In Brief:
- Co-founder 0xMaki steps down from SushiSwaps Leadership
- The DeFi community noticed his removal on 14th September.
- Sushiswap is one of the largest decentralized exchange.
0xMaki, the co-founder of Sushiswap, has stepped down from his position. He will leave the leadership role of Sushiswap and act as an advisor in the project. Today he tweeted that he will be there for Sushi but in a different role.
He gave multiple reasons to leave the position. He stated that “I’ll be moving away from day-to-day operations into an advisory role to help foster the next generation of teams building on top of Sushi, supporting from the sideline, and helping without affiliation the broader DeFi ecosystem regardless of where they are deployed.”
For personal reasons, he said that Sushi has taken priority over his physical and mental well-being, relationships, family, and friends.
He further added that he always wanted Sushi to grow without his assistance and after he leaves it still grows each day without any help.
Earlier DeFi community noticed some irregular patterns and then found that Maki was removed from SushiSwap’s multisig operations on September 14th 2021.
As the news of this spread around, the crypto community has been coming forward in support of him. They have branded him as a saviour of SushiSwap and a hero to the DeFi community.
Maki is one of the core developers of Sushiswap. Recently he tweeted saying that core developers earn less than 1% of the platform.
Sushiswap started as a Copy of the Uniswap Project. It performed the very first “Vampire Attack” and migrated billions of liquidity from Uniswap. Right now, it has grown more than its competitor Uniswap and has its own unique identity.
Maki assumed his role at SushiSwap after the project’s creator, Chef Nomi, left in September last year. Chef Nomi had performed a rug pull on investors. Although Nomi returned the money back, users’ trust vanished from Sushiswap.
Right now Sushiswap has over 20 core contributors. It has merged all of the UI into one and has developed two new protocols, Kashi and Miso, which have been deployed on over 10 EVM compatible chains. Trident was almost released as open source by a new NFT initiative a few days ago, and he is optimistic that the current team will be able to continue and build this project without him.
0xMaki even mentioned the achievements that the community have gained and hopes that it never forgets about them. The list is mentioned below:
- All the double incentives programs
- The new protocols
- To always remember that Sushi isn’t Maki & Maki isn’t Sushi
- What is MOVR liquidity mining program and the responsibility for how to operate the funds (0.25% of the supply! almost 10m$ at current price)
- Championing Avalanche Rush incentives – Polygon – xDai – Celo (over 75m$ in deals for our LPs)
- All the funds that are boarded into this community and believing in this vision of DeFi.
- The amazing projects launched first on Sushi and will most likely keep on being launched here!
- Scaling this team from few to 24
- Keep Sushi fun, open, degen & radically different.
Once Maki took over, he changed the image of Sushiswap and made it a project worth $2.8 billion.
Earlier today the Miso front end of Sushiswap was attacked and it lost 868.4 ETH which is approximately $3 million in the process. However, the hacker has recently returned all the ETH back.
