SushiSwap unveils new growth path forwards after difficult last months

SushiSwap unveils new growth path forwards after difficult last months

The difficult times experienced by the SushiSwap ecosystem seem to be history now. The team has made big changes in both its ranks and its plans for the future. This is manifested in the newly presented roadmap.

SushiSwap and its problems

SushiSwap is a project that has broken into the cryptocurrency market by storm. Seemingly an uninteresting offshoot of Uniswap, over time it gained great popularity, becoming one of the leading decentralized exchanges (DEX). However, not everything went according to plan. This is most clearly illustrated by the words you can read on Sushi’s blog:

“In 2021, we achieved much more than we expected, but in the second half of 2021, operational inefficiencies and a lack of focus on the long term were noticeable. Eventually, Sushi collapsed, major changes began, and both the team and community remained a shell of itself.”

It is worth mentioning here that as a result of the problems, CTO Joseph Delong (0xMaki), among others, resigned from the project. Initially, this decision made little difference. Until now…

Plan for SushiSwap 2.0

Problems in the team’s operations translated into trouble for the ecosystem. Fortunately, new guidelines for expanding the developer lineup, financial transparency, and efforts for development-focused executives have begun to bear fruit. On April 25, the Sushi team released a new roadmap.

Its content is very comprehensive and its pillars are clear. The primary goals for SushiSwap 2.0 are: roadmap review, governance and community, financial management and sustainability, legal structure, and team leadership recruitment.

As noted in the release, SushiSwap has so far struggled to fully connect the solutions it creates with the Sushi core. These aspects are to be brought to completion. An open permissionless system for developers, projects and users to use is also to be provided. A toolkit for third-party developers will also be created, supported by a system of better documentation. Efforts will also be made to increase scalability, which will still be done in a fully decentralized manner.

A turning point

There are many more elements presented in the roadmap. They have the power to lead SUSHI out of the difficult situation the project found itself in after March 2021. From the highs reached then, SUSHI has lost nearly 90% of its value to date. So there is a chance that DEX has just reached a crucial turning point for its future.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

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