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“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.
In this week's episode of #hearsay, we take you to the world of underground crypto 'bro' culture, where cringe-core hotels serve as the backdrop for degen deals and misogyny gone amuck.
Copper is launching an internal review after an event at which sushi was served to guests from the bodies of scantily clad models.
A white-hat hacker targeted the Super Sushi Samurai crypto game for a $4.6 million exploit on the Blast network, highlighting ongoing security challenges within the ecosystem.
Over $4.8 million was withdrawn from its liquidity pool by a self-proclaimed white hat hacker.
A hacker exploited a bug in a newly launched gaming token on Blast network — Super Sushi Samurai — to steal roughly $4.6 million worth of Ethereum on March 21 — less than a month from its launch. The exploit resulted in an approximately 99% slippage in the token's value following an unauthorized token dump.
The bug allowed any user to send all of their funds back to themselves — and would see them doubled. But the funds may have been saved.
Super Sushi Samurai (SSS), a newly launched altcoin, has suffered a significant security breach.
SushiSwap is all about fast token trading and giving rewards to people who use the network. It's based on Uniswap, a well-known exchange, but it has extra features that Uniswap doesn't have.
In a market dominated by the likes of Bitcoin and Ethereum, a groundswell of interest is quietly but powerfully brewing in the sector's underdogs. These lesser-known, low-capitalization cryptocurrencies are catching the eyes of investors keen on finding the next breakout star.
SushiSwap has faced accusations of governance manipulation and financial opacity, with tensions rising over the deletion of its governance forum.
Sushi has expanded into Ethereum's Layer 2, launching on Blast to offer users enhanced yield opportunities and reduced gas fees.
Sushi has begun the final deprecation phase of Trident Pools, advising users to withdraw liquidity before March 15, 2024, to ensure a smooth transition.
The crypto industry was mixed during the weekend as the fear and greed index remained in the greed zone. Bitcoin, the biggest coin in the world, remained unchanged at $51,000. Similarly, Ethereum remained slightly below $3,000. There were some big movers though.
The crypto markets trade flat as the bulls appear to have shifted their focus over the other sector. The DeFi space, which was submissive with the advent of new categories, is again gaining wider attention.
Sushi Bonds converts discounted token sales into Protocol Owned Liquidity - a sustainable liquidity solution.
