Anonymous lead behind decentralized exchange SushiSwap resigns – Sushi – US dollars ($ SUSHI)

The anonymous product lead behind it SushiSwap (CRYPTO: SUSHI), seems to be giving up its role with the decentralized exchange (DEX).

What happened: SushiSwap co-founder “0xMaki” is stepping down from its position on the second largest decentralized exchange, according to a report by The Block.

His address has reportedly been removed from the multisig operation, as evidenced by this transaction on the blockchain.

At the time of writing, the reasons for Maki’s departure from SushiSwap were still unknown.

The sushi saga still remains my favorite moment in DeFi & probably Krypto.

To see @ 0xMaki take the reins in hand, listen to the community and do his or her deeds in the midst of all the noise was truly a sight to behold.

Knew immediately that sushi would make it.

Good luck Maki

– Hsaka (@HsakaTrades) September 17, 2021

A number of people in the crypto community including rival DEX Uniswap (CRYPTO: UNI) Founder Hayden Adams, went to Twitter to share her thoughts on Maki’s departure from SushiSwap.

. @ 0xMaki is a formidable community builder.

I thought sushi would be ready after Nomi Rugged, but he didn’t do it on his own.

He was always nice when I got engaged to him a couple of times. Good luck with whatever you do next, Maki! https://t.co/0MjHJLRi07

– hayden.eth 🦄 (@haydenzadams) September 17, 2021

What else: Meanwhile, SushiSwap’s native token SUSHI is down 15% in the past 24 hours, despite up 50% in the two days before a high of $ 16.10.

DeFi analyst Kris Kay pointed out that SushiSwap is currently the fifth highest earning protocol after ether (CRYPTO: ETH), Uniswap, Binance Smart Chain and Aave (CRYPTO: AAVE).

“The more blockchains sushi branches, the more fees are generated by the users,” said Kay, adding that SUSHI stakers receive 0.05% of all fee income.

Photo by Mahmoud Fawzy on Unsplash