SushiSwap approves two major proposals to boost the treasury via CoinEdition


SushiSwap approves two major proposals to increase the treasury
  • SushiSwap recently voted in favor of a proposal to shift exchange trading fees to the treasury.
  • A second proposal to recover the millions of SUSHI tokens awarded at Merkle Tree was also approved.
  • A new token model has been proposed by the CEO of SushiSwap.

SushiSwap recently approved two major proposals that were presented to its governance forum last month. The proposals seek to bolster the treasury of a decentralized exchange (DEX), which took a hit after last year’s downturn in the cryptocurrency market.

Jared Gray, CEO of SushiSwap aka “chef,” last year proposed increasing payments from DEX to the treasury from 10% to 100%. This proposal met some resistance from the community at first but was eventually approved in favor of the Treasury Department. The approval will ensure that all trading fees are allocated to the treasury.

The community also voted in favor of a motion that sought to restore SUSHI tokens in the Merkle Tree. According to the proposal, there are currently 10.9 million SUSHI tokens in the Merkle Distributor. At the time of writing, the tokens are worth $13.7 million.

Moreover, these proposals are part of SushiSwap’s efforts to revamp its finances and strengthen its treasury…

Post-SushiSwap approved two major proposals to boost the treasury appeared for the first time in coin issuance.

See the original on CoinEdition



Source link

Related Posts

Precaliga