ChainCatcher news, Sushi CEO Jared Grey posted on social media that he plans to launch multiple products in 2025, including:Wara (wara.exchange): A new integrated trading experience based on Solana;Susa (susa.exchange): A brand new on-chain order book perpetual DEX launched by Sushi;Kubo (kubo.bid): A new native perpetual contract product launched by Sushi Labs, starting new markets through delta-neutral strategies;Blade (part of SushiSwap): A new LVR AMM solution that eliminates MEV for blue-chip assets;SushiSwap aggregator: This product is already in production but will expand its distribution through the integration of new partners.In addition, Jared Grey hinted at future airdrops.

ChainCatcher news, SushiSwap announced the launch of the Memecoin launch platform Vesting Launch, which features a linear vesting function. Tokens will be gradually released to buyers who purchase within 24 hours after the token creation. This ensures that buyers have the exact same experience as early purchasers, preventing snipers and pump-and-dumpers from ruining promising tokens in the initial hours after creation. After 24 hours of the token going live, trading will be completely normal with no restrictions. When purchasing tokens, the tokens bought by users will be released linearly within the first 24 hours after the launch. If a user buys 100 tokens 12 hours after the launch, the balance will show 50 tokens, and the dashboard will display the full balance after vesting.SushiSwap stated: "The introduction of linear vesting is just the beginning of our goal to make memecoin trading more fun and sustainable. Countless promising tokens are sniped and dumped within minutes of their release, ruining their chances of gaining an audience. We are addressing this issue."Additionally, SushiSwap released a disclaimer: Trading on the launchpad carries certain risks, including the possibility of losing funds. Always conduct your own research and understand the market before trading. Sushi does not provide any financial or legal advice and does not endorse any specific tokens, so please trade cautiously.

ChainCatcher news, according to CoinDesk, the startup Hana Network, focused on developing hyper-casual finance with social network effects, announced the completion of a $4 million Builder round of financing. Investors in this round include well-known decentralized exchange SushiSwap, Alliance, and Orange DAO.Hana Network was founded by Kohei Hanasaka in 2023. The team has long been dedicated to improving the user onboarding experience and launched the trustless deposit and withdrawal solution Hana Gateway in January this year. Based on the experience with Hana Gateway, the team is currently focused on developing hyper-casual finance products, emphasizing user-driven distribution through existing open social networks.Hana Network's mainnet is planned to be launched in four main phases. Currently, the first phase has successfully gone live, introducing the hyper-casual card game Hanafuda, where users can earn rewards in the game. From the second phase to the fourth phase, the platform will gradually introduce more new experiences.

ChainCatcher news, Solayer core contributor and former SushiSwap core contributor Kastrye has confirmed attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon.The "DeInsight 2024" annual summit will take place on November 11 at Hotel Nikko Bangkok in Bangkok. This summit is co-hosted by ChainCatcher and RootData, with Soso Value as a co-organizer. The event aims to bring together elites from the Web3 field to exchange insights on the industry, and it is expected to attract over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024, a significant ranking that objectively selects influential individuals or institutions in the industry from a data perspective.

ChainCatcher message, DEX SushiSwap posted "Tomorrow" on X early this morning, possibly hinting at a major announcement.

ChainCatcher news, according to the official website, SushiSwap has now integrated with the OKX Web3 wallet. Users can exchange, stake, and create liquidity pools on SushiSwap through the OKX Web3 wallet. According to the official introduction, SushiSwap is a DEX built on Ethereum that adopts a strategy of sharing all liquidity, allowing users to trade tokens using an AMM system, thereby providing lower transaction fees and faster transaction speeds.It is reported that the OKX Web3 wallet, as an industry-leading one-stop Web3 entry, now supports over 100+ public chains and provides a unified user experience across app, plugin, and web platforms. The OKX Web3 wallet covers five major areas: wallet, DEX, DeFi, NFT marketplace, and DApp exploration, and has launched a Bitcoin inscription and rune trading market, aiming to provide users with comprehensive Web3 services.

ChainCatcher news, SushiSwap has launched the Bitcoin sidechain Rootstock. Rootstock was launched in 2018 with the aim of bringing DeFi to the Bitcoin network and is EVM compatible.

ChainCatcher news, according to Ember monitoring, 30 minutes ago, a giant whale redeemed 4.44 million SUSHI from SushiSwap staking, and then transferred 1.98 million SUSHI (191 million USD) to Bybit. The whale withdrew 4.4 million SUSHI from Bybit at an average price of 0.61 USD on October 28, 2023, and then deposited it into SushiSwap staking. Currently, it has redeemed and transferred 1.98 million SUSHI to the trading platform at a price of 0.97 USD, expecting to realize a profit of 710,000 USD (+59%).

ChainCatcher news, according to Protos, a new governance proposal from SushiSwap suggests transferring assets from the DAO-controlled treasury to the new Sushi Labs, ensuring that all future airdrops go directly to Sushi Labs instead of the DAO. The funds being transferred to the new entity would essentially be all the treasury assets of the project. However, the proposal also seems to include assets not contained in the "treasury" wallets listed on the SushiSwap governance page. Additionally, the proposal aims to grant Sushi Labs full and exclusive operational responsibility for core product development.

ChainCatcher news, SushiSwap has reopened the Sushi Bar, and users can now stake SUSHI to receive xSUSHI. A portion of the trading fees (reduced from 0.3% to 0.05%) will be used to buy SUSHI, accumulate in the Sushi Bar, and be distributed to xSUSHI holders.Previously, SushiSwap announced on November 24 last year that Kanpai 2.0 would end on January 23, returning to the xSushi model, and the Sushi Bar would reopen, allowing xSushi holders to earn a portion of the Sushi DEX trading fees.

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, Layer2 network Frame announced on platform X that it has completed a new round of financing, with participation from Electric Capital, 9gag founder Ray Chan, Luca Netz, and former Sushiswap CEO 0xMaki. The specific amount has not yet been disclosed.Frame launched its testnet in November this year, and its mainnet and native token FRAME are expected to launch on January 31, 2024. In addition to securing the latest investment, Frame also announced an airdrop event for active NFT traders on the Ethereum chain over the past two years.

ChainCatcher news, SushiSwap announced that Kanpai 2.0 will end on January 23, returning to the xSushi model. The Sushi Bar will reopen, allowing xSushi holders to earn a portion of the Sushi DEX trading fees. By staking Sushi in the Sushi Bar, Sushi holders will receive xSushi and will be entitled to collect 0.05% from the standard trading fee of 0.3%.Currently, the SUSHI token has completed the minting of a total supply of 250 million and will no longer release new tokens. SushiSwap has updated its token economic model, but it will not be deployed.

ChainCatcher news, SushiSwap's new CEO Jared Grey has released a community proposal for the deployment of a new token economics for SUSHI, which is currently undergoing a poll.The new token model is built on the foundation of protocol sustainability, enhanced token utility, and diversified funding, mainly focusing on four aspects: liquidity subsidies, improving the efficiency of liquidity subsidies to reduce SUSHI's annual emission costs; balance value, ensuring that SUSHI's income is sustainable in relation to its emissions; financial stability: addressing the current emission-to-income ratio affecting economic viability to enhance stability; LP incentives: the incentives for liquidity providers need to be readjusted to remain competitive; staking mechanism, considering modifications to xSushi staking; xSushi distribution: ensuring a fairer value distribution of xSushi staking among participants.

ChainCatcher news, November 3rd, according to Ember monitoring, a whale address deposited 4.4 million SUSHI (approximately 5.06 million USD) into SushiSwap staking two and a half hours ago. It is reported that these SUSHI were withdrawn from Bybit at 200,000 each six days ago (October 27-28), with an average withdrawal price of about 0.61 USD. In the following days, SUSHI began to rise sharply, peaking at a 113% increase to 1.3 USD. Currently, the whale's SUSHI unrealized profit has reached 2.38 million USD (+88%).

ChainCatcher news, the SushiSwap community recently initiated a "governance reform" proposal, suggesting an immediate halt to Kanpai 2.0 and a return to the previous model, where 100% of the fees will belong to xSUSHI stakers. It proposes to start using SUSHI tokens for direct democratic voting on all new implementations and proposals, to hold elections for a new management committee for SushiSwap, and to draft and implement a decentralized governance charter that supports the development of SushiSwap into a DAO. Let the DAO take control of its own destiny to gain a larger market share, trading volume, and new tokenized designs.The proposal states that since the launch of Kanpai 2.0 in December 2022, the SUSHI token has lost its primary purpose of collecting generated fees, with 100% of the fees now going to the treasury. Additionally, the issuance of SUSHI tokens is nearing its end, with the remaining issuance plan set to conclude (November/December 2023). While this may help ensure the treasury receives funds, token holders have lost a significant portion of utility, and governance has been at best ineffective. Since the launch of Kanpai, the limited new features or updates implemented by the Sushi core team, along with the guaranteed funds generated by this proposal, have severely lacked community engagement and interest. Over the past two years, Sushi's total fees, TVL, and active users have all seen a significant decline, which may be due to the weaknesses of the initial tokenomics or turbulent governance, but in reality, SushiSwap has shifted from a DAO to a treasury-focused operation.

ChainCatcher news, SushiXSwap, the cross-chain trading platform under SushiSwap, has launched its V2 version, currently supporting Ethereum, Arbitrum, Optimism, Base, Polygon, Avalanche, and BNB Chain, and integrating USDC using the Cross-Chain Transfer Protocol (CCTP).The next phase will expand the business scope to more blockchain networks, including EVM and non-EVM chains, through integration with Stargate and Axelar.