Sushi for Dinner? I’ll FOLD

Francesco
Coinmonks

--

What happened between Sushi and Fold? The change of path by the DEX leads to issues for Fold's new client.

This week has been a stressful one for Fold users.

TLDR — one of the most awaited updates for Fold was highly reliant on Sushiguard, a new upgrade by Sushiswap. Trouble started when Sushiswap announced plans to stop development for SushiGuard.

This short piece provides an overview of the events and a final reflection on relying too much of your infrastructure on third parties.

From Lovers to Ghosting

Fold and Sushi have had a long-term partnership.
The Fold OpenMEV was developed to recapture lost MEV profits on Sushiswap so that traders could trade for free (up to 95%) on the DEX.

Fold had been developing an updated client to be released on Sushiguard, an upgrade for “MEV, Front running, and arbitrage Protection for Sushi users”.

The Sushi documents even featured $FOLD as a currency in their tutorials, showing the extent of the collaboration.

--

--

Francesco
Coinmonks

I simplify crypto. Follow me on Twitter: @francescoweb3