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The Sushiswap team aims at introducing a new tokenomics designed to tackle the decentralized exchange's (DEX) liquidity issues brought about by poor market conditions.
Legendary DeFi token introduces optimized LP reward model, more decentralized and fair, its head chef says
Key Points: The “Head Chef” of the decentralized exchange Sushiswap, Jared Grey, suggested altering the tokenomics of the exchange in an effort to revive the protocol after a tough year.
Head Chef of Sushiswap Jared Grey proposed changing the exchanges tokenomics, with the goal of incentivizing liquidity and redirecting value to token holders. The post Sushiswap tries to breathe life back into protocol with new tokenomics proposal appeared first on The Block.
SushiSwap's [SUSHI] CTO revealed what the SUSHI network was up to during the last two quarters of this year.
The world of cryptocurrencies has seen a host of digital assets flourish, from varied sectors. One sector which has seen impeccable growth in the past is the sector of Decentralized Finance (Defi). Successively, numerable digital assets from Defis, have garnered the interest of the masses.
Even if the latest SushiSwap DAO plan was well-received by voters, it has sparked heated debate. After a difficult year, the protocol team decided to make a change at the top of the “kitchen” and get things under control by replacing the previous Head Chef.
Sushi DAO concluded its proposal for increasing the treasury payout to 100% with more than 58% votes in favour.
GoldenChain and a wallet linked to Cumberland tipped the Sushi DAO vote to direct all protocol fees to the project's treasury. The post Sushi DAO votes to send all fees to treasury but it was a fight between whales appeared first on The Block.
Metaverse Tokens This Week: Yesterday was a great day for investors as most of the crypto tokens jumped up. However, as soon as FED announced the hike in interest rates, the market dipped down within seconds.
SushiSwap Head Chef Jared Grey has disclosed that the DAO will spend about $5.2 million for its operating costs in 2023, with over 80% of the budget going to salaries. The post SushiSwap Head Chef discloses $5.2M budget for DAO operation in 2023 appeared first on CryptoSlate.
SushiSwap is on a quest to boost transparency after running a $30 million loss over the past 12 months
This week, most of the coins in the crypto market had been trading in red. The result of this is that most coins on DeFi have been trading in the negative as well.
"Ultimately, we must harden the business model to produce more swap volumes & generate more fees," wrote CEO Jared Grey.
Worst Avalanche Tokens This Week: The tokens in the Avalanche chain have fallen this week as the market continues to be bearish, even towards the end of the year. Major coins in the chain have slipped, thus, trading in red in the last 7 days.
SUSHI is having a hard time gaining some ground as the market declines again. Today, SUSHI has lost more than 5% of its value, following the trend of other major cryptocurrencies such as Bitcoin and Ethereum.
SushiSwap's stochastic was in an oversold position Though whale interest and development activity increased, other metrics did not support a price surge SushiSwap [SUSHI] has been upsetting investors for quite some time now thanks to its negative price action.
SushiSwap's Head Chef is calling for drastic measures to keep the DeFi project's future alive and well.
A significant liquidity loss threatens to render the SushiSwap (SUSHI) decentralized exchange (DEX) inoperable, according to a recent governance proposal.
Head Chef Jared Grey has proposed that the 100% of xSUSHI revenue be allocated to the treasury wallet for the next 12 months. Head Chef Calls For Immediate Remedy The decentralized exchange is discussing this proposal to provide financing for its operations and extend its runway beyond the next year and a half.
Jared Grey's proposal reveals that Sushi's treasury has less than 1.5 years of runway left.
SushiSwap CEO proposes contrversial solution amid treasury projected to run out of funds in the next 1.5 years Grey proposed the diversion of all fees to SushiSwap's treasury Grey, the man that came to the rescue of popular decentralized exchange SushiSwap shed light on some distressing financials.
SushiSwap's CEO Jared Grey has revealed that the DEX currently has 1.5 years of runway. He has proposed that all the fees from the exchange be diverted to the treasury.
Decentralized exchange SushiSwap is mulling a fresh idea that would funnel all fees paid to xSushi holders into its treasury pocket for an entire year in order to fund its operations. The proposal comes as SushiSwap, now under new management, works to improve its deteriorating financial situation.
