SushiSwap's DAO Overhaul Proposal: Awaits Community Verdict Amid Wide Controversy

Tuesday, 9 April 2024, 09:01

SushiSwap's proposed restructuring aims to transition to on-chain governance and create a new entity, Sushi Labs. Despite receiving both support and criticism, concerns about centralized power and ethics continue to fuel the debate. The fate of SushiSwap's community remains uncertain as voting on the proposal continues.

https://store.livarava.com/ab762ac5-f653-11ee-8980-87cc5c87fb08.jpg — SushiSwap's DAO Overhaul Proposal: Awaits Community Verdict Amid Wide Controversy

SushiSwap Restructure Proposal Sparks Debate

A proposal to restructure SushiSwap's decentralized autonomous organization (DAO) and treasury has sparked controversy within the community. The plan includes transitioning to on-chain governance and creating Sushi Labs with autonomy in its operations and development.

Overview of the Proposal

The proposal requests a grant of 25 million SUSHI tokens to Sushi Labs and asset allocation from various sources for project development.
Sushi Labs would be the sole recipient of future airdrops for Sushi from protocols and partners.

Criticism and Debate

Opposition highlights concerns over governance transparency and equitable distribution of resources.
Naïm Boubziz and community members argue against potential power centralization within Sushi Labs.

Concerns continue to rise over the proposal's impact on the decentralized ethos of SushiSwap.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.