CTO of the decentralised exchange SushiSwap, Joseph Delong, has stepped down from his role, failing to win support from the project’s current team.
In the interest of the Sushi Community I am resigning as CTO effective immediately. I very much enjoyed the things that we built together and will look back positively on this moment. pic.twitter.com/7pZsQuPgup
— Joseph Delong (@josephdelong) December 8, 2021
The conflict arose after the project head, who went by the handle 0xMaki, unexpectedly departed; Delong may have been the instigator. Along with him, some other developers left, aired the disagreements in public.
The CTO of SushiSwap called the allegations “absurd libel” and threatened to quit the project if key developers were not granted greater autonomy.
He brought before the community a proposal to allocate 200,000 SUSHI ($1.2m at the time of writing) to each of the 19 developers on the project. But it failed to gain support. Of the 97 votes cast, more than two-thirds opposed.
Delong doubted that the current chaos within SushiSwap could be neutralised. He recommended moving key positions outside the DAO and equipping them with effective governance mechanisms for managing the team.
Be wary of self-proclaimed leaders from the current core team, he warned.
I highly recommend the installation of a C-suite from outside the DAO and give them the tools to effectively manage a team. Be wary of any self proclaimed leaders arising from the current core team.
— Joseph Delong (@josephdelong) December 8, 2021
Delong reminded his pledge to hand over all accounts to the next leader of SushiSwap.
Now in my opinion is the time to bring together the community and move towards an effective resolution together.
I am standing by to dutifully hand over any accounts or information necessary to the next leader that is selected.
— Joseph Delong (@josephdelong) December 8, 2021
As noted, the Bank for International Settlements called the decentralisation of DeFi protocols an illusion. Experts expressed confidence that there will be cases where projects will require reorganisation or assessment.
Subscribe to ForkLog’s news on Facebook!