Q3 was one of our busiest yet! This document will outline some of the highlights, some of the things you might have missed, and the proximal roadmap for Q4. It’s no secret that Q4 is a big quarter for Sushi, so many of these updates are contiguous with soon-to-be-released products, like Trident, Shoyu, and MISO v2. That said, you will also find a number of important retrospective items from last quarter, like the creation of the Sushi Samurais and the honorable discharge of the Phantom Troupe. As always, there are a number of things that we couldn’t include in this article in the interest of time, like our development of fiat onramps for Shoyu and Trident, and our aggressive implantation of new marketing channels across all comms. What more can we do? How can we improve? Please reach out via our community Discord — we’d love to hear from you.
The Phantom Troupe was not a resounding success as a proposal, but it was perhaps the most effective community building exercise that Sushi could have asked for. After a proposal was created to raise a round of capital from interested VCs, the community determined that doing so would give unfair advantages to singular parties. At the same time, Sushi was approached by numerous different projects who thought of novel ways to make external investments more transparent and fair. Joseph Delong also collaborated with Andre Cronje to create an options liquidity mining concept as a result of the proposal. While the proposal did not pass in the end, it created an opportunity to innovate real world financial primitives that Sushi did not miss.
The Samurais were given the mandate to create structured content and support for the Sushi DAO. If Sushi is to compete as a decentralized organization in a centralized world, our ability to create superior customer service will no doubt be an issue. As well, the volume of content available on the internet will be directly proportional to the number of new users that Sushi will bring in. The Samurais will help with Discord-based support, and they will also produce content cyclically which will help drive traffic to Sushi. Currently in the works from the Samurais is a Sushi Academy similar to other educational crypto products like Binance Academy and Coinbase Learn, customer service products with ticketing and live chats that lead from the Sushi UI to the Sushi Discord. You can follow the Samurai’s updates through their published newsletters, here.
The DAO voted to earmark two of the five basis points for the Operations Multisig from Sushi’s multichain expansion. The rationale for this operational fund stems from the need to acquire additional human, infrastructure resources, and align technical objectives. Currently bridging and converting the accumulated LP positions reserved for SushiBar are strategic actions. This operational fund allows for, not only the expansion of relevant operational tools to scale these actions, but also ensures bridging is happening often and strategically amongst other ongoing initiatives.
Community-Enabled Analytics (CEA) is a free analytics solution combined with an extensive bounty program, designed to reward community members for learning about, analyzing, and publishing blockchain data. As we have seen with 3rd party analytics platforms, there is quite a bit of traffic that necessarily flows from the dynamic economic information created by crypto. This information can be consolidated and clarified into a much cleaner interface than we currently have, and it goes without saying that it will be necessary to do so in order to onboard less experienced users. Sushi’s initiative to create this platform will be an important step necessary to grow the platform into a more legible format.
LevX touched base with the community in regards to the Shōyu NFT platform to let us know that the contracts were finished, and give us an idea how the infrastructure could be laid out in the future. Shōyu has evolved rapidly in a very short time and it has become one of the most highly anticipated products from Sushi. The Shōyu marketplace promises to be the only one of its kind — an NFT marketplace that prioritizes supporting the artist community, and open sources the underlying framework. A great deal of thought and effort has gone into the platform and if you continue reading, you will get a glimpse of what is to come.