Thread by @moo9000

1/ Your daily dose of $SUSHI 🍣🍣🍣

Because what else a #defi degens would needle in their veins on a Wednesday morning.

INCLUDES MIGRATION AND PENDING VOTING RESULTS

👇👇👇

2/ The first and the last of $SUSHI dev fund and deployment multi-signature wallet voting is almost at its end.

Six hours to go, but voting is trickling down.

3/ 6 out of 9 members of this upcoming wallet can confirm transactions as Sushi the unregistered organisation

4/ They are bound to execute the will of $SUSHI community in spirit.

But not in a text, as there is no legal entity or paper contracts.

5/ Eventually, a better digital autonomous organisation (DAO) will replace these people.

However, voting on-chain on mainnet #Ethereum just does not cut it today, because of scalability issues: voting would be too expensive.

6/ So who is going to be the executive of $SUSHI community?

👇👇👇

7/ Here is a screenshot from

sushi.zippo.io/election

A yet another great dashboard made by @zippoxer

8/ Currently the list of top nine candidates is

@SBF_Alameda
@rleshner
@0xMaki
@cmsholdings
@lawmaster
@mattysino
@mickhagen
@AdamScochran
@zippoxer

9/ Everyone on the list is either active $SUSHI contributor or a familiar face from Twitter

10/ Incidentally, we have candidates that no one wants in

Looks like being anonymous crypto trader or a cat face Twitter meme account is not good in this voting.

11/ 4% of voting power is has been cast.

This indicates direct democracy or direct vote by money is not going to attract a lot of capital.

This was guessable upfront. Also, the voting period was only 24h.

12/ But still, 1800 wallets voted.

I would like to see the shareholder meeting of a traditional public company where 1800 shareholders to show up with a voting ballot.

Does anyone have pictures?

13/ Maybe $SUSHI should delegate most of its power to an executive board - you would vote for board seat members.

Then direct voting would be reserved as an option to override the board if things get hairy.

This model would be more scalable as person hours.

14/ Also $SUSHI migration is in a few hours, so brace yourself. It is either going to go very well or be the shitstorm of the century, with $1 billion lost.

15/ The migration means that all tokens from Uniswap are vampire moved to new launched @SushiSwap exchange.

Sushi can do this, because people have staked their Uniswap LP tokens (liquidity protocol) tokens that you get when you deposit and withdraw in trading pair pools.

16/ The migrator program uses these LP tokens to move tokens from Uniswap trading pools to @SushiSwap trading pools.

It will be the transaction fo #defi millennium.

17/ After migration is done, everyone will trade on freshly opened SushiSwap and vampires rejoy.

Uniswap, on the other hand, sees most of its disappeared.

18/ FIN - that's all for Wednesday.

After the $SUSHI migration in a few hours we will see if #defi brings us Star Terk future or Mad Max future. So stay tuned!