SushiSwap Head Chef discloses $5.2M budget for DAO operation in 2023

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.

Timeline of Sushiswap

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.

SUSHI has shown strong bullishness, ranking as the most influential project in Avalanche and breaking into the top 10 in Altrank on Polygon. At this time of writing, CoinGecko is estimating a 24% increase in value, which is a 10% increase from where it was.

SUSHI was the most influential project on AVAX Metrics were supportive of a price surge  The market indicators, however, looked concerning  SushiSwap [SUSHI] recently made headlines as it was named the most influential project in the Avalanche ecosystem.

Several metrics including MVRV Ratio and exchange reserves indicated a further price decline The market indicators were also not favoring SUSHI, which was concerning for the investors  SushiSwap [SUSHI] made it to the news again as it was in the list of top Polygon projects in terms of Altranking, which investors can consider a major

On 4 November, it was announced that the first ever stableswap on SushiSwap was being deployed through Polygon. With significant volatility surrounding SUSHI, this new update may cement SushiSwap‘s position in the long run.

Traders and investors in SushiSwap face a unique conundrum as optimistic and bearish signals battle for control of the market. The recent inclusion of SushiSwap on Boba Network may account for the increased number of whale sightings on the site.

Besides the current market darling Dogecoin (DOGE), Polygon (MATIC) and Arweave (AR), driven by the Meta announcement, are attracting the most interest today. Flying somewhat under the radar at the moment is SushiSwap (SUSHI), which should be no less interesting in the coming weeks.

SushiSwap [SUSHI], as of 31 October, made it to the list of the top Polygon projects in terms of galaxy score, only behind AAVE. This was a major update for SUSHI that could play in favor of the blockchain in terms of a possible price surge in the coming days.

Members of the SushiSwap DAO have voted overwhelmingly in support of a proposal that sought the legal restructuring of the DAO, decentralized exchange SushiSwap [SUSHI] confirmed in a tweet on 26 October.

Head Chef Jared Grey knows he faces an uphill battle to turn around SushiSwap's fortunes but he's working on a bold new plan. The post SushiSwap's new Head Chef describes himself as a ‘wartime CEO' appeared first on The Block.