SushiSwap CEO: Will enhance financial transparency, and the new tokenomics will redesign the way liquidity is incentivized

ChainCatcher news, SushiSwap's new CEO Jared Grey stated on Twitter that various solutions are currently being implemented to address the long-standing issues of Sushi and its business model breakdown, aiming for improvements in the first quarter of 2023. Additionally, Jared Grey will provide complete financial transparency by releasing a public dashboard of DAO and treasury activities.

Specifically, the interim solution Kanpai will redirect 100% of fees to Sushi's treasury, allowing the protocol to rebuild its cash reserves to continue paying competitive salaries, cover key infrastructure costs, and diversify its treasury through funds collected in base asset pairs (such as ETH, stablecoins, etc.).

The upcoming tokenomics of Sushi focuses on readjusting its most actionable asset TVL with LP, a mechanism that redesigns how SushiSwap incentivizes liquidity, moving away from solely subsidizing liquidity through emissions to a more equitable mechanism. Sushi aims to diversify its business model by innovating its DEX tech stack.

xSushi remains in the new tokenomics but has readjusted its position in the protocol's value chain. Jared Grey will provide Sushi's financial budget and public snapshot next week.

According to ChainCatcher previous reports, SushiSwap's treasury funds are about to run out, and Jared Grey proposed reallocating fees paid to xSushi holders to the treasury, but the proposal was later withdrawn. Jared Grey will reissue a revised proposal for discussion. (Source link)