SushiSwap receives approval to clawback 6.2M SUSHI to Treasury

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.

Timeline of Sushiswap

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%.

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.

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.

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.

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.

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.