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SushiSwap, a leading decentralized exchange (DEX), has introduced a new business structure called Sushi Labs, replacing the previously existing DAO model. This move, one of the most controversial in the DeFi ecosystem to date, aims to foster innovation and growth within the protocol. Despite initial misunderstandings, SushiSwap clarified that the Sushi DAO will continue to operate in parallel with Sushi Labs, maintaining the protocol's decentralized and permissionless nature. Revenue and fees will still be distributed to the Sushi Bar. Additionally, SushiSwap plans to launch a new derivative exchange named Susa Exchange through a partnership with LayerN. The new structure also introduces a multitoken ecosystem.
🍣 SushiSwap has unveiled a multi-token model and new business structure called Sushi Labs. What does this mean for one of crypto’s favorite DEXs? Find out more: https://t.co/A8ZFOVOB30 https://t.co/bu60qncS5A
SpiceNet, built with @sovereign_labs, with @CelestiaOrg underneath! https://t.co/pcicmgnyQh
UPDATE - CLARIFYING MATTERS AROUND SUSHI DAO/LABS “By running Sushi DAO and Sushi Labs in parallel, we maintain our decentralized, community-driven ethos while accelerating our ability to innovate and grow” - Yesterday saw leading DEX @Sushiswap launch @sushi_labs in a move… https://t.co/yJAEtbbWXf https://t.co/fS4yE5VlXB