Within a week of SushiSwap going online, Decentralized Finance (DeFi) project SushiSwap’s total value locked (TVL) surpassed $1.5 billion. At its highest point, it made up around 70% of liquidity on the decentralized trade Uniswap. The Founding team of SushiSwap is extremely small, consisting of three people, 0xMaki (co-founder of SushiSwap), Chef Nomi (now referred to as Chef), and SushiSwap. The first two are responsible product and code development, while the latter is responsible for operations and growth.
However, SushiSwap took only seven days to launch. The co-founder of SushiSwap, 0xMaki (now referred to as Maki) once proudly said that Uniswap took around two years to get where it is today, but SushiSwap only took them seven days.
Earlier this week, CoinDesk China published an exclusive interview with co-founder, Maki, the only remaining SushiSwap founding team member. The interview is slightly edited, showcases Maki’s views on Chef’s sale of the development funds and Sam’s management power, also about the SushiSwap’s development strategy after the Chef’s departure.
Last Saturday, SushiSwap co-founder Chef abruptly sold all the tokens that were to be utilized for the development of the funds, without telling the community. This move started disappointment and uncertainty in the network, and SUSHI’s cost plunged.
As questions in the network kept on developing, Chef chose to move the Admin Keys to FTX CEO Sam Bankman-Fried (later alluded to as Sam) and left a message saying I am a decent individual.
After the CEO, Sam took control over the administration key, he and Maki composed the code movement and multi-signature validator casting votes. SushiSwap has since finished migrating its clients’ assets from Uniswap and turned control over to nine all-around regarded customers who can endorse changes and consumptions as a group.
Image Courtesy : Pixabay
