Sushi absolutely needs more technical innovation, which comes with a price tag of top technical talent.
But, it is also competing against others in the space who have shown they have some of the best tech design chops in the business.
Sushi’s expertise isn’t in the AMM side. It’s in product, community and an ecosystem product line.
Competing on making the best AMM/CLOB puts them directly against some of the best in the business (classically called a ‘Red Ocean Strategy’).
Whereas, Sushi could choose to instead focus on building out their product line, providing more polish and simplifying the UX to go after more mainstream users.
Leading AMM Uniswap has actually increased their product complexity to be an LP.
CLOBs are more complicated both for makers and takers.
Means there is a ‘Blue Ocean Strategy’ of building a product ecosystem that focused on the mainstream users who are more fee agnostic as well.
Either of those paths require technical talent for innovation, as well as other senior talent to continue to improve the experience and the business process.
All of those paths require finance.
So I’m not sure what I’m missing?
While Sushi should lay out clearly what they need and want to use the capital for, we can’t just sit people in a room and say ‘just innovate new system mechanics’.