The Currency Analytics
By Ayobami Abiola
In what turned out to be a turn of events, Sushiswap took a very big stride in the right direction.
After the intervention by Sam Bankman-Fried (@SBF_Alameda), the Founder of FTX the matter seems to have taken a U-turn.
0xMaki was proposed and voted to be the new head/public figure of Sushi because of his contributions:
“0xMaki has been an essential part of Sushi since the beginning. Having him full time will be incredibly valuable for the project’s success long term.
His salary would be $10,000 for three years or until it is decided that his services are no longer needed by the community.
Surprisingly, Nomi Chef returned $14 Million worth of Ethereum that he took and apologized for the errors he committed:
“I have returned all the $14M worth of ETH back to the treasury. And I will let the community decide how much I deserve as the original creator of SushiSwap.
It was later decided by the community to use the returned funds to buy back some SUSHI. The buyback is scheduled to commence on Tuesday 15th September according to the official…
“... That means that the $14m SUSHI buyback will happen tomorrow! 1am-2am UTC, TWAP, on Sushiswap SUSHI/ETH pool.”
Another proposal has been made to determine the fate of Nomi Chef the founder of Sushiswap even though he made mistake by withdrawing the dev share:
“Yes, he took SUSHI tokens from the devshare, dumped it for ETH, and made ridiculous excuses of why it was for the good of the community, despite saying he would not dump because…
The proposal was to determine how much would the community want to pay Nomi as one-time payment/compensation for the founder.
As the events unravel, there might still be hope to restore SUSHI to its former glory.