"It's Not About Fighting for People Already in DeFi, But About Bringing More People In:" SushiSwap's 0xMaki
In this week's episode we interview 0xMaki, an anonymous DeFi developer contributing to SushiSwap and Yearn Finance protocols. We talk about growing Sushi beyond its drama-filled beginnings as a fork of Uniswap, into a DEX that can hold its own as the second-most active trading platform in Ethereum DeFi. He goes into the main pieces that set SushiSwap apart with its margin trading and a soon-to-be-released smart contract suite to easily launch tokens. He says, it’s short-sighted for DEX competitors to be fighting among each other, as they should be fighting outwards, to bring more people into DeFi, and not inwards trying to win over the people who are already here.
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SotN#31: The Rise of SushiSwap, with 0xMaki (Sushi vs Uniswap, Differentiation, Future of Sushi)
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------ SotN31: The Rise of SushiSwap, with 0x Maki (Sushi vs Uniswap, Differentiation, Future of Sushi)
We bring 0xMaki, a core contributor to the SushiSwap DEX, to the Bankless State of the Nation, to get into the story behind Sushi's rise out of the depths of the 3 month DeFi bear market!
Topics Covered: - The Sushi Story Thus Far - SushiSwap Differentiation - Integrations and Partnerships - The Future of SushiSwap - The Future of DeFi
We begin with a history of the SushiSwap project and its migration from Uniswap. Maki takes us through the structures of the Sushi Ecosystem and discusses the role of Chef Nomi on the trajectory of the exchange in its turbulent beginnings.
Maki argues for a flexible, bottom-up, and community-based approach, with an emphasis on integration with other protocols like Yearn Finance, Polkadot, and Cream. We discuss Sushi’s remarkable comeback from its early struggles in 2020, and how its current volume of over $100mm daily is a result of the efforts of its diehard community.
Maki differentiates the SushiSwap Protocol from that of its sibling Uniswap, as well as the asset $SUSHI from the asset $UNI. Maki contends that Sushi’s fast-moving UI development and integration with external partners set SushiSwap apart from other DEXes.
Maki is optimistic about the adoption of Layer 2 Scaling Solutions throughout DeFi in 2021 and lays out some of SushiSwap’s ambitious plans for the future, including optimizing gas fees and user experience.
Lastly, Maki discusses the future of DeFi, arguing for compatibility and coexistence among decentralized protocols.
------ Relevant Links:
BentoBox https://boringcrypto.medium.com/bentobox-to-launch-and-beyond-d2d5dc2350bd
SushiSwap Exchange https://sushiswap.fi/
SushiSwap’s Roadmap for 2021 https://sushiswapchef.medium.com/2021-3e1f45cf86a2
SushiSwap Forum https://forum.sushiswapclassic.org/
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