TechFlow News — SushiSwap's new CEO, Jared Grey, announced on Twitter that multiple initiatives are currently underway to address long-standing issues with Sushi and its broken business model in the first quarter of 2023. Additionally, Jared Grey will introduce a public dashboard for DAO and Treasury activities to ensure full financial transparency.
Specifically, the interim proposal Kanpai redirects 100% of fees to Sushi’s Treasury, allowing the protocol to rebuild its cash reserves. This enables Sushi to continue paying competitive salaries, cover critical infrastructure costs, and diversify its treasury holdings by accumulating funds from core asset pairs such as ETH, stablecoins, and others.
Sushi’s upcoming tokenomics redesign focuses on better aligning its most actionable assets—TVL and LPs. The mechanism reimagines how SushiSwap directs liquidity, moving away from fully subsidizing liquidity through token emissions toward a fairer and more sustainable model. Sushi is also diversifying its business model by innovating its DEX technology stack.
xSushi remains part of the new tokenomics but has been repositioned within the protocol’s value chain. Jared Grey will release a detailed financial budget and public snapshot of Sushi next week.
According to ChainCatcher previous reporting, SushiSwap’s treasury funds were nearing depletion. Jared Grey had previously proposed reallocating fees paid to xSushi holders back to the treasury, but later withdrew the proposal. He plans to relaunch a revised version for community discussion soon. Source link
