a) they did huge damage to the sushi and defi communities
b) they could have held out for the long run and been a core leader of a prominent project. They could have gotten more than 5m SUSHI from that.
They were the good guy and they became the bad guy. The amount you lose for that is huge.
Instead they just reflected that upon themselves.
Well, first it's imperative that Nomi release all keys and continue with the migration. As long as Nomi has control of Sushi, it does not have a future.
First, it gave great yield.
Second, it showed the promise of DeFi. It was building, quickly; and unifying a community; and dynamic and active.
And I was really excited for a community-owned AMM to build at prosper and show the same explosion of growth that the rest of DeFi was seeing.
And third, it was an opportunity for Serum.
That was a fuckup on their part, and a fuckup on my part not to clarify.
But I can offer a way forward for Sushi.
First, Nomi has to give up all control, keys, etc. for Sushi and has to do so now. If not, his project is dead.
And in fact there's more. Nomi sold 5mm SUSHI from the dev pool.
If the above happen, I will personally return 5mm SUSHI to the community.
Otherwise, if the above don't happen--so be it.
There will be an AMM on Serum either way, and it will be composed with orderbooks and borrow/lending, and it will be fucking awesome.
serum-academy.com/en/dex-list/
a) Nomi sucks and hurt the community
b) Sushi shows promise as a dynamic AMM built by the community
c) If Nomi doesn't step down, it's over for Sushi.
d) If Sushi adds a division on Serum, we'll give 5mm SUSHI to farmers
e) Either way, AMMs coming to Serum