In this episode of UpOnly, Cobie & Ledger are back and talk to Joseph Delong about building Sushi, working in a DAO, the state of the ecosystem, L2 and alt-L1 expansion, open source, and more.
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Show Notes
Joe’s Day
⁃ Was up late last night triaging bugs
⁃ Missed his Denver trip to say what’s up to the homies soon
⁃ Lots of crypto spots in Denver
Joe’s Background
⁃ Studied comp sci and math
⁃ Worked on ETH 2, Beacon chain
⁃ Then joined Sushi
Sushi
⁃ All comms through TG and Discord
⁃ 24 team members
⁃ Cobie: “So how do you guys find team members?”
⁃ Joe: “That’s almost all I do is like shitpost on Twitter and find people to hire there”
⁃ How to hire solidity devs when they could join a different project at the ground floor?
⁃ Sushi offers high incentives – also kinda hard to build a lasting project, people wanna join Sushi
Met Gala
⁃ Cobie is sending Gainzy and Loomdart to the Met Gala next year
Military
⁃ Joe worked on a plane in the military
⁃ Realized every else also doesn’t know what’s going on at any given time
⁃ Joe: “I was working on a jet and asked the supervisor do we need to change parts here? and he shrugged like… idk man” lol
Working at a DAO
⁃ It’s harder to work at than a normal company
⁃ The crypto anarchism leaks into the workplace which can be tough for internal work dynamics
Sushi Chain Agnostic
⁃ Ethereum community calls like everything else a scam, Avalanche scam, BSC scam, everything scam
⁃ Sushi doesn’t think like that, they’re pretty chain agnostic
⁃ Want to go where they can add the most value
Open Source
⁃ Joe: “We don’t have any shame about pulling in particular software, I mean that’s what open source is all about”
⁃ Sushi has good meme power, accepted as a blue chip and has the community to back you up
⁃ Joe: “We’re going to give back everything that was given to us. Everything we write is going to be GPL 3”
⁃ Ledger shows very cool huge brain about rules
CT Beef
⁃ Ledger: “Is the moral of the story that Uni hates Sushi?”
⁃ Joe: “I mean I fcking hate ‘em”
⁃ Joe: “They try to say we only forked, we have our own code base”
⁃ Cobie: “This isn’t like fake beef this is like blood lust lol”
NFTs Memed Into Reality
⁃ Selling 2007 Kia Sedonas
⁃ Joe laughed his ass off when he saw this — so many people flexing maseratis or lambos
⁃ The 2007 Kia Sedona is so specific its so funny
⁃ Cobie: “Are you guys gonna sweep the floor of real life Kia Sedonas”
⁃ Joe: “We definitely have at least 1”
⁃ Joe: “They’re on Sushi – you can redeem the token 1:1 for the NFTs”
Sushi NFT Marketplace
⁃ Cobie: “Has Sushi been working on an OpenSea competitor in the wake of Nate“
⁃ Joe: “Yes working on _____” missed the name but yes they are working on this in some form
Sushi on L2s?
⁃ Joe: “Yeah definitely, specifically Arbitrum. As we roll out Trident that’ll add a lot of capital efficiency as well”
⁃ Sushi: Ethereum, arbitrum, fantom, polygon, harmony, avalanche, selom (?)… sir talked to fast i missed the other 10 chains they are on
Charles Hoskinson
⁃ Joe: “His profile picture for a long time was him in traditional Mongolian cloth like holding a falcon”
⁃ Maybe should spend more time on chain less time on YouTube
⁃ But maybe not! Cardano is sitting at marketcap #3 lol
NFTs on L2
⁃ We can’t move them off because then we’d burn less ETH!
⁃ Ethereum burning like $1bn of market cap per month rn
⁃ Joe: “We will basically all be transacting completely on L2s — transacting on L1s will be a huge flex”
Chef Nomi
⁃ Joe was not there during the Sushi pull
⁃ Larry from The Block is on the multi-sig
⁃ SBF was early on Sushi its basically a Sam coin
Most Likely Satoshi Nakamoto
⁃ Hal Finney
⁃ He was in cryptography, cypher punk groups
2 Ethereum Smart Contract Devs Fight
⁃ Nick Johnson vs. Mudit Gupta
⁃ Cobie: “Good question ledger” hahaha
Elite Projects
⁃ Arbitrum
⁃ Not many others off the top of the head
What’s Missing From DeFi?
⁃ A really liquid options market
⁃ A better UX
⁃ Will likely be like Web2
⁃ Hopefully a mobile only experience
Final Alpha (courtesy of Luke)
“Regardless of whether it’s a DAO or a company, there’s almost nothing new under the sun in terms of human relationships. It’s a nice expectation to have, even if you’re in a DAO it doesn’t mean it changes the dynamic of how people”
Notes by Kevin
Music by GiovanniPickle