Sushi CEO Jared Grey proposed setting Kanpai’s fee to 100% after revealing that the exchange’s treasury has less than 1.5 years of runway left.
Kanpai is a fee-diversion protocol that redirects specific amounts of trading and other fees to the treasury.
Stakers of SUSHI would be most affected by the proposal since they would no longer receive any trading fee rewards.
While almost 70% of voters have wanted in favor of the proposal, many have expressed frustration about it.
SUSHI reacted to the news by dropping more than 15%. It currently trades at around $1.20.
Decentralized exchange Sushi (SUSHI) is facing serious financial troubles amid the deepening crypto winter, its CEO Jared Grey revealed in a proposal posted on Tuesday.
Grey’s proposal stated that Sushi’s treasury has less than 1.5 years of runway left, despite having reduced the annual operational costs to $5 million from $9 million in October.
Grey said a “significant deficit in the treasury threatens Sus
We współpracy z: https://dailycoin.com/sushi-sushi-ceo-proposes-redirecting-fees-paid-to-stakers-to-treasury-to-save-project/
