• Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
What's Hot

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023
Facebook Twitter Instagram
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
Home»Defi»Avalanche’s top developer wants to restructure SushiSwap
Defi

Avalanche’s top developer wants to restructure SushiSwap

Donald MunnBy Donald MunnJanuary 31, 2022Updated:September 29, 2022No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Avalanche’s top developer Daniele Sestagalli has offered to restructure SushiSwap. 

My proposal to Restructure $SUSHI . https://t.co/dmqcIIOD4W Long Live Sushiswap. #OccupyDeFi

— Daniele 🧊🧙‍♂️ (🎩, 🎩) (@danielesesta) December 13, 2021

“Sesta” volunteers to work on Sushi

He did so by publishing a long post on the Sushi forum in which he states that the time has come to give Sushi additional resources and autonomy at a time when it is in great need. 

The post states that Frog Nation has proposed to Daniele Sesta to join the Sushi project through a new service collective to help continue doing what Sushi has already done. 

That is, the goal is to bring the DEX back to relevance. 

Rise and fall of SushiSwap

In September last year SushiSwap was even able to overtake Uniswap, briefly becoming the world’s largest DEX by trading volume. However, it has now also been overtaken by PancakeSwap and Trader Joe. 

To revive the project, a new service collective with its own discretionary capabilities was created to serve the DAO. 

SUSHI priceSUSHI price remains 76% below its all-time high

The SUSHI token

Upon publication of the news, the price of the SUSHI token rose from $5.34 to $6.12, but then dropped back below $5.7. 

At the moment, its price is 10% lower than a week ago and 49% lower than a month ago, although it is still up 138% on last year. However, it remains 76% below its all-time high of March 13. 

Avalanche developer in SushiSwap: reactions

SushiSwap is going through a difficult time due to internal crises, but the entry of “Sesta” could give new impetus to the project. 

Sestagalli is in fact behind some of the best projects on Avalanche, such as Wonderland and Abracadabra, but it remains to be seen how his proposal will be received by the Sushi community. 

In fact, there is no unanimity at all towards this proposal, with several supporters and detractors. 

The fact is that over the months, several developers who worked on SushiSwap have abandoned the project, so a relaunch is really needed to prevent it from falling behind the competition. 

Sestagalli said: 

“Together we can move DeFi in the right direction where Sushi builds an accessible decentralized exchange, used on all chains by everyone”.

 

The post Avalanche’s top developer wants to restructure SushiSwap appeared first on cryptodailynews24.com.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Donald Munn
Donald Munn
  • Website

Related Posts

FBI warns cryptocurrency investors about DeFi vulnerabilities

September 1, 2022

​​MakerDAO signs $100 million DAI loan with Huntingdon Valley Bank

August 29, 2022

DeFi: industry figures drop again

July 13, 2022

3 best Celsius alternatives in 2022

July 9, 2022
Add A Comment

Comments are closed.

Advertisement
Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

The latest news about Bitcoin, ICO, blockchain and fintech.

Top Insights

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
© 2023 cryptodailynews24.com Submit news release

Type above and press Enter to search. Press Esc to cancel.