SotN#31: The Rise of SushiSwap, with 0xMaki (Sushi vs Uniswap, Differentiation, Future of Sushi)
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 27 January 2021
⏱️ 69 minutes
🧾️ Download transcript
Summary
🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/
✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
👕 BUY BANKLESS TEE: https://merch.banklesshq.com/
-----
💪BECOME A BANKLESS PREMIUM MEMBER: http://bankless.cc/membership
-----
GO BANKLESS WITH THESE SPONSOR TOOLS:
⭐️ AAVE - BORROW OR LEND YOUR ASSETS
https://bankless.cc/aave
🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP
https://bankless.cc/go-gemini
💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS
https://bankless.cc/monolith
📱 DHARMA | MOBILE ONRAMP DIRECTLY INTO DEFI
https://bankless.cc/dharma
------
SotN31: The Rise of SushiSwap, with 0x Maki (Sushi vs Uniswap, Differentiation, Future of Sushi)
We bring 0xMaki, a core contributor to the SushiSwap DEX, to the Bankless State of the Nation, to get into the story behind Sushi's rise out of the depths of the 3 month DeFi bear market!
Topics Covered:
- The Sushi Story Thus Far
- SushiSwap Differentiation
- Integrations and Partnerships
- The Future of SushiSwap
- The Future of DeFi
We begin with a history of the SushiSwap project and its migration from Uniswap. Maki takes us through the structures of the Sushi Ecosystem and discusses the role of Chef Nomi on the trajectory of the exchange in its turbulent beginnings.
Maki argues for a flexible, bottom-up, and community-based approach, with an emphasis on integration with other protocols like Yearn Finance, Polkadot, and Cream. We discuss Sushi’s remarkable comeback from its early struggles in 2020, and how its current volume of over $100mm daily is a result of the efforts of its diehard community.
Maki differentiates the SushiSwap Protocol from that of its sibling Uniswap, as well as the asset $SUSHI from the asset $UNI. Maki contends that Sushi’s fast-moving UI development and integration with external partners set SushiSwap apart from other DEXes.
Maki is optimistic about the adoption of Layer 2 Scaling Solutions throughout DeFi in 2021 and lays out some of SushiSwap’s ambitious plans for the future, including optimizing gas fees and user experience.
Lastly, Maki discusses the future of DeFi, arguing for compatibility and coexistence among decentralized protocols.
------
Relevant Links:
BentoBox
https://boringcrypto.medium.com/bentobox-to-launch-and-beyond-d2d5dc2350bd
SushiSwap Exchange
https://sushiswap.fi/
SushiSwap’s Roadmap for 2021
https://sushiswapchef.medium.com/2021-3e1f45cf86a2
SushiSwap Forum
https://forum.sushiswapclassic.org/
------
Don't stop at the video!
Subscribe to the Bankless newsletter program
http://bankless.substack.com/
Visit the official Bankless website
http://banklesshq.com/
Follow Bankless on Twitter
https://twitter.com/BanklessHQ
Follow Ryan on Twitter
https://twitter.com/ryansadams
Follow David on Twitter
https://twitter.com/TrustlessState
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome everyone to another episode of State of the Nation. David, how are you doing today? |
| 0:18.4 | Absolutely fantastic. I think we have a pretty interesting state of the nation ahead of us. |
| 0:22.6 | Zero X Machi from SushiSwap. This will be the first pseudo-anonymous camera off state of the |
| 0:30.4 | nation that we've ever had at least with a guest. Our cameras are obviously on, but our guest |
| 0:34.8 | Sushi, Zero X Machi, he's on standby with his camera off because he's pseudo-anonymous and that's |
| 0:39.9 | kind of how the SushiSwap protocol rolls. So we're going to get a little bit more into that later. |
| 0:44.5 | This is going to be a super fascinating episode. I think you're going to learn a lot. If this is your |
| 0:48.7 | first to the nation, these come out every Tuesday. We try to watch stream them on YouTube, |
| 0:52.7 | then we put the video up, then we get the podcast out to our podcast listeners. So this is an |
| 0:57.9 | opportunity for us to relate some of the interesting things that are going on in the bankless nation |
| 1:02.5 | to big picture stuff. We're going to be getting to that Zero X Machi conversation in just a minute. |
| 1:09.1 | But David, we've got some new stuff going on in the bankless nation as well. We had a fantastic |
| 1:15.2 | episode with Justin Drake that just came out this past Monday. I think it was our most bullish |
| 1:21.8 | Ethereum episode yet. I was maybe bold to say, but because the topic was cryptography. |
| 1:28.7 | What were some of your takeaways from this episode? |
| 1:32.1 | Yeah, Justin Drake. This was a unique podcast that come out of the bankless podcast. I think |
| 1:37.8 | might be my favorite episode that we've ever done so far. It's also our longest. It's a marathon |
| 1:42.4 | at two hours and 20 minutes. I think what makes this episode so unique was that Justin Drake, |
| 1:48.8 | who is an Ethereum researcher, by the way, he works with the EF, he's a cryptographer, came to us |
| 1:54.3 | with this proposal for what he thought would be a really, really cool episode. He was totally |
| 1:59.3 | right. The idea came to him when he heard us do this bull case for Ethereum, bull case for ETH |
| 2:04.8 | series that we did with Eric Conner, Anthony Zuzano, DC Investor, and then we had the guys at ETH |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bankless, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bankless and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.