SushiSwap community members elected Jared Grey as CEO on Monday, transferring power within the decentralized exchange after months of realignment and controversy surrounding the protocol’s governance.
Grey, who was formerly CEO of(DeFi) platform EONS and CEO at crypto exchange Bitfineon will serve as SushiSwap’s “Head Chef,” as the company terms the role.
SushiSwap was created as a copy of with added liquidity mining and governance features. Although aiming to improve on the original, it appears to be falling behind: Data from ranks Uniswap as the top performing DEX, with 24 hour trading volume of nearly $415 million. SushiSwap has $12 million.
Grey, who won with about 84% of a total 13 million votes across a ballot of five candidates, told CoinDesk that he hopes to bolster protocol engagement and improve the exchange's internal organization.
“There is still quite a bit of inefficiency regarding automated-market makers (AMMs), protocol user experiences and other areas of the industry where we should continue iterating to build richer product experiences,” Grey told CoinDesk. “I think Sushi has an opportunity to lead in these areas.”
“I think there are bright and passionate minds on Sushi's team, and I want to help them realize their ambitions. I believe I have the experience that will help them do so,” said Grey.