🍣 Sushi Forum #87 Notes ✍️
Introducing Toshokan, a community-first blog for Sushi

Introducing Toshokan, a community-first blog for Sushi

Today we're excited to introduce Toshokan (図書館 Japanese word for library), our new blog that will help keep our community informed about the latest happenings at Sushi.

3 min read

🍣 Sushi Forum #87 Notes ✍️

Your weekly forum quick fix!
🍣 Sushi Forum #87 Notes ✍️

ETHCC

EthCC 5 — July 19-21, 2022
Ethereum Community Conferences & Workshops: 19-20-21 July in Paris
  • Tangle giving a presentation about Community Tooling on the 19th of July, 5.50pm @ the Pontoise room
  • Sarang hosting a workshop about Bentobox on the 21st of July, 11.20am @ the Bievre room. Sushi swag will be given out
  • Sushi co-hosting 2 events:
  1. Panel discussion on a boat with 0x, DeFi Saver and Beamer Bridge
  2. Breakfast networking with Stargate and New Order DAO

Ongoing snapshot

Sushi Guard Router Implementation (Ends on the 18th of July)

Snapshot

TL;DR

  • MEV protection for Sushi users
  • Profits from back running swaps will be split with Sushi
  • Manifold is requesting 80K USDC to cover previous audit costs and 250K (50:50 in Sushi & USDC) for on-going development and maintenance
  • Sushi tokens given to Manifold will not be sold and instead staked in the bar for a minimum of 3 months. If price of the Sushi token rises, Manifold will split the profits 50:50 with Sushi upon selling them

Proposals discussion

Snapshot Quorum & Threshold

Snapshot Quorum & Threshold
Hey Fig, nice analysis, but I am afraid the numbers are a bit off. The number of axSUSHI should not be added, as that number is already included in the total amount of xSUSHI. ” uint256 collective_xsushi_balance = axsushi_balance + bento_collective_balance + crxsushi_balance + meow_balance + bar.ba…
  • Forum votes show community currently in favor of having 5M total votes towards proposal and 66% threshold
  • Tangle suggests incentivizing people who vote e.g. Giving regular voters a multiplier on their voting power
  • Main takeaway - find ways to increase governance participation

List $SUSHI and $xSUSHI as collateral assets on Fringe Finance

List SUSHI and xSUSHI as collateral assets on Fringe Finance
I don’t see how this could be bad, it seems like there are only benefits
  • Does not benefit Sushi in any way as it takes away liquidity
  • Might be good to discuss how Bentobox and Kashi can come into play instead

Ribbon Finance x Sushi: Increase Treasury Stablecoin Reserves

Ribbon Finance x SushiSwap: Increase Treasury Stablecoin Reserves
TL;DR Deploy a small percentage of the treasury’s 14,471,208 SUSHI (~$17M) into a cash-settled SUSHI covered call position to bolster treasury stablecoin reserves. Summary Written by chudnov on behalf of Ribbon Finance The treasury is ~85% SUSHI (including operation funds), has no revenue stream…
  • Author is suggesting for Sushi to deposit $SUSHI from the treasury into Ribbon and sell cash-settled $SUSHI covered calls
  • Team feels it’s risky and does not want to gamble with treasury’s funds
  • More discussions needed

Community

  • Gorby from Alchemix reached out regarding Furo. Samurais will follow up and set up a demo call
  • Suggestion to get Flipside to assist with data collection on governance participation. Locate active voters so Sushi can reward them in the future