Uniswap’s new UNI token has created a buzz in the DeFi world, with over 13,000 users claiming their tokens within three hours of its launch. This move was in response to SushiSwap’s decision to migrate almost $1 billion of funds from Uniswap through a “vampire mining” attack, which is the migration of an exchange’s funds/liquidity to another source.
This move by SushiSwap essentially sparked one of the more important rivalries in decentralized finance, led by Sam Bankman-Fried, CEO of crypto derivatives exchange FTX. Sam briefly took over SushiSwap from its mastermind, Chef Nomi, and went on to return control of the project to the community and its co-founder, known as Chef Maki. Cointelegraph discussed Uniswap’s response to launching its UNI token with Bankman-Fried, who commented:
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