SushiSwap CEO: The treasury funds are about to run out, proposing to reallocate the fees paid to xSushi holders to the treasury

2022-12-06 20:34:17
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ChainCatcher message, the SushiSwap community is discussing a new proposal aimed at redirecting all fees paid to xSushi holders to its treasury to fund its operations. SushiSwap's new CEO Jared Grey proposed setting Kanpai to 100% fee transfer to the treasury multi-signature address for a duration of one year or until new token economics are implemented.

Jared Grey stated, "After reviewing expenditures, it was found that the treasury's massive deficit threatens Sushi's operational viability and requires immediate remedial action. In my initial proposal, Sushi's annual operational funding was set at $9 million, but after detailed review, we have reduced that request to $5 million." (source link)

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