my take on the $sushi debacle 👇
tl;dr - it takes longer than a week to build a community
it takes love😘
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the dominant narrative of $sushi was that it was , but instead of VCs it was owned by the "community" via a "fair launch" where farmers could earn tokens and rewards would be shared with the token holders
it turns out it's not so simple
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uniswap:
- 7 employees
- ~13m raised
- 1.83-billion Liquidity
- Tier 1 VCs
sushiswap:
- Community/DAO-funded devs
- 10% devs share
- 1.42-billion (of Uniswap's current) Liquidity staked
- 16.7% of trading fees distributed to SUSHI token holders twitter.com/teo_leibowitz/…
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Replying to @haydenzadams
You got grants. You paid yourself NYC salary. You have everything. So what do you complain?
I don't sell any token. I pay for gas deployment myself. I distribute everything except funds for development. Actually, I feel very offended you say I'm an opportunist.
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Did you, like, bother to check the SUSHI/ETH LP tokens?
Did you bother to notice that the bulk of our the SUSHI was int he SUSHI/ETH LP pool, farming more?
We've been here before, Ameen. I though last time you agreed to bother doing your homework first.
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Hey Sam, I thought you had made an first day roi of 30% as documented by your thread with - just one question, did you know was beforehand?
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So Sam what your opinion about 🍣. You think Chef just do what he can do?And you still join the 🍣 community (move that to srm/sol)?Or just move on to other projects. Don’t care 🍣 anymore.
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