Sushiswap’s “Head Chef” Jared Gray Proposes Changes to Web Tokens hoping to revive the protocol afterdifficult year
This proposed change attempts to increase liquidity. and create more benefits for Sushi tokens and promoteMaximum value for stakeholdersAll without compromising current token holders or having to sacrifice status.the economy of the protocol Sushiswap currently has only 1.5 years of cash to manage, Gray said.
“Just as the original xSushi model hoped to succeed. And with the main goal of the new model is to promote decentralized ownership. and rewarding liquidity growth through a holistic and sustainable reward mechanism that scales with volume and fees.” official offersay
The proposal outlines the main changes – xSushi (staked sushi) will no longer be awarded revenue from trading fees. but will be rewarded accordingly Instead, emission-based rewards are paid in Sushi, while pool liquidity providers that generate the most volume receive a large percentage of their swap fees, in addition to the new time-lock execution incremental rewards they can. optional A percentage of the trading fee is used to buy-back and burn Sushi from the open market and to lock in liquidity for further price support.
The final change will change emissions to 1-3% APY for Sushi tokens to reduce inflation and balance emissions overall with buy-backs, burns, and locked liquidity This is used for price support from trading fees.
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