterminal.com/arbitrum_nova/rcpswap/pools">https://www.geckoterminal.com/arbitrum_nova/rcpswap/pools</a></p> <p><a href="https://preview.redd.it/00xxlnqnlxoa1.png?width=1705&format=png&auto=webp&s=15cf7d4b9317d3f16dc810bc0757eee7bd34ea0c">https://preview.redd.it/00xxlnqnlxoa1.png?width=1705&format=png&auto=webp&s=15cf7d4b9317d3f16dc810bc0757eee7bd34ea0c</a></p> <p>You can see that the top liquidity provider on SushiSwap is now the creator of RCPswap (name redacted for privacy reasons) and will now be earning 112 moons a day ($36.62 at current price)</p> <p><a href="https://ccmoons.com/liquidity">https://ccmoons.com/liquidity</a></p> <p><a href="https://preview.redd.it/3ruxakzxlxoa1.jpg?width=1821&format=pjpg&auto=webp&s=e837ca4126ca9dbf620dae86e28152848e7d0e02">https://preview.redd.it/3ruxakzxlxoa1.jpg?width=1821&format=pjpg&auto=webp&s=e837ca4126ca9dbf620dae86e28152848e7d0e02</a></p> <p>CCIP-051 will go down in <a href="/r/cc">r/cc</a> history as probably the most successful Governance proposal.</p> <p>TLDR: CCIP-051 was so good it caused the creator of RCPswap to abandon his own DEX in favor of SushiSwap.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Odlavso"> /u/Odlavso </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11wpz97/how_ccip051_caused_the_creator_of_rcpswap_to/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11wpz97/how_ccip051_caused_the_creator_of_rcpswap_to/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/11wpz97/how_ccip051_caused_the_creator_of_rcpswap_to/"> <img src="https://external-preview.redd.it/pjqder-NQriV8mjK1HX_e59hnNNI8dGjp_QMI8ArBRE.jpg?width=640&crop=smart&auto=webp&s=76a3c79024edb6578cf834aec97c1dc6a50db547" alt="How CCIP-051 caused the creator of RCPswap to abandon his own DEX and provide liquidity on a competing DEX ." title="How CCIP-051 caused the creator of RCPswap to abandon his own DEX and provide liquidity on a competing DEX ." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>CCIP-051 - pays out moon rewards to liquidity providers on SushiSwap, it has been incredibly successful and increased liquidity up to $600k.</p> <p>you can read more about it here.</p> <p><a href="https://www.reddit.com/r/CryptoCurrency/comments/1135fht/ccip051_pay_out_moon_rewards_to_owners_of/">https://www.reddit.com/r/CryptoCurrency/comments/1135fht/ccip051_pay_out_moon_rewards_to_owners_of/</a></p> <p>So the interesting thing that happened last night was seeing the creator of RCPswap another DEX on Arbitrum Nova remove liquidity from his own DEX to provide liquidity on SushiSwap and earn some extra moons.</p> <p>you can see the drop in liquidity on RCPswap - around $43k was removed from the eth/moon pool. This $43k would later be added to the eth/moon pool on SushiSwap.</p> <p><a href="https://defillama.com/protocol/rcpswap?denomination=USD">https://defillama.com/protocol/rcpswap?denomination=USD</a></p> <p><a href="https://preview.redd.it/0tzvcveilxoa1.png?width=1654&format=png&auto=webp&s=75bee1be43eb11aadcafc3824ef4d579d9643a8d">https://preview.redd.it/0tzvcveilxoa1.png?width=1654&format=png&auto=webp&s=75bee1be43eb11aadcafc3824ef4d579d9643a8d</a></p> <p>about $9k is left in the eth/moon liquidity pool on RCPswap</p> <p><a href="https://www.geckoterminal.com/arbitrum_nova/rcpswap/pools">https://www.geckoterminal.com/arbitrum_nova/rcpswap/pools</a></p> <p><a href="https://preview.redd.it/00xxlnqnlxoa1.png?width=1705&format=png&auto=webp&s=15cf7d4b9317d3f16dc810bc0757eee7bd34ea0c">https://preview.redd.it/00xxlnqnlxoa1.png?width=1705&format=png&auto=webp&s=15cf7d4b9317d3f16dc810bc0757eee7bd34ea0c</a></p> <p>You can see that the top liquidity provider on SushiSwap is now the creator of RCPswap (name redacted for privacy reasons) and will now be earning 112 moons a day ($36.62 at current price)</p> <p><a href="https://ccmoons.com/liquidity">https://ccmoons.com/liquidity</a></p> <p><a href="https://preview.redd.it/3ruxakzxlxoa1.jpg?width=1821&format=pjpg&auto=webp&s=e837ca4126ca9dbf620dae86e28152848e7d0e02">https://preview.redd.it/3ruxakzxlxoa1.jpg?width=1821&format=pjpg&auto=webp&s=e837ca4126ca9dbf620dae86e28152848e7d0e02</a></p> <p>CCIP-051 will go down in <a href="/r/cc">r/cc</a> history as probably the most successful Governance proposal.</p> <p>TLDR: CCIP-051 was so good it caused the creator of RCPswap to abandon his own DEX in favor of SushiSwap.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Odlavso"> /u/Odlavso </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11wpz97/how_ccip051_caused_the_creator_of_rcpswap_to/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11wpz97/how_ccip051_caused_the_creator_of_rcpswap_to/">[comments]</a></span> </td></tr></table>