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Home Crypto News Exchanges SushiSwap CTO Resigns After Loosing Community And Team Support

SushiSwap CTO Resigns After Loosing Community And Team Support

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CTO of the decentralized exchange SushiSwap Joseph DeLonge resigned after losing support from the community.


Delong’s resignation comes amid growing tension within the SushiSwap team. Former team members claimed 0xMaki a key developer who took over the Sushiswap after founder Chef Nomi left was forced out. At the time of his departure, 0xMaki’s post indicated he himself was the driving force behind the decision, but team members claim this wasn’t the case.

leaked screenshot appeared to show Delong asking the SUSHI telegram group whether the project should ask Maki to leave. A non-core team member also claimed multiple other team members had exited following Maki’s alleged dismissal.  For his part, Delong referred to these as “absurd defamation,” though he admitted he did not see eye to eye with some former team members.

Delong also said he would leave if the community failed to defend the current team. He threatened to resign if the community did not deliver the core team “the autonomy to continue operations, the capability to form leadership, and increase compensation across the board.”

He also submitted a proposal for SushiSwap’s governance system to allocate 200,000 SUSHI ($1.2M) for each of the 19 developers of the project. But it received no support. More than two-thirds out of 97 voted against the proposal.

DeLonge wondered if the current chaos within SushiSwap could be neutralized. He recommended moving key positions outside the DAO with effective team management mechanisms.

DeLonge said he stood by his promise to transfer all accounts and information needed to the next SushiSwap executive.

 

He also said

“I wish Sushi the best and am saddened that Sushi is so imperiled within and without, The chaos that is occurring now is unlikely to result in a resolution that will leave the DAO as much more of a shadow than it once was without a radical structural transformation.”

 

He stated he intends to take a month to spend time with his family before launching a fresh project.

 

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Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

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