Purchase the Sushi swap protocol

wazzup987

A modest proposal to purchase Sushi in the same way Rari capital (RGT) was purchased by the Fei protocol (tribe). (Link)

Why Should Olympus Buy (merge with) the sushi protocol?

It pushes forward Ohm Goal to be a unit of account and the DEFI reserve currency. Merging with or owning a DEX where coins can be traded and priced in OHM helps us climb to the heights of Mount Olympus.
It integrates into Ohm's line of business selling protocol-owned liquidity seamlessly. A dex owned by ohm can favor ohm versus other units of account for things like trading fees driving further adoption of ohm.
Sushi already has a thriving userbase, but fumbling management. Ohm's team is superb and could bring needed guidance to the beleaguered protocol.
The recent events with Dani make now the perfect time to step in and stabilize sushi through leadership and support in a way that synergizes well with both sushi objectives and Olympus's.
This could Improve ohms revenue further adding to its treasury of defi assets.

Note: I was asked to repost this here by a member of the Policy Team

electo

This idea needs more work on mechanics, but is not a bad idea at all and worth exploration.

The two biggest things OHM should focus on are liquidity and being a currency. Sushiswap solves both.

However, I am against this being a merger. Maybe acquire a major stake and let Sushiswap still function independently. It may be cheaper to acquire than to launch an in-house solution. But either way, this is probably more important in the longer run than a lot of other proposals I've seen (personal opinion).

Clear benefits:
1. Hundreds of pairs can be launched across every chain in OHM or gOHM. In case we all forget, this is a core goal for OHM.
2. OHM not only facilitates the Ownership of liquidity, it also becomes the biggest player in rental liquidity. This is the second core goal of OHM. Liquidity > price.

Everything else is noise. To be a major player in DeFi - you need a big market where its traded.

wazzup987

electo I basically agree. My only concern is I think sushiswap has management issues and I think ohm's team can solve those which is why I suggested a merger (more like an acquisition) with ohm being the controlling partner. Either way with the issues with Dani, sushi and sushi price collapse present an opportunity for ohm use and further our own goals in the DEFI ecosystem.