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In The Media

Illiquid Liquidity, a Short Story Long Sell

by Larry Chiang on September 5, 2020

James Raynor (@JamesRa74709682)
⁦‪@spencernoon‬⁩ ⁦‪@SushiSwap‬⁩ I really wonder how an anon dev with a copycat of YAM and an vague Idea of draining Uniswap gets listed on Binance 2 days after its birth.

I dont think it was volume alone tho, IMO you need serious connections to pull this of.

Aug 20
🍣 SushiSwap | sushiswap.eth (@SushiSwap)
1/ Introducing #SushiSwap🍣, an evolution of #Uniswap with $SUSHI tokenomics. SushiSwap protocol better aligns incentives for network participants by introducing revenue-sharing & network effects to the popular AMM model.

Chef Nomi #SushiSwap (@NomiChef)
I did the recent move because I care about the community. I’m taking IL for you. But all I received was blaming and FUDing.

Here’s what happened. The devshare part of me. I converted them to $ETH. I stop caring about price and I will focus on the technicality of the migration.

Martin(a) Krung (@martinkrung)
Liquidity on some liquidity dependent protocol has a market anomaly, because liquid liquidity has the same value as illiquid liquidity and this is a very powerful attack vector right now. In traditional finance illiquid liquidity is more valuable than liquid liquidity.


Founder, exits 
The sushi is swapped. 
Spencer Noon (@spencernoon)

Anonymous founder of ⁦‪@SushiSwap‬⁩ sells all of his $SUSHI 🍣 


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