Pro
DEXDeFi

What‌ ‌the‌ ‌Fork‌ ‌is‌ ‌Going‌ ‌On?‌

Ryan WatkinsAug 27, 2020 ⋅ 5 min read

To no one’s surprise who’s been following DeFi, we have another emoji coin set to launch. This time a Uniswap fork named after a Japanese dish - SushiSwap. However this one stands out for a few reasons.

Following the launch of YAM, most of these emoji coins failed to garner significant attention. Many came off as gimmicky knockoffs of YAM (which is a funny thing to say about coins inspired by a ponzi scheme-like digital vegetable).

SushiSwap seems to have taken the basic emoji coin playbook of:

  1. Forking popular DeFi protocols
  2. Implementing liquidity mining
  3. Advertising unaudited smart contracts
  4. Slapping an emoji on top of it
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Ryan Watkins

72 ReportsRyanWatkins_

Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.

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Ryan Watkins
Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.
72 ReportsRyanWatkins_
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