Hi SushiSwap community! Larry the founder of Pickle Finance here - long time lurker on these forums but first time posting.
I understand that voting for SIMP#3 passed in favor of Option 2, where the 2/3rd vested SUSHI rewards may be withheld from certain smart contracts. Obviously it would be in Sushi’s best interest to prevent certain projects from immediately selling the SUSHI rewards on the market upon vesting and create immense sell pressure.
I humbly request on behalf of Pickle Finance that our smart contracts (as part of our PickleJars) which farm SUSHI be rewarded the remaining 2/3rd SUSHI.
Pickle Finance is committing to staking all of the SUSHI rewards as xSUSHI (where it will forever remain in our treasury) if the SushiSwap community decides that we are eligible for the rewards.
SushiSwap and Pickle Finance are both ecosystem partners within the Yearn family. Pickle has made efforts to collaborate and explore synergies with SushiSwap at every possible opportunity. For example:
- Profit fees were entirely removed from SUSHI farming Jars (e.g. yveCRV-ETH SLP and YFI-ETH SLP) such that Pickle doesn’t receive any fees for helping drive liquidity to these pairs.
- I’ve started a forum discussion on migrating our PICKLE/ETH liquidity to SushiSwap - my intention is to conduct this liquidity migration alongside the launch of DILL.
I hope that my points above demonstrate Pickle’s commitment to SushiSwap. We’re excited for the opportunities to collaborate with SushiSwap and the greater Yearn ecosystem going forward. Thank you for taking the time to read this and I welcome any questions/comments.