
The SushiSwap community is currently embroiled in controversy over a recent proposal that seeks to centralize control over its decentralized autonomous organization (DAO) treasury, which holds $53.3 million in assets. The proposal, introduced by a SushiSwap developer named Jiro, aims to transfer 25 million Sushi tokens and $40 million of treasury $SUSHI to Sushi Labs, encompassing assets from airdrops, business development, and partner grants. This move has sparked accusations of plotting a hostile takeover by the core team to safeguard assets against a governance attack. The community outcry has been significant, with allegations of voter manipulation and concerns over the centralization of the project's treasury. A former SushiSwap contributor expressed his concerns to Decrypt, stating he is both concerned and unsurprised by the core team's actions, suggesting they have been planning this move for months. With the voting process underway, 'Yes' votes are currently in the lead by 63%, with 62.6% of voters voting in favor, largely coming from the official SushiSwap team address which also created the proposal.



$SUSHI APPROVES CONTROVERSIAL DAO PROPOSAL WITH JUST 62.6% OF VOTE - Sushi DAO has today approved a hotly-debated proposal that will see @SushiSwap transition to a so-called ‘Labs model’. - The proposal was approved with 62.61% of $SUSHI voters voting in favor, largely owing to… https://t.co/zmjP0KB4Nv https://t.co/312BM07iqC
🚨JUST IN: @SUSHISWAP VOTES IN FAVOR OF TRANSFERRING $40 MILLION OF TREASURY $SUSHI TO 'SUSHI LABS' VAULT
I just voted on Approve ‘Bobu's Pawn Shop'⛩️✊🍶 (Community Proposal by @Huntclubhero, @Expectedvalue in collaboration with the Bobu Committee)" https://t.co/sJiTS5D4aE @bobubeanfarmer #SnapshotVote Bring on the $SAKE https://t.co/4kMtQ65sqY