Thread by @SBF_FTX

1) Last night control of Sushiswap was passed off to multisig control. So this is my last message as temporary-substitute-chef and my first as.... a waiter? IDK.

2) NOT INVESTMENT ADVICE

3) First, off, I'd like to echo others in congratulating Uniswap. This was by all definitions a well done, successful launch; all the more so given the pressure.

4) So what's my vision for Sushi?

Well Sushiswap is the Sushi community's. And so it should be what they want it to be.

What I would do is below. But that doesn't need to be what Sushiswap does!

5) First, I would implement margin trading. It's not that hard! You compose @compoundfinance / @AaveAave with it.

This would be baller. Look at ftx.com/volume-monitor.

Do you want to have margin?

Yes. Yes, you do.

6) Second, I would make most of the SUSHI airdrops vesting over a year.

That solves a collective action problem, and allows people to retain the yield without as much selling pressure.

I'd also probably decrease them a bit.

7) Third, I would give incentives for anyone to build on Sushiswap.

You can already compose yield if you give yield of Sushiswap LP tokens and then stake them on Sushiswap.

I would make this clear, and I would also make adding a market super simple and reward active new ones.

8) And fourth -- yeah ok you guys know what this one is.

But seriously, 1-second-settlement and $0.00002 gas is awesome.

And it's on-chain, on an L1 -- you can compose directly there!

9) Look at your DEX. The back to Serum. Then back to your DEX. Then back to Serum.

This is the DEX your DEX could feel like, if you built on Serum.

serum-academy.com/en/dex-list/

I guess.... I'm on a horse?

10) But anyway I'm not Sushi, you are, and so you should decide what happens.

I know what direction I'm going. It's up to you whether to follow.

And by the way -- this doesn't just apply to Sushiswap. We'd love to have @UniswapProtocol as well! I'm sure you feel similarly ;)

11) And to @compoundfinance, @AaveAave, @BalancerLabs, @iearnfinance, @CurveFinance, and the whole rest of the decentralized ecosystem -- Serum is charging forward. It's setting its own (modest) volume requirements daily, and the list of integrations is ballooning.

12) @ProjectSerum is going to build out a powerful system one way or another -- but we'd love to have you be a part of it.

Because you've built awesome things -- as has the rest of the space. And even more than that, an awesome community.

13) And to everyone thinking about how where to position themselves in DeFi --

do you wanna be right or do you wanna make money?

And if you don't choose to make money -- how sure are you you're really right?

14) I want to work on the best, most powerful products I can, because that's where the upside is.

And I'm super excited about where @ProjectSerum is going -- about all the awesome shit people have built on it, and are building, and will build.

15) p.s.

--a huge thanks to everyone who helped bail Sushi out -- including @0xMaki, all of the mods and multis members, the community, and of all people, @NomiChef, who after returning the funds came and pitched in on the dev side.