🍣 Sushi Forum #88 Notes ✍️
Your weekly forum quick fix!
Tangle is at ETHCC, and finds himself with nonfunctional internet so the day’s AMA is canceled. He provides a monologue on YouTube for a shortened Forum today.
SushiXSwap as of today is now live!
With the integration of Stargate, Sushi is now capable of sending swaps across multiple chains! Trades are done through the use Sushi liquidity while bridging uses Stargate’s stablecoin liquidity. Currently xSwap is supported on seven networks:
- Ethereum
- Arbitrum
- Optimism
- Polygon
- Avalanche
- Fantom
- Binance Smart Chain
You can access crosschain swaps from https://sushi.com/swap.
SushiXSwap - A Crosschain DEX to rule All the Pools | SushiSwap Blog
The first ever Crosschain AMM, built on Stargate
Sarang gives us a presentation, “Building on the BentoBox:”
- Sarang also demonstrates the first live cross-chain swap during his presentation.
Tangle's presentation on DAO community management and tooling:
SushiGuard Router Proposal:
- The SushiGuard Router has passed with over 6 million SushiPowah on quorum. This will allow the protocol EVM protection for swapping. Extracted profits from swaps will be split in half with Manifold Finance. Sushi’s half of extracted profits will be used as deemed by any proposals brought forward by protocol governance.
- Ribbon Finance will be discussed next week.
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…
chudnov