This is Eric Golden and my guest today is Jared Grey. Jared was recently elected Head Chef of SushiSwap, one of the most recognized decentralized exchanges in crypto. We discuss the pros and cons of a community-led governance structure, how and why Jared decided to campaign for this CEO-type role, and the opportunities to improve SushiSwap's structure over the long-term. Please enjoy this conversation with Jared Grey.

For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.

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Show Notes

[00:02:09] - [First question] - Addressing the accusations after being appointed head chef at Sushiswap

[00:04:27] - How he first got into crypto and the road leading him to Sushiswap

[00:06:50] - Overview of what a decentralized exchange is compared to a centralized one

[00:08:17] - The unique way liquidity is provisioned in a DEX

[00:09:47] - What permanent loss is and the main critique against DEXs

[00:10:34] - Whether or not he believes DEXs will surpass centralized exchanges in volume

[00:12:06] - The history of SushiSwap before he arrived 

[00:15:22] - Explaining the differences between Uniswap and SushiSwap

[00:18:39] - Where his power starts and stops, and the challenges of running a community lead organization versus a traditional governance structure

[00:20:44] - An example of how decision making happens inside of SushiSwap

[00:22:57] - A situation where a gridlock happened and having a centralized governance structure might have helped

[00:26:35] - The challenges of developing more features without making an overwhelming user experience

[00:28:38] - The nomination process for him to become the head chef at SushiSwap

[00:30:44] - The voting system and candidates involved in the voting process

[00:33:08] - His mental model for the voting system and ways to modify the existing one

[00:36:10] - How the transition of power works in a situation like his

[00:37:22] - Thoughts on regulatory risk and regulatory structure

[00:38:41] - His outlook for Sushi and where he wants to take it going forward

[00:40:23] - What he’s most excited to see built over the next six months and six years

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