Sushi DAO Vote to Direct All Fees to Protocol’s Treasury

Two large entities were responsible for the Sushi DAO’s decision to allocate all fees collected from the SushiSwap exchange to the protocol’s Treasury. SushiSwap’s owner, GoldenChain, stated that it needed additional funds to improve its long-term sustainability strategy. GoldenChain also explained why it voted for the motion. GoldenChain stated that SushiSwap needed to take the necessary action in order to ensure its long-term stability. GoldenChain wanted more information on how the change would be implemented. The current value of Sushi DAO’s treasury at $12 million is. The majority of the assets are held by Sushi, the protocol’s native token. Additionally, the DAO has $208,000 in USDC stablecoin.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comThanaCoincu NewsTags: ProtocolSushi DAOsushiDAOsushiswapSushiSwaps