SushiSwap's CTO has left the project

After that, the SUSHI prices instantly jumped by 20%

09.12.2021 - 10:15

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2 min

What’s new? The chief technology officer of the SushiSwap decentralized exchange, Joseph Delong, announced his resignation on Twitter due to disagreements within the team. The step was welcomed by the community, with the SUSHI prices jumping 20% in a matter of hours.

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

Why did Delong leave? The conflict came after the unexpected departure of one of the project’s leaders under the nickname 0xMaki and several other people from the development team. It was rumored that Delong himself was the initiator. But the CTO called the allegations “absurd slander” and threatened to leave the project unless the developers were given more leeway. He later put forward an offer to give all developers of the project 200 000 SUSHI each, but this was not supported. Delong was repeatedly accused of misappropriating tokens without the community's knowledge. He had doubts that the confusion within the team could be sorted out, after which he left the project.

How did Delong comment on his decision? The CTO warned on Twitter:

“Be wary of any self-proclaimed leaders arising from the current core team.”

Joseph also promised to hand over all accounts to the next project leader.

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

What happened to the SushiSwap token? The SUSHI prices have risen by 20% since Delong's departure. At the time of writing, the token is trading at $6,27 after jumping to $6,87. SUSHI has been hit hard over the past year, falling almost 73% from a record high of $23,38 in March.

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