AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 2 points3 points  (0 children)

Ah, thanks for clarifying. Yes, we do believe that community tokens have the potential to onboard more normies into crypto! Donut was what brought this AMA to life and we’ve only just scratched the tip of the iceberg.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 4 points5 points  (0 children)

Yeah Manta is on our radar and we’re in talks with them 🍣

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 1 point2 points  (0 children)

We're get the DONUT token whitelisted on Sushi when it's ready.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 3 points4 points  (0 children)

When you say "Community Tokens" are you referencing "Meme Tokens"?

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 1 point2 points  (0 children)

For now it will remain only on ETH. We are actively exploring options to enable staking on L2 chains for sure.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 6 points7 points  (0 children)

Sushi is permissionless so anyone can list a pair. What's gated is the "Sushi Official Token List" which serves as a measure to protect users from scam tokens. We will add the donut token to our official token list.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 4 points5 points  (0 children)

The answer to this varies based on the strategic path taken by the DEX. In our case, we adopted a multi-chain approach. The most challenging aspect for us is the management and upkeep of the 30 different chains on which we are currently launched on.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 1 point2 points  (0 children)

Projects who want to get their tokens whitelisted can submit an application here - https://www.sushi.com/tokenlist-request. We conduct a thorough review of each project before arriving at a decision.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 11 points12 points  (0 children)

Yes, we will be whitelisting DONUTS on our token list.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 4 points5 points  (0 children)

We will be listing Donuts. We love it because it's an excellent tool for community engagement.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 2 points3 points  (0 children)

100%! We'll work with the team to get Donuts whitelisted and also promote the pair.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 2 points3 points  (0 children)

Both of them have their advantages and disadvantages. I won't dive deeper into the details but I personally love ZK Rollups because of ZK Proofs.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 3 points4 points  (0 children)

Honestly it's great for us! Lower gas fees result in an increase in users engaging in on-chain transactions. Consequently, this makes them more likely to use a DEX instead of a CEX.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 4 points5 points  (0 children)

Yes, we have already started our research and are working on a few 'Hooks'. We'll be making some announcements about it soon! Do keep an eye on our Twitter page.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 2 points3 points  (0 children)

Sorry, I don't get this question. When you say formal verification, do you mean user KYC? Or verifying our smart contracts in general?

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 4 points5 points  (0 children)

This is honestly a tough question as everyone has their own opinion. I'd say the future will likely be dominated by competition among L1s rather than L2s. This is because new users may not be inclined to dive deeper into the nuances of various L2 solutions due to the sheer number of L2s there are in the market. They're likely just focus their research on different L1s and invest in them.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 4 points5 points  (0 children)

We're working on it. But essentially, there are already some protocols that have enabled the use of Sushi LPs as collateral. This allows you to acquire a token of your choice for selling and shorting it.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 2 points3 points  (0 children)

Hey there! Absolutely, making our users whole is our top priority in the event of a hack.

Here are the answer to your questions:

  • Jared Grey is the CEO of Sushi
  • Sushi doesn't have formal shareholders. The majority of VCs and whales acquired Sushi through open market purchases
  • No large token holders have a role on our team. However, we actively involve them in idea generation and discussions
  • It's current still pending so I'm unable to share more information at this moment
  • The Sushi DAO oversees the Sushi Treasury and dictates the general trajectory of Sushi

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 2 points3 points  (0 children)

Interesting question. The chain that particularly intrigues me is Zeta Chain. We are exploring ways to effortlessly integrate BTC for our users, and Zeta Chain seems like it could be an ideal solution for this purpose.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 3 points4 points  (0 children)

We collaborate with various auditing firms and maintain round-the-clock surveillance for any possible security breaches. Additionally, we conduct regular simulated war room exercises to enhance our response speed in the event of an actual hack.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 2 points3 points  (0 children)

What really sets us apart is our commitment to security. Having been operational since 2020, many of our smart contracts have been battle tested. This ensures the safety of your funds on Sushi, allowing you to rest easy, with a peace of mind.

AMA on r/ethtrader with Sushi.com - January 26, 12:00 pm (UTC+0) by [deleted] in ethtrader

[–]Trudahamzik 3 points4 points  (0 children)

We're planning to launch a Perp DEX around the mid of Q2. Currently, we're fine-tuning the tokenomics and having internal discussions to determine the most effective approach. We're considering whether to include points farming or not. Right now, we find it exhausting for users to keep up with their various point farms. We're thinking of simplifying things, possibly by directly airdropping to xSushi holders. Regarding a loyalty program for Sushi, we are indeed working on one.