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Home NFT

Sushi Drama: how a conflict in the SushiSwap team almost killed a promising project

by Impluse News Desk
February 11, 2022
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For many years, I, like many readers of Habr, have been dreaming of being at the very beginning of some powerful trend ( and not slamming my ears, as always, and running after the departing train ).

And it seems that now I am just observing just such a trend: this is the massive emergence and development of decentralized organizations and crypto start-ups with interesting mechanisms of (self) management. We are talking about DAO and related phenomena. Now more and more people are talking about this, but there is a strong feeling that the real tsunami will come precisely in 2022-2023.

Update 23/12/21: as rightly noted in the comments, it turned out chaotically and without explaining some basic topics from the crypto sphere. But, as they say, “what is written with a pen …”. That is, now it will not be very correct to replace the text, so I’ll just add a couple of clarifying points. Thanks to the commentators who suggested what was missing.

If the topic of decentralization and DAO, in particular, is interesting, then I will make separate posts about it. Now just a couple of educational program materials.

  1. There was a desire to clarify what Web3 is without bullshit. IMHO, from what I saw, in the simplest words (maybe even too simple, which, as for me, is still a plus) were explained in this 10-minute video (in Russian).
  2. Regarding Web3 and decentralization – delivering the text 2 more times is inhumane, so just links to the very best
    • DAO Landscape (key about the DAO ecosystem, English)
    • In general, everything on Web3 (English)

After reading this text (in theory) should cease to seem like incoherent nonsense and gibberish.

Why is this post needed here and what is it all about?

1. This text will focus on the development team of the SushiSwap project and on the protracted conflict, which caused a quite tangible resonance in the industry and provoked a wave of new thoughts.

2. If traditional IT is still dominated by the hiring of developers into a team (in the staff, for outsourcing, and that’s all), then crypto projects now prefer to choose the form of DAO (decentralized autonomous organizations). This is a kind of organizational form, as a legal entity, only without all these legal red tapes, restrictions, and bureaucratic slowness.

DAO is deployed using ready-made frameworks and templates in just a few minutes (for example, through Aragon or Colony) and is further controlled by program code. And, in fact, that’s all: we assemble a team, contributors are connected, we set up Governance (management mechanics), and let’s go. Sounds nice, but DAO founders still need a good understanding of what, why, and how they do things. It is about the rake, which many are still stepping on, that I will briefly try to tell.

3. This year has revealed a black hole-sized gap between Web2 developers and the Web3 development ecosystem, where there is a severe shortage of developers. And often developers from the “classic” areas are not even aware that they are waiting for them here. And is it on the topic? The more developers there will be in the field, the higher the competition, the fewer distortions like what happened, the more stable the system as a whole. I could be wrong, but I think that’s the logic.

Tags: nft newsSushiSwapSushiSwap nft

Impluse News Desk

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