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How SushiSwap Proved That Liquidity Is Not a Moat

How SushiSwap Proved That Liquidity Is Not a Moat

Released Friday, 11th September 2020
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How SushiSwap Proved That Liquidity Is Not a Moat

How SushiSwap Proved That Liquidity Is Not a Moat

How SushiSwap Proved That Liquidity Is Not a Moat

How SushiSwap Proved That Liquidity Is Not a Moat

Friday, 11th September 2020
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0xMaki, a cofounder of SushiSwap explains how and why he got involved in this project forked from SushiSwap, why he thinks his view of decentralization differs from that of many centralized teams that being such projects, and what the benefits of the SushiSwap vampire mining scheme have been. He discusses: how and why he got involved in SushiSwapwhy he feels his view of decentralization differs from that of teams such as Uniswapwho he believes the other cofounders are, demographicallywhy cofounder Chef Nomi cashed out to take $13 million after a week's worth of work on the project how it was decided to hand the admin key to SushiSwap over to Sam Bankman-Fried, the CEO of FTX and Alameda Researchhow SushiSwap proved that liquidity is not a moat, although trading volume might bewhy he doesn't own $SUSHIhow he feels about taking code from Uniswapthe vision for SushiSwap going forwardwhether or not SushiSwap will be built on another blockchainwhere he got his $YFI sweatshirt and $YAM pantshow SushiSwap introduced a lot of people to being liquidity providers for the first time, and why that's beneficial for DeFi in general why, despite Chef Nomi cashing out, he thinks people will still trust anonymous devs going forwardThank you to our sponsors! Crypto.com: http://crypto.comNexo: https://www.nexo.ioCosmos: five.hackatom.orgEpisode links: 0xMaki: https://twitter.com/0xMakiSushiSwap: https://sushiswapclassic.orgSushiSwap stats: https://sushiswap.vision/home The Defiant’s pre-migration recap of the SushiSwap saga: https://thedefiant.substack.com/p/sushiswaps-vampire-scheme-hours-awayHow the SushiSwap migration went down: https://www.coindesk.com/sushiswap-migration-defi-protocol-politicians https://www.theblockcrypto.com/post/77324/sushiswap-initiates-migration-of-over-800m-in-liquidity-funds-from-uniswap Forbes interview with Sam Bankman-Fried on the SushiSwap drama: https://www.forbes.com/sites/tatianakoffman/2020/09/06/exclusive-sbf-speaks-out-on-defis-sushi-saga/#55e447d65145 Chef Nomi’s explanation of why he or she decided to cash out: https://twitter.com/NomiChef/status/1302214292792422401?s=20Reaction to Chef Nomi cashing out: https://twitter.com/alistairmilne/status/1302246157628956672?s=20Sam Bankman-Fried’s proposal to build out SushiSwap on Solana: https://docs.google.com/document/d/1EParJnqmYs1TJ1qX2q8nnyPeKCA1pF10zLCLYoDxTL8/editIn the end, the total amount of liquidity across both AMMs is greater than before SushiSwap was created: https://twitter.com/koeppelmann/status/1303784413864636417?s=20 Links from news recap:https://unchainedpodcast.com/the-key-metric-that-jumped-82-in-august/

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