GoldenTree Moves $5M of SUSHI, Sparking Fear It’s Exiting
Much of the asset manager’s Sushi trove was deposited at Binance in the last 24 hours. Original Source
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Sushi
Sushi DAO to Set up Defense Legal Defense Fund; Project Receives Unspecified US SEC Subpoena – Defi Bitcoin News
Sushi, the Web3 exchange that pivoted into a decentralized autonomous organization (DAO), is seeking to organize a legal defense fund. If approved, the proposal, which already is available for voting, will put $3 million USDT as part of a fund to defend itself from legal actions against the organization and
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Sushi sets up legal defense fund after SEC subpoenas head chef Jared Grey and DAO itself
Sushi DAO proposed the creation of a legal defense fund March 21 in response to the “recent” subpoena of Sushi head Jared Grey and the decentralized autonomous organization (DAO) itself by the United States Securities and Exchange Commission (SEC). The DAO’s proposal did not provide details about the SEC subpoena. It
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Sushi DAO, Key Contributor Served With SEC Subpoena
Grey proposed creating a "Sushi DAO Legal Defense Fund" in a forum post, saying it would "cover legal costs for core contributors." The proposal recommends making $3 million in USDT available for core contributors, with another $1 million worth of USDT available in case the initial $3 million are used
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SushiSwap passes 100% fee relocation, 10.9M SUSHI clawback proposals
According to a governance proposal passed on Jan. 23, decentralized exchange (DEX) SushiSwap will soon redirect 100% of trading fees on the platform to its treasury for operations and maintenance for one year's duration. The move came after CEO Jared Grey warned that the exchange "only has 1.5 years of
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DeFi Protocol Sushi Passes Two Governance Votes to Strengthen Treasury
xSushi tokens were issued to users who staked tokens on the trading platform SushiSwap allowing them to receive 0.05% as a reward from each trade. Of this, 10% was directed to the SushiSwap treasury. However, as a result of Monday’s proposal decision, 100% of all fees will be sent to
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DeFi Protocol Sushi Lays Out 2023 Plans With Focus on DEX and User Experience
The move comes after Sushi's chief technology officer, Matthew Lilley, said in a tweet thread on Jan. 3 that two of its products – the Kashi lending platform and MISO, a launchpad for external tokens – would be shuttered because of low public interest and the significant effort that went
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DeFi Protocol Sushi to Shutter Lending Product to Focus on DEX
As CryptoX reported, the Sushi treasury provided for only 18 months of runway calculated from the first week of December, causing a significant deficit in its treasury. Lead developer Jared Gray proposed setting Kanpai, a fee-diversion protocol, to 100% of fees diverted to the treasury multisig for one year at
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Inconsistent Metrics Have Indicated Further Struggles For SUSHI
SUSHI is having a hard time gaining some ground as the market declines again. Today, SUSHI has lost more than 5% of its value, following the trend of other major cryptocurrencies such as Bitcoin and Ethereum. Here’s a quick glance at how SUSHI is performing: Optimism manifested itself as an acceleration in
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Snowfall Protocol (SNW) Expected to Explode in 2023 Alongside Sushiswap (SUSHI) and Monero (XMR)
Place/Date: - December 9th, 2022 at 4:51 am UTC · 4 min read Source: Snowfall Protocol The cryptocurrency market is known for being highly volatile. Coins are always gaining immense value and then dropping in price almost overnight. With such drastic changes
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