{"id":28836,"date":"2020-09-17T20:56:22","date_gmt":"2020-09-17T17:56:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28836"},"modified":"2025-08-27T13:39:10","modified_gmt":"2025-08-27T10:39:10","slug":"sushiswap-administrator-thanks-uniswap-for-topping-up-developers-fund","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sushiswap-administrator-thanks-uniswap-for-topping-up-developers-fund\/","title":{"rendered":"SushiSwap administrator thanks Uniswap for topping up developers&#8217; fund"},"content":{"rendered":"<p>The SushiSwap project administrator became the holder of 138,000 UNI governance tokens from Uniswap, the leading decentralized exchange (DEX), in an airdrop. According to him, their current estimated value (~$522,600) is equivalent to financing the work of the development team for several months.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">2: Thank you Uniswap for the generous 130k UNI tokens. At current worth, they could fund our future dev team for several months! \/Sincerely, All Sushi Lovers At SushiSwap! <a href=\"https:\/\/t.co\/n6vRxMg6rM\">pic.twitter.com\/n6vRxMg6rM<\/a><\/p>\n<p>\u2014 SushiChef (@SushiSwap) <a href=\"https:\/\/twitter.com\/SushiSwap\/status\/1306493893492449281?ref_src=twsrc%5Etfw\">September 17, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The administrator expressed &#8216;sincere gratitude&#8217; on behalf of the entire SushiSwap community.<\/p>\n<p>Such comments sparked accusations of unfairness in receiving UNI tokens by the SushiSwap team. They amounted to a lack of compensation for forking Uniswap&#8217;s code in light of its success.<\/p>\n<p>In response, Monero cofounder and Tari project cofounder Riccardo Spagni lamented that, due to the permissive licence on Uniswap&#8217;s code, they could not have acted otherwise. Even this explanation did not satisfy critics.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Uniswap could have had a less permissive license on their code, nothing stopped them from doing so.<\/p>\n<p>\u2014 Riccardo Spagni (@fluffypony) <a href=\"https:\/\/twitter.com\/fluffypony\/status\/1306541513770496003?ref_src=twsrc%5Etfw\">September 17, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>To calm detractors, many of whom were among the commentators, the administrator announced that the developers&#8217; fund had been moved to a multi-signature address.<\/p>\n<p>Some users hoped that receiving 138,000 UNI tokens for the developers&#8217; fund would halt the ongoing decline in SUSHI&#8217;s price.<\/p>\n<p>According to CoinGecko, at the time of writing it had halved over the past week, and in 14 days the token had shed more than 80% of its value.<\/p>\n<p>For a fuller account of the twists in SushiSwap&#8217;s history, indispensable to the DeFi boom, read in <a href=\"https:\/\/u1f987.com\/en\/news\/the-runaway-chef-defi-fever-and-the-whale-gambit-how-sushiswap-drew-1bn-in-two-weeks\">the article<\/a> ForkLog.<\/p>\n<p>In August, <a href=\"https:\/\/u1f987.com\/en\/news\/ricardo-spani-most-defi-projects-lack-genuine-decentralisation\">called<\/a> existing DeFi projects &#8216;theatre of decentralisation&#8217;.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SushiSwap project administrator became the holder of 138,000 UNI governance tokens from Uniswap, the leading decentralized exchange (DEX), in an airdrop. According to him, their current estimated value (~$522,600) is equivalent to funding the development team&#8217;s work for several months.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1379,1391],"class_list":["post-28836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-sushiswap","tag-uniswap-uni"],"aioseo_notices":[],"amp_enabled":true,"views":"44","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=28836"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28836\/revisions"}],"predecessor-version":[{"id":28837,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28836\/revisions\/28837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}