ChainCatcher news, SushiSwap CEO Jared Grey stated on social media: "In my opinion, Base will eventually have to launch a token." In addition, Jared Grey mentioned that the launch of a token is to address the allocation issue.

ChainCatcher news, SushiSwap CEO Jared Grey stated on his social platform that a recent attack on SushiSwap resulted in some Lido protocol participants obtaining hundreds of ETH. Sushi has already collaborated with the Lido team to find solutions to recover the stolen funds they have already paid, but some community members believe that Lido has no obligation or authority to return these funds, essentially giving the green light to distribute the stolen funds to multiple Lido DAO participants. Controversially, Hasu, the strategic director of Flashbots and strategic advisor to Lido, also supports this viewpoint.Jared Grey stated that attempting to use the bureaucratic processes of the DAO to obfuscate and hinder this process is hypocritical and completely wrong. He hopes to reach an amicable solution with Lido DAO and its supporters to return the relevant funds.In addition, the Lido community recently initiated a proposal on whether to return 39.8 ETH to Sushi, which is set to close on May 26. Currently, there is a 98.48% voting rate deciding not to take action, with Hasu voting in favor of inaction with 5.2 million LDO.Previously, on April 9, SUSHI RouteProcessor2 was attacked, and the Ethereum staking protocol Lido captured 689.02 ETH in MEV rewards. On April 10, Jared Grey tweeted that it has been confirmed that over 300 ETH of the stolen funds have been recovered from CoffeeBabe, and he is in contact with the Lido team regarding the issue of 700 ETH. (source link)

ChainCatcher news, SushiSwap CEO Jared Grey tweeted an overview of the progress and future plans for their revitalization project. He stated, "We have built additional tokenomics models over the past four months and are planning a comprehensive reform of the Chef contract. Soon, we will move the tokenomics to the governance process for final discussion and voting. A major goal of the new tokenomics is to facilitate the adoption of Uni V3 on Sushi."Additionally, Grey mentioned, "To help achieve this goal, we have built a new routing processor that allows us to fully leverage the capabilities of the Tines engine and helps us aggregate all Sushi liquidity in the best way."Regarding community reforms, Grey stated, "We will launch a governance dashboard built completely from scratch in May. My goal is to promote transparency in DAO operations and help increase governance participation through transparency; the governance dashboard is the first step in setting a new standard for DAO and community engagement and ownership." (source link)

ChainCatcher news, the Sushi DAO community revealed that Sushi DAO and its CEO Jared Grey have received a subpoena from the U.S. Securities and Exchange Commission (SEC).A proposal to establish a "Sushi DAO Legal Defense Fund" was posted in the Jared Grey community, which will provide 3 million USDT to cover legal fees for core contributors. Additionally, he stated, "We are cooperating with the SEC. We do not intend to publicly comment on the ongoing investigation or other legal matters." (CoinDesk)

ChainCatcher news, SushiSwap's new CEO Jared Grey announced the protocol's roadmap for 2023, which will focus on user experience, and stated that Sushi will launch its DEX aggregator in the first quarter. The protocol will prioritize DEX products this year to enhance sustainability and profitability. Sushi also plans to launch a decentralized incubator, Sushi Studios, to empower the brand to launch independently funded projects that support ecosystem growth without burdening the DAO treasury.In addition, Sushi's governance dashboard will also be launched in the first quarter of 2023. According to previous reports, SushiSwap's Chief Technology Officer Matthew Lilley announced the closure of the lending platform Kashi and the token issuance platform MISO, citing low public interest and the significant maintenance effort required for both platforms. Sushi developers will focus more on DEX products. (Source link)

ChainCatcher news, SushiSwap's new CEO Jared Grey stated on Twitter that various solutions are currently being implemented to address the long-standing issues of Sushi and its business model breakdown, aiming for improvements in the first quarter of 2023. Additionally, Jared Grey will provide complete financial transparency by releasing a public dashboard of DAO and treasury activities.Specifically, the interim solution Kanpai will redirect 100% of fees to Sushi's treasury, allowing the protocol to rebuild its cash reserves to continue paying competitive salaries, cover key infrastructure costs, and diversify its treasury through funds collected in base asset pairs (such as ETH, stablecoins, etc.).The upcoming tokenomics of Sushi focuses on readjusting its most actionable asset TVL with LP, a mechanism that redesigns how SushiSwap incentivizes liquidity, moving away from solely subsidizing liquidity through emissions to a more equitable mechanism. Sushi aims to diversify its business model by innovating its DEX tech stack.xSushi remains in the new tokenomics but has readjusted its position in the protocol's value chain. Jared Grey will provide Sushi's financial budget and public snapshot next week.According to ChainCatcher previous reports, SushiSwap's treasury funds are about to run out, and Jared Grey proposed reallocating fees paid to xSushi holders to the treasury, but the proposal was later withdrawn. Jared Grey will reissue a revised proposal for discussion. (Source link)

Chain Catcher news, the results of a community vote concluded by SushiSwap today show that former Eons Finance CEO Jared Grey has been elected as the new "Chef" (i.e., CEO) of Sushi with over 83% of the votes.Chain Catcher previously reported that the SushiSwap community governance vote decided to reduce the proposed salary for the CEO and to vote on the new CEO. (Source link)