SushiSwap proposes to direct 100% of xSUSHI revenue to treasury wallet
SushiSwap Head Chef Jared Grey stated the project was running out of funds. Decentralized exchange SushiSwap is discussing a new proposal to direct all of the fees paid to xSushi holders into its treasury wallet for a year to provide financing for its operations. The proposal comes at a time when SushiSwap, under new management, is attempting to turn around its declining fortunes. New Head Chef Jared Grey is trying to make the project profitable again and increase its runway — which he said has been reduced to just 1.5 years. Sushi’s operational viability, requiring an immediate remedy,” Grey said.
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