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@SushiSwap the DEX that rose from the ashes
And why $sushi is my largest position.
For the lazy, a TLDR: Price to Sales, Leadership, the Andre factor, and ambitious Roadmap.
And why $sushi is my largest position.
For the lazy, a TLDR: Price to Sales, Leadership, the Andre factor, and ambitious Roadmap.
2) PRICE TO SALES
Traditionally Tradefi looks at PE (Price to Earnings) as a metric to evaluate if a stock is over-valued
How much is the company earning vs market reaction.
Two buckets: Bluechips (low numbers) Growth stocks (high number) assumes growing pains from expenses.
Traditionally Tradefi looks at PE (Price to Earnings) as a metric to evaluate if a stock is over-valued
How much is the company earning vs market reaction.
Two buckets: Bluechips (low numbers) Growth stocks (high number) assumes growing pains from expenses.
4) DeFi has Price to Sales b/c no one discusses operating expenses transparently
Sales for DeFi can be measured on-chain. PS might be a better measure bc companies earnings are effected by ill-timed equipment replacement, acquisitions, R&D, etc https://www.tokenterminal.com/
Sales for DeFi can be measured on-chain. PS might be a better measure bc companies earnings are effected by ill-timed equipment replacement, acquisitions, R&D, etc https://www.tokenterminal.com/
5) $sushi sits on top at 5.9x while $lrc on the bottom at 1100x. So the money it brings in sure is pretty damn high compared the cost of buying $sushi. Important for many reasons, but pretty F'ing cool for $sushi b/c sushi swap shares its revenue.
6) 0.05% of exchange fees goes to the $sushi holder via $xsushi. The more sales the more you get. Currently between 10-45% depending on popularity of the daily. (Soon $aave adding $xsushi collateral. Earn apy on xsushi + borrow more tokens and earn more apy.)
LEADERSHIP
Sushiswap has had a troubled past when the anon-founder Chef Nomi sold off the 14 million dollar treasury all at once and left the project (he later gave back the full amount. No worries. He's a "Good Guy!").
Sushiswap has had a troubled past when the anon-founder Chef Nomi sold off the 14 million dollar treasury all at once and left the project (he later gave back the full amount. No worries. He's a "Good Guy!").
8) People often say the crypto company that survived the 2018 bear market, heads down, worked and then flourished in 2020, are keepers & you know will stand the test of time.
2018 bear market has nothing on the summer food farming craze of 2020.
2018 bear market has nothing on the summer food farming craze of 2020.
It was a massacre of rug pulls, ponzi scams, and anon-exits. Through all the drama @0xMaki has kept his head down and worked through the toughest times and now has brought back $sushi stronger.
Honourable, hardworking, intelligent, and gifted.
https://twitter.com/0xMaki/status/1353544417404051456
Honourable, hardworking, intelligent, and gifted.
https://twitter.com/0xMaki/status/1353544417404051456
10) THE ANDRE FACTOR
There's no denying that @AndreCronjeTech is among the most gifted programmers in the space. Look to @iearnfinance's and @kp3r_network's innovation as proof.
Andre has decided to take on the AMM DEX with Deriswap.
There's no denying that @AndreCronjeTech is among the most gifted programmers in the space. Look to @iearnfinance's and @kp3r_network's innovation as proof.
Andre has decided to take on the AMM DEX with Deriswap.
11) "Deriswap is a decentralized platform combining swaps, options, futures, and loans into a single product."
"It's one key advantage is shifting from segregated to consolidated liquidity, which would greatly increase liquidity."
"It's one key advantage is shifting from segregated to consolidated liquidity, which would greatly increase liquidity."
12) I won't go into detail but if you want to learn more @boxmining has written an excellent piece I quoted from above
https://boxmining.com/deriswap-andre-cronje/
All you need to know is that Andre's Deriswap is Sushiswap. Sushiswap is Deriswap
All that AMM goodness and innovation will be $sushi
https://boxmining.com/deriswap-andre-cronje/
All you need to know is that Andre's Deriswap is Sushiswap. Sushiswap is Deriswap
All that AMM goodness and innovation will be $sushi
13) Bonus shit: possibly future Andre surprises.
Andre no longer works specifically for $yfi and like the saint of computer programming works on projects then freely gives work to whichever platform he feels is the best fit.
Andre no longer works specifically for $yfi and like the saint of computer programming works on projects then freely gives work to whichever platform he feels is the best fit.
14) ROADMAP
So sooo much road to be mapped that this tweetstorm would be too long.
A large overview can be found here: https://sushiswapchef.medium.com/2021-3e1f45cf86a2
So sooo much road to be mapped that this tweetstorm would be too long.
A large overview can be found here: https://sushiswapchef.medium.com/2021-3e1f45cf86a2
15) Some highlights:
Bentobox - Consider it $aave or $comp with their limitations such as high gas costs and other problems solved. It's being led by @Boring_Crypto and if you want to learn more about, learn about it from the man himself. https://boringcrypto.medium.com/the-bentobox-lending-solution-1351606b9f5a
Bentobox - Consider it $aave or $comp with their limitations such as high gas costs and other problems solved. It's being led by @Boring_Crypto and if you want to learn more about, learn about it from the man himself. https://boringcrypto.medium.com/the-bentobox-lending-solution-1351606b9f5a
16) Mirin update: franchised pools, double yield, dynamic yield re-balancing, 1–click zaps and more. https://medium.com/levx-app/sushi-protocol-v3-proposal-mirin-d42061a5fa3a
17) What caught my eye was franchised pools
Look at the word franchise & bask in thoughts of sushiswap proliferating w CEXs like how McDonalds popped up through franchising around the world
Look at the word franchise & bask in thoughts of sushiswap proliferating w CEXs like how McDonalds popped up through franchising around the world
18) Sushiswap's overarching goal this year is to increase TVL (Total Value Locked) and franchise pool is the killer idea.
They are making it easy for centralized exchanges like Binance or Gemini to integrate with Sushiswap liquidity.
They are making it easy for centralized exchanges like Binance or Gemini to integrate with Sushiswap liquidity.
19) You could have $eth on Binance & ur liquidity would be part of the Sushiswap's TVL.
So sushi swap wins. Binance wins because it can now give its users the same high APY sushiswap is giving to its LPs. Users w/o technical know how get DeFi's benefits.
Win-win-win.
So sushi swap wins. Binance wins because it can now give its users the same high APY sushiswap is giving to its LPs. Users w/o technical know how get DeFi's benefits.
Win-win-win.
20) This was $cel's playbook when they partnered w Bitfinex to give users returns on their idle crypto on Bitfinex.
How'd that work out for Celsius? It got access to over a billion dollars of Assets Under Management & a big part of why Celsius soared 400% (yes, I rode that too)
How'd that work out for Celsius? It got access to over a billion dollars of Assets Under Management & a big part of why Celsius soared 400% (yes, I rode that too)
21) There is so much good at $sushi already with what they've accomplished, their sales, their amazing, hardworking team which includes Andre as a limited partner, and so much more to look forward to.
