SushiSwap, one of the newest decentralized funding projects or DeFi to outperform the blockchain space, has turned a big page in its short life.. As of September 9, the protocol officially completed a migration to its own decentralized exchange platform.
“Done,” said SushiSwap boss Sam Bankman-Fried in one Tweet at 3:10 p.m. IT’S TCompletion of a project migration thread.
A few hours before the transition is complete, Bankman-Fried stroke Plans to migrate on TwitterUpdates are then published throughout the day, including tests and migrations of certain individual tokens.
SushiSwap was founded a little over a week ago as a branch of the decentralized exchange Uniswap.. Within a few days of starting SushiSwap, it was already 77% of Uniswap’s insurance value.
To say the project received significant attention would be putting it mildly.. The platform, with its SUSHI asset, has also surpassed its share of drama, mostly around its leader, Boss Nomi, and a $ 27 million development fund that Nomi allegedly controlled. In an act that may seem inevitable in hindsight, Chef Nomi took a significant portion of these development funds before handing the project on to Bankman-Fried, the current one CEO of the FTX exchange.
“I feel like you were interested in SushiSwap and you wanted to get it right and you worked hard for it,” Bankman-Fried told Cointelegraph of the anonymous boss, Nomi. Greed may have overtaken Nomi for good, speculated the FTX CEO, however, stating that he did not consider SushiSwap to be a deliberate fraud..
From this post, SushiSwap is now the world’s largest decentralized liquidity exchange.