
The SushiSwap community is currently embroiled in controversy over a proposal by its core team. The proposal aims to create a centralized entity, Sushi Labs, which would control $53.3 million in DAO treasury assets. This move has been criticized by community members and a former contributor, who accuse the team of attempting a hostile takeover and centralizing the project's treasury. The proposal, put forward by developer Jiro, includes transferring 25M Sushi tokens to Sushi Labs, encompassing assets from airdrops, business development, and partner grants. The community's reaction has been swift, with many stepping up to oppose the move, highlighting the tension between governance and centralization in decentralized finance projects.
Former SushiSwap contributor https://t.co/pvz3dsZOErïm told Decrypt he thinks the core team has been laying the groundwork to centralize the project's treasury for months. “I am both concerned and unsurprised," he said. Read more: https://t.co/QF8FjxyRJF
SushiSwap Community Cries Foul Over Vote to Centralize $53M Treasury ► https://t.co/39vAJ05eDk https://t.co/39vAJ05eDk
SUSHISWAP PROPOSAL SUGGESTS TRANSFERRING ASSETS TO SUSHI LABS The proposal, put forth by SushiSwap developer Jiro, seeks to grant 25M Sushi tokens to Sushi Labs, including assets from various sources such as airdrops, business development, and partner grants. Additionally, it… https://t.co/M4I80CakYo


