Quick Reference Card: Liquidity Mining
In June 2020, Compound began distributing COMP to depositors and borrowers, an event often considered the start of “DeFi Summer.”
You also have to pay gas fees and bear slippage when withdrawing liquidity; frequently switching pools can eat into your returns.
$SUSHI is SushiSwap’s token. SushiSwap got its start in 2020 through liquidity mining.