Read on Twitter
1) My thoughts on direction for Sushi
2) No one has to listen to these! Sushi is being transferred to community control. This is just my take, feel free to ignore.
NOT INVESTMENT ADVICE. I AM NOT AND NEVER HAVE BEEN NOMI. I DON'T EVEN EAT FISH. I was just a temporary chef trying to steady the helm.
NOT INVESTMENT ADVICE. I AM NOT AND NEVER HAVE BEEN NOMI. I DON'T EVEN EAT FISH. I was just a temporary chef trying to steady the helm.
3) First, I think the top priorities right now are:
a) making sure migration is successful
b) making sure multisig transition happens
c) getting as much TVL through the transition as possible. You can support the cause by keeping your stake! Plus 2mm SUSHI reward.
a) making sure migration is successful
b) making sure multisig transition happens
c) getting as much TVL through the transition as possible. You can support the cause by keeping your stake! Plus 2mm SUSHI reward.
4) After that, here are my humble thoughts.
First, I agree that supply should be reduced. Part of this will happen naturally as the the inflation dies down.
But I think we should go further: I think that some of the SUSHI rewards should be locked.
First, I agree that supply should be reduced. Part of this will happen naturally as the the inflation dies down.
But I think we should go further: I think that some of the SUSHI rewards should be locked.
5) Maybe take the current schedule, but make 1/6 of the SUSHI unlocked, 1/3 locked for 1 year, and reduce rate by 50%.
That means that SUSHI stakers have a long term interest in the health of the platform, and also that circulating supply is lowered.
That means that SUSHI stakers have a long term interest in the health of the platform, and also that circulating supply is lowered.
6) Also, I'd reduce taker fees from 30bps to 20bps, maker rebate of 15bps, and 5bps --> SUSHI holders. This lines up more with prevailing rates in the industry.
7) Next, I'd compose with @compoundfinance and @AaveAave to create seemless margin trading on Sushiswap.
8) Finally--yes I'm biased!--I'd build out a branch on Serum.
If you haven't tried it yet, you should: https://serum-academy.com/en/dex-list/
That's 1 second orders, $0.00002 gas, 100% on-chain orderbook/matching engine. Imagine if Sushiswap was that fast and cheap and powerful. Aim big!
If you haven't tried it yet, you should: https://serum-academy.com/en/dex-list/
That's 1 second orders, $0.00002 gas, 100% on-chain orderbook/matching engine. Imagine if Sushiswap was that fast and cheap and powerful. Aim big!
9) Basically I think that's what presents the huge upside case for Sushi: don't just try to win the vanilla ETH AMM game; that's going to be passed round and round.
First, win the vanilla ETH AMM game. Then, try to become something much more.
First, win the vanilla ETH AMM game. Then, try to become something much more.
10) Anyway on the eve of the end of my chefdom I wanted to present one vision for Sushi. It's not the only one. But it's mine.
Now sushi is going to be yours, finally. Make of it what you will.
Now sushi is going to be yours, finally. Make of it what you will.
