🍣 Sushi Forum #79 Notes ✍️

Housekeeping

• Toke proposal re-posted on snapshot. Cast your vote HERE if you haven’t
• Sushi launches on Optimism

Head Chef Search

• Submissions have been steadily flowing in. 6 applicants so far
• Core team has set up a panel to review/interview all applicants
• Nothing concrete yet, but an update will be given when the time is ripe
• Successful applicants who make it to the final round will have to attend the forum to present their vision to the community

Legal

• In the process of engaging Fenwick
• They have a specific blockchain and crypto practice and have worked with many industry leaders in the space e.g Coinbase, Compound, FTX, Opensea, Yuga Labs
• The firm has a global network and is able to cover different jurisdictions. Enables Sushi to easily scale in the future
• Also has a multidisciplinary practice that Sushi can leverage as well
• Fenwick will come back with an action plan for Sushi soon. As of now, no jurisdiction has been selected yet
• More details will be shared with the community soon
• All implementations will go through snapshot

Proposals to took at:

1. Formalize Sushi’s Governance Process

Governance Process Proposal [Part 2]

A “process” is certainly good to define but I dont think it solves the ultimate perceived ‘gatekeeping’ issue because right now its nobody’s “responsibility” to ensure a proposal is posted to snapshot. Yes, anyone with 200k+ sushipowah can do it, but realistically none do because those with 200k+ s…

SushiSwapTrudahamzik

• Implementation of a public document that states the entire flow of Sushi’s governance process, from proposal submission to snapshot
• Ensure proper timelines and parameters are set in place for all proposals that are submitted through the forum
• Will help resolve any confusion the community has

Community feedback:

• Comp/Oversight committee should help with the cost benefit analysis for all proposals and give opinions during forum calls
• Set a fixed date for proposals to go up on snapshot. Makes it easier for community members to track and learn about them

2. Implement a Hiring Process for Sushi

Hiring Proposal [Part 3]

We desperately need a hiring and compensation focus. I proposed a compensation process many months ago, for signal. I fully support hiring proposals and compensation proposals. We will not be able to grow and develop as an organization if we cannot hire credible and qualified candidates. Beyond the…

SushiSwapTrudahamzik

• Process will provide transparency with regards to the hiring of all Sushi core team members
• Create an outlet for interested parties to be able to submit their resumes to Sushi
• Allows the Sushi core team to discover and onboard talented community members who want to contribute
• Bi-annual performance evaluation

Community feedback:

• Performance evaluation should be a separate proposal

3. Treasury’s Transparency

Provide transparency on finances

Don’t think anyone would be against this. I would however like this to turn into specific information fields & level of granularity that the community would like disclosed. By the time this reaches snapshot I would like to see this go from “ deals such as salaries to be paid, bonuses to be paid, e…

SushiSwapBoringCrypto

• A request for Sushi to provide transparency on all expenses and salary deals e.g Financial reports with revenue, expenditures etc
• All Sushi core team members should also use publicly known wallet addresses

Compensation committee feedback:

• Best if the community comes up with a specific list of reports that they want to view, so the Sushi core team can narrow down the details and generate more impactful articles

4. Automatic Self Liquidations for Kashi

Add automatic self liquidations for Kashi

Hey, thanks for the questions! 😄 We don’t really make money in this arrangement directly, its an open network so anyone that runs a bot makes that 10-30% of the tx2 fee. Autonomy as a protocol does not gain directly from the incentive fees, the only gain is that the network becomes more valuable a…

SushiSwapcaraluna

• Allow users to determine when they want to be liquidated
• No modifications will be made to any Sushi contracts
• Team is already working with Sarang

Community feedback:

• Needs more stress testing before integration
• Implementation may also affect Sushi’s liquidation revenue

5. Across Bridge Integration

About Across Bridge’s integration with sushi to bring the best multi-chain experience to DEX users

Integration add across website in Sushi

SushiSwapMysterymen

• Allows easy bridging of assets

Community feedback:

• Need more metrics
• May not be relevant as Sushi is currently integrating with Stargate