Gm Sushi community
We wanted to take a moment to introduce ourselves to the community. We’ve been following Sushi for a while (some of us for several years now) and with the launch of GoldenChain, we are psyched to be more active in all things Sushi. We’re excited about the Sushi 2.0 roadmap, and think upcoming cross-chain integrations for swapping and lending (Sarang is incredibly thoughtful on this front), and updated tokenomics (controlccontrolv–we’ve been throwing them some ideas around tokenomics) have the potential to be transformative for Sushi.
As a brief intro about ourselves. GoldenTree is a ~$50bn privately owned asset manager that is well known for investing globally in corporate credit, distressed credit, credit structured products, and emerging markets. But a couple of months ago (after about a year in the making) GoldenTree formally launched our digital investment strategy (setting up a new investment manager led by Avi Felman and Joe Naggar, GoldenChain Asset Management LP (‘GoldenChain’) and a new fund managed by GoldenChain)), and put together a team of 10 crypto natives to focus entirely on the crypto markets. We come from a variety of places – crypto funds, DeFi protocols, DAOs, quant firms. We think GoldenTree has a unique combination of crypto-native knowledge and traditional resources (operational, legal, etc.) that lets us tackle some pretty complex crypto problems.
We believe Sushi has incredible potential. Although the community has certainly been through some tough challenges, we’ve been amazed at the resilience of both the core team and the community in the face of these speed bumps, as you all have continued to build and release top-tier products. To GoldenTree, Sushi represents the best of DeFi, both in origin and in community. Sushi is what DeFi is all about: iterating and innovating, without artificial barriers to competition. We love the approach to new, composable products such as Trident and Bento that give developers frameworks on which to layer on complexity has been quite novel. We don’t think the full power of these products has been unlocked yet, or appreciated by many devs.
We think that’ll change soon.
Our plan is to be helpful to the community in whatever ways we can be, all the while remaining as transparent as possible about our Sushi holdings and intentions. To start, here’s our wallet address: 0x9C2ba3E13616e27eC15E799797424B0c3D00cEB1.
We want Sushi to succeed and wish to engage with the Sushi community, but ultimately we trust the core team and the community to hear views and come to their own conclusions.
For example, some things we think we can help with:
(i) Tokenomics: GoldenTree spends a lot of time thinking about tokenomics, and thinks Sushi has the opportunity to put forward some novel proposals. We’ve been sharing some ideas through telegram with (Sarang, Matthew Lilley, and controlccontrolv), which we are happy to post publicly for full transparency.
(ii) General Design/Strategy: We have experience in general protocol design and enjoy throwing out ideas for things like Trident, xxSushi, Shoyu, etc. For example, we’ve been discussing some xxSushi mechanism designs with Sarang that we are again happy to share publicly. We also think we can spitball on cross-chain strategy and design.
Again, we intend to offer our views and work with the community to address difficult design problems, but want the broader community to remain in charge and certainly support things like the new quadratic voting/sybil resistance voting structure.
The GoldenTree/GoldenChain Team
• Legal Disclaimer
This note is not intended to provide or constitute investment advice in any way; further, nothing herein is intended to influence any investment decisions or serve as a solicitation for any investment. A fund managed by GoldenChain owns Sushi tokens. GoldenTree and its affiliates are not affiliated with and do not control Sushi in any manner other than the voting rights associated with the Sushi tokens managed by GoldenChain. GoldenTree and its affiliates have no duty or other obligation to or relationship with the Sushi protocol, its employees, management or its token holders. GoldenTree may operate as a liquidity provider on Sushi in the future and may receive token rewards in connection with that activity. This note was not solicited by any party.