according to the proposalpassOn January 23, the popular DEX exchange SushiSwap will convert 100% of the platform’s trading fees to the Treasury. To fund operations and maintenance for a period of one year. The move comes after CEO Jared Gray warned that the exchange “There’s only 1.5 years left in the treasury,” despite reducing annual operating expenses from $9 million to $5 million. In the midst of the ongoing crypto winter.
Calling all Sushi community members
We’ve just released our new tokenomics calculators and we would love your input
Let’s continue the tokenomics dialogue and make
Sushi even better together!
New Tokenomics Calculators:
https://t.co/Tji2ScDKYi
— SushiSwap (@SushiSwap) January 24, 2023
“Treasury revenue will be in the form of 50% ETH and 50% USDC, with revenue expected to reach approximately $6 million next year if this proposal passes.”
in a separate offer atpassOn the same day, 99.85% of voters chose to “clawback” the 10,936,284 unclaimed tokens awarded to early liquidity providers during the 2020 DEX launch. Provides trading liquidity from August 2020 to February 2021 and has been open for claims for almost two years. Which some users argued that “people get these SUSHI fairly” and claim on these assets should not be denied.
SushiSwap, the sixth-largest DEX by 24-hour trading volume, has been hit hard by the crypto market slowdown.
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