SushiSwap is one of the most popular and veteran decentralized exchanges and Automated Market Makers (AMMs). Still, he has seen a fair amount of internal wrangling over the past two months.
Now, a community proposal calls for a merger between Sushi and the Bancor Network.
A Bit of Context
On December 9th, Joseph Delong, the Chief Technical Officer of SushiSwap, announced his resignation. This was no coincidence and the culmination of a prolonged squabble within the community.
In November, a leaked screenshot revealed a poll in which Delong asked if 0xMaki – key developer of SushiSwap, should leave the core team and take an advisory role. The former chief technology officer refuted the claims and threatened to step down if the community failed to support the proposed core team.
He also submitted a proposal to pay core team members 200,000 SUSHI tokens worth about a million dollars back then, but this didn’t pass.
Sushi and Bancor?
Now, there has been a proposal posted on the SushiSwap forums that calls for a merger with the Bancor network, where the main idea is that the two projects create a new network that would provide a more positive outcome for liquidity providers and retailers. tradespeople.
The proposal doesn’t come with a lot of details on the technical aspects but leverages the turmoil in SushiSwap’s leadership as one of the reasons. The voting ends in a few hours, and unless something unexpected happens, it doesn’t; seem likely for the proposal to pass, according to a snapshot on Bancor. At the time of this writing, over 58% of the people are against it, while around 42% are supportive.
Mark Richardson, director of research at Bancor, also commented on the issue, which said the proposal, in its current form and form, lacks the substance to be taken seriously, but is not fundamentally against it. ‘initiative.
I want to wrap this up by saying that I would be so excited to merge the Bancor project with Sushi. I can see very clearly that such an event could have immense value for all involved. There seems to be a synergy of developer talent, community energy, and shared vision that would be very powerful. I don’t want my criticisms here to be misconstrued as an outwardly negative reaction. I wouldn’t bother showing up if I thought the idea was vacuous. But it is [very] incomplete. – He said.
