Thank you for the feedback. The team is humbled by your words. We are constantly building and have more plans to ship additional products in the future.
Here are some answers to your questions:
Yes, we do plan to launch additional pools and split the incentives among them as well. As our main focus is currently SushiXSwap, we decided to start off with the 3 most popular pools (OP/ETH, ETH/USDC, ETH/USDT) to draw initial liquidity over to OP. We do have plans to offer incentivized WBTC, Sushi & Synth pools as more liquidity flows into OP. We also didn’t want to go crazy right off the bat with the incentives but gradually ramp them up over time instead.
Kashi Markets & Limit Orders will be launched on OP for sure. We’re currently in the midst of integrating them with our new Sushi 2.0 UI. This might take a while, but we’re hoping to get them up and running asap.
The team from Shoyu plans to launch only on mainnet for now. But yes, there will be a place for an Optimism launch in the future.
Thank you for highlighting Furo, we do have big plans for it. Furo currently has a TVL of almost 100M. We’re planning to use “Sushi Academy”, an education hub that features content on all things Sushi to educate users on our products and push for wider adoption. We also want to get our new head chef to actively engage with other native OP protocols and ensure they know that Sushi has a streaming/vesting product that can be implemented with their existing DAO tooling system e.g Making appearances on OP radio or various AMAs held by the OP team.
Part 2 of the proposal should only be reviewed in April 2023. I will not include it in cycle 7 for a voting round.
Feel free to DM me if more clarifications are needed.
Yes Sushi is one of Stargate’s main integrated partners. As of now SushiXSwap is integrated only with Stargate. We are currently in discussions with various bridges to get them integrated as well.
To elaborate more on the statement, Sushi’s long term plan is to help increase liquidity and trading volume on OP up to a sustainable level where neither extra $SUSHI nor $OP rewards are needed to incentive liquidity providers to remain on OP. e.g. Earning the swap fees alone will be enough to keep liquidity providers for various popular pool pairings happy
You can find a chart below which shows the Swap, LP, Lending & Borrowing activity on Sushi Polygon. Unfortunately I could only retrieve data from October 2021, but we started our dual reward incentive programme in May 2021 hence the uptick in activity. Fast forward to a year later (in a bear market), you can see that the current on-chain activity still sits in a healthy 5K - 20K range.
Not too sure what you mean by new stake. Would be great if you could elaborate more.
As for Sushi’s strength, I would say that we’ve evolved over time and have churned out a diverse range of products that definitely would be able to help bring more TVL to OP.
Ah got it. The permissionless staking my developers were talking about is for the Onsen liquidity mining programe. We plan to make contracts permissionless in the future so protocols can manage the rewards that they want to give out to liquidity providers themselves instead.
Rationale: The proposal team incorporated previous feedback and updated the proposal into a smaller amount requested and shorter distribution timeline. We are happy to support the updated proposal. Previous recommendation can be found here.
Note: Flipside Crypto abstained from this committee decision since they have a position in Sushi and are involved in Sushi governance.
Contrary to the recommendations of the DeFi A committee, our community expressed its rejection of the proposal, we would have liked a lower amount given the status of Sushi as a DEX or some of the new features finally released to later be incentivized. Since the proposal passed a few hours ago, we wish it luck in gaining traction that can be sustained long-term beyond today’s incentives.
@Trudahamzik can you provide a Telegram handle or other contact method so the Optimism team can get in touch about paying out this grant! Feel free to DM or email palash@optimism.io
the team is excited as well