In this special podcast crossover episode, Tarun, Hasu and Anna cover the emergence of governance tokens in the DeFi space and then dive deep into the Sushiswap story - what protocols came before and how it performed a vampire attack on (what was at the time) a tokenless Uniswap. This story acts as a fascinating case study as well as a cautionary tale for moat-less protocols.

This episode is the 1st of 2 parts, with the 2nd part airing on Hasu's Uncommon Core podcast. 

In this part, we cover the definition of governance tokens and the first half of the sushi swap story.

Tarun also mentions "impermanent loss" in this episode. However this term has been called to "divergence loss" and you can read more about what it is here.

A quick caveat: We recorded this episode just hours before the Uniswap token launch, and so we decided to produce an amendment section to tackle the aftermath of the launch and wrap up the story. You can find this here:

Sushiswap Bonus Chat

Thanks to our sponsor Least Authority.

Least Authority is a security consulting company known for their dedication to pushing the limits on how to build privacy-respecting solutions. They are a team of security researchers, open source developers, privacy advocates, cryptographers who specialize in security audits, design specification reviews, and security-by-design.

Known for their security reviews, including work with zero knowledge proofs as well as having implemented zero-knowledge access passes with the distributed storage system, Tahoe-LAFS.

It seems fitting then that they are now working on a step by step guide to building zk-SNARKS called The MoonMath Manual which you can find and donate to on Gitcoin

As an aside, the Zero Knowledge podcast also has a grant there, so you might consider donating to both!

If you are interested in working with Least Authority on anything zero-knowledge related, reach out to them - whether you want an audit of your project, want to collaborate on security research or even just want to learn more about zk proofs, they would like to hear from you. I’ve added the email in the shownotes, [email protected] or visit them at LeastAuthority.com

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