Weekly Round-up (July 2nd Week)
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

Weekly Round-up (July 2nd Week)

This is a weekly update covering interesting news happening in the Sushi community. If you’ve missed the latest forum call, or haven’t had a chance to browse the forum then read on!
Weekly Round-up (July 2nd Week)


ETH Community Conference 5 is happening July 19th to 21st in Paris, France. Some of the Sushi team will be participating at the conference including Tangle, and Sarang. There was also mention of a boat and breakfast.

Tangle will be presenting a talk on Sushi’s approach to community tooling. This will cover the many innovative ways Sushi has found to engage with and include its community in the protocol. Tangle’s presentation will be on July 19th. Keep an eye on his twitter for more info about an exact time, and if it will be live streamed!

Sarang will also be at ETH CC doing a workshop about building on Bentobox on July 21st. No word yet as to if this will be live streamed and available. Let’s wish Sarang luck shilling Bentobox to all the builders at ETH CC! Keep an eye on Sarang’s Twitter as he may post more info.

Sushi will also be co-hosting a boat party with several other DAOs. Hopefully, this will involve co-mingling with other like-minded people in crypto and will result in some useful shilling of Sushi! One can presume it will also involve seasickness and other boat-related things. As well, Sushi will be hosting a breakfast to raise awareness for the little DEX that could.

SushiGuard Proposal Snapshot is Live!

If you still haven’t participated in the act of voting, head on over and cast your vote! The Snapshot ends on July 18th. More details about SushiGuard proposal can be found on the Sushi forum, if you are still unfamiliar with it.

SushiGuard Proposal Snapshot

Temperature Check on the Current Quorum and Threshold for Snapshots:

Tangle’s proposal to address the quorum and threshold for snapshots was discussed in the forum call – this proposal is up for discussion on the Sushi forum as well. The temperature check asks whether the community is happy with the 5 million SUSHIPOWAH quorum as it currently stands, or if we are interested in changing it to 5 million SUSHIPOWAH in favour as the minimum for a pass. The threshold is also discussed here and whether it should be changed to greater than 66% or 75% in favour.

The forum call also had some lively discussion about voter apathy and ways to combat it, so head over to Sushi’s YouTube channel and have a listen if you missed it!

Sushi Forum #87
Sushi Forum #87 - Notes coming soon!

List SUSHI and xSUSHI as Collateral Assets on Fringe Finance

Fringe Finance has suggested Sushi and xSushi be offered as collateral assets on their protocol. It is unclear how this differs from lending these assets on Kashi which also allows collateralization of these assets. So far little discussion has occurred on this proposal. If you have questions/comments/concerns head over to the forum and share in the discussion.

Ribbon Finance x SushiSwap: Increase Treasury Stablecoin Reserve

Ribbon Finance has proposed Sushi should use a small percentage of the Sushi in the treasury in their protocol in the form of covered calls. They make the case that this could be a method for selling some of the Sushi in the treasury for stablecoins. This strategy would allow Sushi to move some of its Sushi assets into stablecoin assets. This strategy is more beneficial for Sushi if the market price of Sushi remains relatively stable. As we have seen this week, Sushi is preforming well, and so discussion as to whether covered calls are a sound way to generate stablecoins will likely ensue in this forum thread. Share your thoughts in the forum!

New Toshokan Articles:

Also, this week, there are three new articles are up on Toshokan for you to read at your leisure. Check them out below or find them on Toshokan on your own since you’re already browsing!