SushiSwap Restructures DAO To Avoid Legal Troubles

The restructuring of the SushiSwap protocol has created three separate DAOs that will be based in Panama and the Cayman Islands.  SushiDAO Votes 100% For Restructuring The legal structuring proposed the creation of the DAO Foundation, Panamanian Foundation, and Panamanian Corporation to bring more flexibility to the operations.

Timeline of Sushiswap

Sushi DAO has unanimously approved a proposal to set up three legal entities in Cayman Island and Panama to manage the affairs of the protocol. The post Sushi DAO approves proposal to evolve into 3 legal entities appeared first on CryptoSlate.

Sushi DAO, the decentralized sushi community has approved a new legal framework with Three new companies. sushi's actions, despite gathering huge unanimous votes, received some unsupportive remarks from some customers.

SushiSwap, one of the leading DEX's in the crypto space, was a victim of the bear market like many others. However, a new Messari report suggested that SushiSwap may be showing some growth in terms of transactions and revenue.

SushiSwap, the popular decentralized exchange, has proposed to use of non-transferable shares in Sushi's governance. The post SushiSwap weighs new DAO structure that uses non-transferable shares appeared first on The Block.

SUSHI price shows real relief signs after a long while, as the price could be set to retest at $2.5 if this trend needs to be sustained.  SUSHI tops the crypto price as it cracks over 24% gain in less than 24 hours.

SushiSwap was hoping for a period of stability after the election of Jared Grey as head chef. However, the decentralized exchange found itself in the eye of a storm after extraordinary allegations were made against its new head chef.

A widely followed crypto analyst says the entry of a $47 billion asset manager could provide a much-needed shot in the arm for decentralized exchange (DEX) protocol SushiSwap (SUSHI).

Good news came in for SushiSwap [SUSHI] as it managed to nab the second position in the list of top gainers in the Solana ecosystem in the last seven days. Sushi registered some promising price movements lately that helped the token achieve this new milestone as it registered over 12% weekly gains.

Following charges of fraud, Jared Grey, the recently appointed head chef at SushiSwap, is currently on the defensive side. The new boss of Sushi DAO, Grey, has been charged with stealing money from the cryptocurrency community in 2019 from a project named ALQO.

The new ‘head chef' of the SushiSwap DEX is already in hot water as the mud and hooves start to fly among the crypto community. The post SushiSwap Horseplay: Head Chef Under Fire in Scamming Allegations appeared first on BeInCrypto.