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Sushi Swap, the most active DEX on Binance Smart Chain, is rebranding to Sushi Labs. The DEX will also offer a new derivative exchange for US-based traders.

SushiSwap transitions to Sushi Labs with a new council structure and multitoken ecosystem to address governance and market response issues. The post SushiSwap dissolves DAO, repositions as Sushi Labs with new council structure appeared first on Crypto Briefing.

SushiSwap is now Sushi Labs, an autonomous company that replaces the ecosystem's decentralized autonomous organization.

SushiSwap, a decentralized exchange platform, has integrated with Rootstock, marking a significant milestone in decentralized finance (DeFi). This collaboration allows SushiSwap to expand its reach into the Bitcoin ecosystem, offering users advanced trading functionalities in a secure and decentralized environment.

TL;DR SushiSwap integrates with Rootstock, an EVM-compatible Bitcoin sidechain. The integration allows Sushi users to access advanced trading functionalities on Rootstock. This collaboration strengthens the interconnection between Bitcoin-Fi and DeFi, providing more options to include Bitcoin in the DeFi ecosystem.

SushiSwap, a decentralized exchange, has launched on the Bitcoin sidechain Rootstock, marking a significant milestone for Bitcoin's DeFi capabilities.

Rootstock's goal is to combine the security of the Bitcoin network with the smart contract capabilities of Ethereum.

During the intraday trading session on June 2, Sushi's (SUSHI) Age Consumed metric rose to a seven-day high, suggesting that previously dormant tokens have begun to change hands.

SushiSwap joins forces with Binance-backed GoPlus Security in a move that promises to save millions in user losses.

DEX users trading new or unknown tokens are constantly at risk of losing funds due to a variety of scams perpetrated by the token issuer.

The decentralized finance (DeFi) sector faced significant turbulence this week, particularly SushiSwap, a notable DeFi protocol, which saw its token SUSHI plummet by over 18%.

More than 62% of SushiSwap voters backed the move to a ‘labs model' in a signal vote on April 10, showing support for the DEX's shift toward a less decentralized business structure.

A contentious proposal by the SushiSwap (SUSHI) team to restructure its treasury appears set to advance, despite facing vocal opposition and accusations of voting manipulation. The proposal, put forth by the SushiSwap team on March 26, aims to transition the protocol to a “Labs model” to enhance operational efficiency and accelerate protocol development.

Proposal seeks to move $40 million+ assets to new entity managed by Sushi Labs.

The governance proposal suggests transferring more than $40 million in DAO-controlled treasury assets to a new vault managed by Sushi Labs.

“The leadership team has been laying the groundwork for several months to reach this pivotal moment,” former SushiSwap contributor B.Naïm told Decrypt. “I am both concerned and unsurprised.

A proposal to restructure SushiSwap's decentralized autonomous organization (DAO) and treasury has stirred widespread controversy, dividing the community. On April 3, 2024, the team behind the decentralized exchange (DEX) SushiSwap proposed a plan to increase agility and drive innovation.

The controversy concerning the majority of the SushiSwap community, the decentralized finance (DeFi) platform, is centred around the future powers of its treasury. However, the matter has been taken to another extreme, with voting process, which started on April 3 but will be stopped next Friday, becoming the focal point of a fierce debate.

Voting for and against the proposal was evenly matched but recently tipped in favor of the ‘yay,' despite continued criticism of the plan on social media. Voting ends April 10.

This move would redirect airdrops to the vaults instead of the autonomous proposal portal (APC), marking a notable shift in the platform's governance strategy.

A substantial modification within the decentralized finance (DeFi) system is when SushiSwap, an influential decentralized exchange (DEX), proposed a governance one to-be-done that might reshape its auspices and operations. The plan, which is authored by Jiro – a SushiSwap developer, offers a fairly fundamental change in the allocation of the treasury assets, i.e.

SushiSwap's head chef, Jared Grey, said the ongoing controversy surrounding the protocol's proposed transition to a Labs model is primarily driven by “former contributors who like to propagate endless FUD and misinformation.

A SushiSwap team's governance proposal has suggested shifting DAO treasury assets to a new Sushi Labs vault.

The decentralized exchange (DEX) and automated market maker (AMM) protocol SushiSwap has been at the center of a significant controversy as users and a former associate express their opposition to proposed governance changes.