hey what’s your nickname on discord?
I would love to see more efficiency in liquidity provision.
Idea: Utilize provided liquidity for multiple pools.
Specific use cases
- Utilize ETH/ERC-20 for multiple pools at the same time ETH-UNI & ETH-Shitcoin
- Kickstart new pools with low-liquidity
There are various possibilities to implement the first one, e.g. with a vault that can delegate liquidity, an omnipool with multiple assets, and the second that could also be implemented as “Lending Pool for new tokens” with group evaluation (& receive a fee in the new token that receives liquidity for a certain time)
I believe liquidity in Sushiswap can be utilized potentially up to or even more than 100% more, ie. you would need much less total liquidity to achieve a much better trading experience for small-cap tokens and for all kinds of traders.
Messaged you on discord.
A small correction on the moonbeam collaboration, ethereum sushi balances will be replicated and airdropped 1 to 1 on the moonbeam network when it is launched
Tomorrow will be 10 days since this has been posted we will lock-in suggestions now.
Feel free to keep posting ideas for the next year we might revisit this thread once a lot of the roadmap has been executed.
I’ll post a Medium article with a rough estimate of time by core devs as soon as possible.
Thank you all for your contributions this is what a community looks like
Will edit. I didn’t actually plan on doing this write up at the beginning of the meeting, so it was all written on recall the next day. Thinking back on it I missed a lot, including a really interesting discussion on sushis views on layer 2. For some reason It seems I can only edit once on this forum and I used the first one for a typo
Liquidity mining for BentoBox, kinda like Onsen
Why do you think rewards are necessary? Its supposed to make a market with a specific utilization rate. If we were to add rewards I think that they should be used to incentivize the market to our desired levels.
Love this, especially in combination with having sushi used as gas. Should that be named Soy? Or Wasabi?
A simple addition to Sushi that I believe is technically feasible with sufficient resource:
The lack of accessibility and updates to the status of ones holdings, liquidity pools and returns is a major detriment to increasing adoption by less seasoned users. Notifications represent the ability to compile, process and share information in a way that is digestible and tailored to the needs of users. This would be useful across Sushiswap products and services. It would also be a testament to the ability to innovate.
I think this implementation could be served by innovating on the Ethereum Push Notification Service Protocol. I would be more than happy to play a part in supporting this effort given my background in system and mechanism design.
Thanks for creating and maintaining a great platform in this Defi Revolution! Sushiswap is by far my favorite LP interface. I love the new app interface, especially the “Portfolio” screen. It’s so sleek and contains everything about one’s positions. Below, I have an ASK, and a RECOMMENDATION, I welcome others to expand on how to make them possible or add on:
- Under Portfolio, after Staking LP Tokens, “Fees Collected” stops updating. I’d like to know how much $$$ in fees I’m making as part of my LP return (currently I have to use a spreadsheet and calculate my % of Liquidity and factor in daily volume, for a very crude estimate). There is currently no other place that I know of that separates Fees Collected from the P/L calculation (i.e. Zapper, APY Vision, etc.) Would it be possible to continue tracking this info even post-staking?
- Some sort of Liquidity Pool Tournament system that rewards the community based on participation (promotes Liquidity), holding short-term/mid-term pool assets (promotes Liquidity and Volume), due diligence (promotes the betterment of the entire Defi community), and not just on how much of a whale they are (we’re all in this revolution together!) Also, it would provide a new level of fun & excitement that no other platform would have! My very rough structure breakdown is below, we could definitely vote on it and refine it as the community!
Every month we would have a new LP Performance Tournament, in a 16 - LP bracket style, where LPs would go head-to-head each week, and “WINNERS - see definition below” would advance to the next weekly round. This would happen until the final week, where two LPs remain and compete to the be the monthly “CHAMPION - see definition below”. The monthly initial 16 LP bracket would be determined by the Dev team and reset (monthly) (could be voted on how to select the 16 monthly LP participants. Based on need for volume, expected asset performance, user popularity, etc.). We as the community would be “VOTERS - see definition below” to participate and earn rewards if we chose the correct LP as the CHAMPION for that month.
Each holder of Sushi would be able to participate as a VOTER, no matter how small their balance. This incentivizes people to stake their Sushi LP tokens. There could even be a bonus for holders of xSushi, for additionally staking their Sushi (i.e. if a VOTER held xSushi instead of Sushi at the beginning of each month/tournament, they would get X% bonus reward). VOTER would then “vote” on which pool would “win” that round and advance. “Winning” would mean whichever Altcoin asset had the best weekly performance in its ratio against ETH. For example, if the weekly matchup was AAVE-ETH vs SUSHI-ETH, whichever pair had the higher weekly gain/performance would be the round WINNER. “Voting” would be performed by simply providing liquidity to that pool of your choice, for each matchup (so in total, every month VOTER can select MAX 8 LPs for the tournament, one per matchup in Week 1 of the tournament. VOTER could also provide liquidity to the MIN of 1 LP, and hopefully that LP would make it to the end and be crowned CHAMPION. Your best odds of picking the CHAMPION would be providing liquidity to 8 of the 16 LPs, and thus have a 50% chance of being in the CHAMPION pool at the end.) VOTER would need to MAINTAIN LIQUIDITY in that pool for the ENTIRE MONTH, or would be disqualified from winning the CHAMPION MONTHLY REWARDS. However, VOTER can still withdraw liquidity as normal at any time, just not from the CHAMPION pool until the end if they want to be eligible for rewards. For example, if VOTER provided liquidity in 8 of the 16 LPs at Round 1, and by the Final Week, 1 of his 8 LP choices was still vying to be CHAMPION, VOTER just needs to continue maintaining liquidity in that 1 pool to be eligible for the CHAMPION MONTHLY REWARDS. This incentivizes holding assets, not selling for quick dollars. VOTER would do their research/due diligence on assets, understanding what they are, why they would perform better vs others. Ultimately, VOTER gets smarter about DeFi, and makes the Defi community that much better. VOTERS are not just chasing 2000% high APY numbers. VOTERS feel good about the assets they own, and would hold them proudly for 1 month (hey, even longer into the next monthly tournament!). If VOTER provided liquidity for the entire month to the CHAMPION LP, VOTER would be eligible to claim the CHAMPION LP REWARDS. REWARDS could be voted on how to be implemented (i.e. Extra Sushi, Extra Fee % Collected, Reimburse Gas Fees, all of the above, other, etc.)
Eliminated VOTERS for that month (VOTERS who did not select a remaining LP pool) could continue to participate in the form of CHEERING/DONATING. Eliminated VOTERS could root for others still in the remaining LPs by donating Sushi to an LP pool to “ROOT/CHEER” for the pool. All VOTERS in that LP Pool would share the donated sushi based on their % of owned liquidity.
In summary…in order for Sushiswap to remain one of the premier LP providers, we need to keep increasing market share. I think the Onsen Menu was a great idea. I’m worried some of the market share may dissolve once Sushi tokens go away/drop off in delivery. Most people chase the high APY (i.e. other LP platforms introduced recently), and this is mostly in the form of token rewards. Uniswap withstands this by being “first to market” and thus has “namebrand” status, higher volumes/liquidity. I think we as the Sushiswap community will need to continue to be creative with ways to bring in/maintain liquidity & volume.
Thanks for reading!!!
I have two things that I think would be good helpful additions to the Sushi protocol
Transaction batching on Sushi (I think that could add some user stickiness) Allow a user to create an list of thing that they want to do, say harvest their sushi, then move that sushi to stake, then enter an LP, once they had their sequence of transactions created, they could click execute. Essentially like a Sushi Macro? The idea here would be to save on gas for tx.
Allow users to automatically harvest and stake when the gas fee is below X. Basically, setting up a Sushi DRIP (Dividend Reinvestment Plan)
i like sushi sushiswap is best website sushi best defi best app everything the best forever
Unsure if this has been said before even though it must have been.
Transparency, Education & Visualization.
These three points can be huge differentiators - especially as more mainstream, less technical/experianced traders enter the market.
To incentive these new users it is vital Sushi embodies the previously mentioned qualities.
An example / proposed idea - Have an easily accessible LP calculator allowing users to quickly calculate various LP scenarios - ie. allow for them to see different outcomes given the underlying asset price movement - incorporating projected fees earned, divergent loss scenarios, and back end token value accrual.
I an LP could easily visualize these potential risk/reward - it would no doubt aid in continued adaption and increased LPing
Three improvements I have in mind below!
- Make the updates clickable. I can’t make the new update since the confirm button is out of view on the website. Look at my attached picture.
There is no way to click accept and update, please fix this bug.
Make tokens non validated so more unknown tokens can be supplied as in Uniswap. Ofcourse there are security and scam concerns with this that might offset this option.
Most urgently, spare my eyes, by making the website darkmode.
On this website my eyes hurt from all the white and i guess for most people. Uniswap has darkmode and I think this is more important than you can think.