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According to a proposal by SushiSwap, the firm will be redirecting 100% of its trading fees to the Treasury. This comes after the firm revealed plans to multiply their 2023 earnings.
On 24 January, DeFiLlama revealed that the trading volume of SushiSwap [SUSHI] on Arbitrum was steadily increasing. As per the tweet, on 23 January, 44.6% of the total SushiSwap trading volume occurred on Arbitrum.
While the DeFi market has continued to mirror the crypto market rally, more innovations have been introduced to the ecosystem. In today's news, SushiSwap, the sixth-largest decentralized exchange (DEX) by 24 hours trading volume, has passed a proposal to relocate 100% of its trading fees to the SushiSwap treasury for maintenance and expenses.
SushiSwap has approved two key proposals to boost its treasury by diverting trading fees and clawing back SUSHI tokens in the Merkle Distributor.
SushiSwap will shortly transfer all trade fees to its treasury. 99.85% of voters "clawbacked" 10,936,284 unclaimed SUSHI ($14.8 million) tokens.
100% of trading fees on the platform will soon be redirected to the SushiSwap treasury for maintenance and expenses.
Members of the Sushi DAO have passed a proposal seeking to retrieve about 6.2 million SUSHI tokens to the Treasury, from early liquidity providers who are yet to claim their rewards.
SushiSwap, a decentralized finance (DeFi) protocol on Arbitrum, has been experiencing a steady rise in trading volume. Yesterday, the total SushiSwap trading volume on Arbitrum rose to an impressive 44.6%.
In a best-case scenario, crypto layoffs could spur another round of innovation for the industry.
Decentralized exchange (DEX) Sushiswap (SUSHI) hopes to grow its market share tenfold in 2023, according to Jared Grey, the project's CEO. Grey says in a new blog post that Sushiswap plans to release its new DEX aggregation router in the first quarter of the year, a move he thinks will increase the project's swap volumes.
On 17 January, SushiSwap [SUSHI] announced its plans for the future. These plans included improving the ecosystem by supporting independent NFT collections and launching their aggregator routers.
Head Chef Jared Grey outlines his plan to revitalize the SushiSwap exchange for a brighter 2023.
With the aim to become a top decentralized exchange (DEX), SushiSwap has published a roadmap for 2023. The post Will SushiSwap Achieve Its Goal to Climb DEX Ranks in 2023?
SushiSwap has shared a detailed roadmap for the coming year, which will see the development of a decentralized exchange (DEX) aggregator, a decentralized incubator, and several new stealth projects. The announcement comes just a month after the protocol warned of a significant deficit in its treasury.
SushiSwap's 2019 plans include the creation of a DEX aggregator, a decentralised incubator, and “many secret ventures.” SushiSwap's CEO, just a month after warning of a “significant deficit” in its treasury, has shared several planned updates to the platform, which it claims will “10x” its market share by 2023.
Leading decentralized exchange (DEX) platform SushiSwap is looking to increase its market share by 10x with the proposed launch of its DEX aggregator router and decentralized incubator in the first quarter of 2023. The post SushiSwap to launch DEX aggregator and decentralized incubator in Q1 appeared first on CryptoSlate.
One month after warning of a "significant gap" in its treasury, SushiSwap's CEO announced various platform enhancements to "10x" its market share in 2023. The community announced that it will be launching its DEX aggregator later this year.
SushiSwap's roadmap for the coming year includes the development of a DEX aggregator, a decentralized incubator, and "several stealth projects."
Key Points: A well-known decentralized finance (DeFi) application SushiSwap's CEO outlined the protocol's 2023 roadmap, emphasizing user experience, and stated that Sushi will launch its decentralized exchange (DEX) aggregator in the first quarter.
In a 2 January development, SushiSwap's [SUSHI] CTO stated that they would be abandoning their lending protocol, Kashi, in Q1. They would also halt additional developments on their token launchpad, MISO.
Sushi team decides to abandon its Kashi lending and MISO launchpad platforms due to a lack of resources.
On December 7, Jared Grey, the CEO and “Head Chef” of SushiSwap, suggested that the DEX is burning through cash like there is no tomorrow. According to the forum post made by Grey, the DEX has, more or less, a year and a half in headroom which resulted in the exchange enacting a 100% allocation from fees on its staking token xSUSHI.
DeFi protocol SushiSwap has announced it would be shutting down its lending protocol, Kashi, and its token launchpad, Miso. The company stated that it had come to its decision due to a number of reasons, including poor execution, poor design choices, and a lack of resources.
Ethereum-based DeFi platform Sushiswap has announced the plan to axe their token launchpad and lending protocol from their service offering. The Sushiswap group has been facing severe financial problems over the past few months.
