1/6 As far as I can tell the $SUSHI guys are sitting on $27M USD worth of their own token that could be dumped or used to dump against LP tokens.

When I first looked through the contract, I assumed that the dev fund was going to a wallet that was locked by gov vote or timelock. https://twitter.com/cicnos1/status/1300856128444788736">https://twitter.com/cicnos1/s...

2/6

It seems however it is just a generic wallet that the SushiSwap admin has keys for.

That means without warning you could be dumped on.

Now, I& #39;ve been impressed with the results of SushiSwap and the teams professionalism so far, but, let& #39;s take a step back

3/6

Consider you just made a project that earned you $27M in revenue, and was worth $2B fully diluted.

Would you take a little bit of money off the table?

If Nomi announced that and took even 10% off the table, people would likely be ok with it.

4/6

But in my mind, not touching a $27M unlocked dev fund is almost more suspect.

It& #39;s pretty obvious that the project isn& #39;t worth a $2B fully diluted marketcap today. So someone as smart as Nomi likely isn& #39;t banking on the token price going higher.

5/6

So what counter economic incentives exist to not touch $27M?

Giving the benefit of the doubt to @NomiChef I imagine this was just an overlooked aspect of the ecosystem.

But, these funds should be immediately moved to a governance vote locked wallet

6/6

otherwise they pose systemic ecosystem risk.

I don& #39;t think the community would mind if Nomi cashed out a bit along the way, but that pool can& #39;t just sit there in a generic admin key wallet.