A Deeper Insight: Is There More Internal Friction Than What's Happening In Sushiswap?

Recently, bad news was reported regarding a dispute with several former Sushi Swap members, and the company has been accused of various issues such as joint ventures inside, forced withdrawal of 0xMaki, removal of cutouts, and an operation. weak.

In this regard, well-known cryptocurrency survey blogger Rekt returns 0xMaki churn rate, BIT bonus distribution process, and post-Omakase funding requests through internal forums and channel access. discussion from Discord developers. This is the best article for understanding the entire Sushi-Wap process inside a conflict.

Whistleblowers, whistleblower layoffs and developer layoffs all took the night to a popular decentralized "community-led" Sushiswap exchange.

After Nomi left (note: founder of Sushiswap), 0xMaki would have done a really good job helping to resolve this issue. However, after his resignation on September 18, rumors began to spread.

The recently terminated SushiSwap members of the group argued that "Sushi will not succeed" due to internal conflicts.

Someone in the group (indicated by another person) so contact us for more information. The evidence they provide supports us, as we have seen elsewhere.

Sushiswap's internal unrest has slowly escalated over the past few days, but has not said much.

We are here to change this situation.

This research has collected evidence of inbound and outbound strings to help you understand the real world of one of the largest DeFi systems.

We've done our best to identify everything in this sentence, but the final decision is still up to you.

0xMaki refuses to leave Sushiswap. He was fired following a careful investigation by Joseph Delong (see Sushiswap CTO).

In a Sept. 9, 11 poll of 17 members of the sushi developer chat room, they voted to "quit Maki as a sushi consultant and quit the main group."

91% of respondents agreed. Nine days later, 0xMaki announced that it would "post" its position on Sushiswap.

Why is this happening?

According to many sources, the inner circle of power was created in Sushiswap, which included Joseph Delong, Omakase, Keno and Rachel.

We now know that 0xMaki has been placed in a special case by JOkr. He must leave Sushi or the 6 other producers must leave. This means that Trident (note: Sushiswap's next-generation AMM mechanism) is not deployed. work is a waste.

As 0xMaki was the only one in Sushiswap to sign a three-year contract (one year for another member), JOKR could not kill him, so he "abandoned him as a consultant" without consulting the community.

After 0xMaki's death, JOKr's behavior is causing a stir.

The $ 9,000 working dinner for "Sushi Partners" at the NFT New York (NFTNYC) conference was not announced at DAO and Joseph, Rachel and Keno donated tickets for the VC mix to $ 5,000, but no income. .

Steak and lobster for 21 servings - Well done to the SUSHI bars.

But wait another minute ...

In BitDAO MISO's after-sales service, BitDAO claimed to supply 2.6% (Score: 3 million) of its BIT products directly to its core Sushi members.

0xMaki believes that this bonus should be granted to holders of xSushi and eventually reach 50/50 xSushi / main member.

However, no airdrops appeared on the xSushi bars and the tokens are still in many Sushi wallets with the "why" sign ...

This unequal distribution of funds is another division due to the separation of student groups.

Joseph, Omakase, Keno, Rachel, and 0xMaki earn more money than the other members of the main group.

When asked by other members of the group, Omakase said the distribution was 0xMaki's idea, but in fact Rachel used 0xMaki as a scapegoat, and 0xMaki claimed that all dividends were distributed directly.

At the time of writing, the average cost is around $ 200,000. The special deposit is around 700,000 US dollars.

Frustration among the rest of the group escalated as 0xMaki scooped more money from BitDAO.

After the BitDAO token was sold, the US Securities and Exchange Commission has focused on Sushiswap and its US partners and is now very careful not to give reasons for further investigation.

This presentation by Rachel discusses the disparity in bonuses.

A number of leak cases prove the sushi group's dissatisfaction since Delong became CTO.

It is not easy to find someone to testify against the current regime, but we have also done our own research.

rekt.news was given access to the Sushi Core chat (which was accessible to the public at the time), where they could view the results of internal research conducted by members of the Sushi group.

Photographs taken on December 12, 2021

We should vote to see the results, but please don't let our thoughts distract you from the content ...

Rachel managed to dodge the vote, played with the rewards and seemed to upset many of her colleagues.

Is it transparent or are we going too far?

What does Omakase do? !

These key members use community funds to negotiate the same day on their own funds.

He put hundreds of thousands of tokens in his wallet through the sale of BitDAO MISO and told others that it was "community money to buy NFTs".

The use and management of non-consensual collective funds is questionable, especially when key members understand how to manage their own finances.

After Cream's latest feat, this key member told the rest of the group that he lost 111,591 SUSHI (worth around $ 1.2 million at the time).

He then attempted to close the deal quickly to recover the money lost on the Sushiswap multi-signature wallet. This change was refused.

He had heard that Rachel was defending her show and planning to get this important limb back, but in the end she did not receive a refund.

Key members claimed it was "his fault" despite his claim, so why should anyone else pay for it?

Rachel and the key members are incompetent, and AG is fired just talking, how can they do their job?

AG posted the following tweets after being fired at an all staff meeting (absent at 12:30 p.m. local time) after being fired for "behavior that negatively impacts the workplace."

(Transparent Red is the COO of Strips Finance, formerly the MISO project.)

"Omakase started the election, Joseph was the first in the election, and Rachel began to press charges against him. Soon his visit to Google was canceled."

We ask Joseph to say:

rekt.news :

Hello

We have received reports that there are numerous allegations of abuse of power by Sushiswap. Hope you understand everything here now. There are two (or more) pages for each story and we want to hear from you on the situation before we announce the details.

Joseph Delon:

These allegations and explanations are the reason a disgruntled employee is fired for harassment and cyberbullying. No matter what is posted on your site, we do not believe that misrepresentation of culture and public opinion can promote, improve, or entertain. Internally, we have the right to refuse to waive any other violation of our Code. Attempts to disseminate this description show that killing is a necessary act. I just wish you good luck in your work at AG / sushijokr.

It should be noted that Joseph did not respond to any of these allegations, but omitted these accusations and explained the reasons for AG's impeachment. He did not respond to further requests.

Four days after receiving his message, Sushiswap announced the announcement of GA's withdrawal.

Not only do these two statements clearly address the issue of electrical power as described by the expert, but the autopsy revealed an update to Sushi Contributor Dirty's misfortune.

Joseph Delong is now discussing all the stories publicly on Twitter, revealing the stress he is under.

In its context, he describes a “reality” where sushi needs to be closer to design, creating a natural hierarchy in the process. Although some of his old friends protested, he said that "a lot of people are not allowed to speak" to support him.

Delong also complained about his payments and released the following final statement before responding further to the dispute:

The following is from well known but anonymous sources.

Joseph Delong's contract expires in a month. The DAO should take responsibility for its completion and find another CTO to work with.

It's been 6 months since Uniswap v3 was released, Balancer and Bancor v2 were released, and Trident is still not live. These are incomplete sushi.

Sushi has played a key role in promoting new tokens and operations such as OlympusDAO, Convex, and Illuvium, but all have been excluded by the CTO due to its lack of interference and skepticism. medium.

Watching TVL on our huge exchange, it's clear that Sushiswap has been on the decline for quite some time.

Sushiswap was a serious competitor to our DEXs in March, but confused with the growth of other DEXs.

Once everyone wants a piece of Sushiswap. Venture capitalists, years, influencers and the fallen fall in love with the DEX “community”.

Where is the error?

Is it arrogance and greed that allows sushi to be overlooked, or is it a mistake and a lack of control?

Even at the top of popular sushi, there are always people who want to see failure ...

Chief Nomi hais li case?

Is Joseph Delong going to come down?

Is 0xMaki trying to regain control?

There is still a lot of uncertainty ...

There is a lot of negative information about Sushiswap, but you should try to look at the story from both sides.

DeFi is a powerhouse. The mind that works in the public eye and manages millions of dollars in other people's money can make you money fast. More importantly, media frustration is hard to avoid, even for CTOs who spend most of their time on Twitter.

Sushiswap tries to be open and transparent, but selects the wrong file for posting. There is no point in presenting freebies to all of your attendees, and there is no excuse for a fraudulent distribution of funds.

This is just a story, and it really shows how road DAOs work closer to the business than we normally think. While not joined offline, human status means power comes together in those who seek it.

It is not always beneficial.

Even in the most "decentralized" autonomous organizational hierarchies, necessity and, above all, self-existence exists.

Conflicts often arise when partners work hard to rise to the top of the “right” hierarchies. It's normal.

The real power lies in the issues of memes, anonymous accounts, collaborations and contests.

Sushi really deserves it and it doesn't die. But now who can save him?