TechFlow News, SushiSwap has released an official bulletin regarding Kanpai 2.0, Sushi supply, Sushi Bar, and tokenomics updates to ensure the community is fully informed and to maintain transparency. The main points are as follows:
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Kanpai 2.0 Expiration: Kanpai 2.0 was a strategic initiative implemented during the 2022 bear market, generating approximately $5 million in revenue by using xSushi protocol fees to support the DAO. With its mission completed, Kanpai 2.0 will expire on January 23, 2024.
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Sushi Bar Reopening: With the return to the original xSushi model, the Sushi Bar will reopen. This will allow xSushi holders to earn trading fee revenues by staking SUSHI in the Sushi Bar.
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Sushi Supply and Issuance: Sushi has completed minting its total supply of 250 million tokens. As all SUSHI tokens are now in circulation, no further issuance of new SUSHI will occur.
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Tokenomics Proposal Update: To achieve sustainable growth and long-term strategy, the project proposed an updated token model. However, due to mixed community feedback, the new tokenomics will not be deployed.
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Future Plans: The project's future focus will be on innovation, community empowerment, and service expansion. They plan to enhance cross-chain trading, introduce modular architecture, drive technological innovation, launch new LP tools, and develop new financial products. The project will continue to listen to the community, committed to transparent, inclusive, and sustainable growth.
