🍣 Sushi Forum #87 Notes ✍️

ETHCC

- 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:
- Panel discussion on a boat with 0x, DeFi Saver and Beamer Bridge
- Breakfast networking with Stargate and New Order DAO
Ongoing snapshot
Sushi Guard Router Implementation (Ends on the 18th of July)
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

- 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

- 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

- 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