Bankless SotN #13 - SOBERING with Anthony Sassano (SushiSwap Founder DEFECTS, Farming 4 Gitcoin)
Sep 9, 2020
In this conversation, Anthony Sassano, a prominent DeFi analyst and contributor with deep insights into SushiSwap, shares his thoughts on the tumultuous changes in the crypto landscape. He discusses the dramatic exit of SushiSwap's founder and its repercussions on the community. The rise of ETH 'killers' and how protocols are directing funds to Gitcoin for public goods funding emerge as hot topics. Sassano emphasizes the importance of transparency and community governance in navigating these complexities.
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Episode notes
SushiSwap Saga
- SushiSwap, a Uniswap clone with a governance token, attracted over $1B in TVL.
- Its TVL consisted of Uniswap LP tokens, enabling a "vampire attack" to migrate liquidity.
Anonymous Founders and Dev Funds
- Anonymous founders can facilitate community ownership transfer.
- Combining this with a substantial dev fund creates a precarious situation, relying on altruism.
Divisions within DeFi
- There were divisions within the DeFi community regarding SushiSwap’s legitimacy.
- Some viewed it as an attack on Uniswap, others were skeptical of the dev fund, while some fully trusted Chef Nomi.