0/ As we kick off 2021, I’d like to unpack the story of @SushiSwap and @UniswapProtocol and build on the theme of how cultural differences can explain why both ultimately succeeded, despite being direct competitors with virtually identical products.
https://twitter.com/CoinDesk/status/1352303008189657095
1/ Recognizing that both could thrive with their own strategies, I draw a comparison between @SushiSwap and @binance, and @UniswapProtocol and @coinbase from various angles, including the form of the product, the frequency of iteration, and the interaction with the public.
2/ Over the past year, I spent a lot of time trying to understand differences in opinion across Eastern and Western cultures. While the view could often be stereotypical, the attempt to understand user behavior and product design via a cultural lens could be more or less valuable
3/ One opinion I long held about DeFi was that despite the global liquidity, protocols often benefit from having access to the regional business development relationships and operating in line with local user behaviors.
4/ Admittedly, the users of Sushiswap and Uniswap are quite spread out around the world. Stiil, the distribution of the supporters of each shows a certain cultural divergence, inevitably due to the difference of product and operation style that Sushiswap and Uniswap choose.
5/ Also attaching the "part I" article as a reference:
As always, open for DM and discussion. :)
{Fin.}
https://twitter.com/Mable_Jiang/status/1339604484205342721?s=20
As always, open for DM and discussion. :)
{Fin.}
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