The upcoming launch of Shoyu and Trident have demonstrated that the SUSHI community strongly supports the idea of a strong ecosystem that extends beyond just AMM. NFTs (through Shoyu) and DeFi (through Trident) are just a start. Recently, OmakaseBar mentioned that it is possible to provide lending, using NFTs as collaterals. Simply put, sky’s the limit.
We have zero doubt that building great products with superb product market fit is a great step in the right direction, and we are thankful that the Sushiswap Team has continued to deliver on promises.
But, we should not forget that great products alone do not build a great community. Part of what creates a great community, we think, is by generating incremental value for the ones who support the ecosystem the most, i.e. $SUSHI holders. This is done by making sure the $SUSHI token captures the value of all our efforts. Everytime something is done right, $SUSHI holders should benefit, and rightly so.
Currently, $SUSHI stakers earn a percentage of fees generated on the platform. However, we would like to draw everyone’s attention to the $SUSHI holders who do not stake. Do they believe any less in the community? The answer is probably no.
As we look forward to more innovation within Sushiswap, we can’t help but wish that the $SUSHI token would take center stage.
Thus, the SHOGUN Proposal
We would like to propose wider use cases for $SUSHI (other than xSushi and oSushi):
- Platform users should enjoy a discount if they paid fees in $SUSHI
- $SUSHI should also be the preferred token for all services (buying an NFT, paying back a loan, investing in a token launch)
- Everyone under the payroll of Sushiswap should be paid at least in part $SUSHI
- Part of the earnings (i.e. 10%) of the platform should be converted to $SUSHI on a periodic basis
Traditionally, Shoguns were appointed by the emperor to work closely with other classes in Japanese society, including civil servants, who would administer programs such as taxes and trade. In this simple-worded proposal, we saw it fitting to be codenamed “SHOGUN”, as we have hopes that $SUSHI will be the de facto token used to conduct commerce and trade within the Sushiswap ecosystem.