SushiSwap has announced a significant shift in its governance structure by replacing its decentralized autonomous organization (DAO) with a new model called 'Sushi Labs.' This move marks the end of Sushi DAO's journey and introduces a centralized governance framework aimed at driving innovation and growth. Sushi Labs will focus on forking existing protocols such as Uniswap V2 and V3, and will introduce a multitoken ecosystem. The decision has sparked controversy within the DeFi community, as it represents a departure from the decentralized principles that have been a cornerstone of the platform. More details can be found in Jared Grey's memo and the full blog post. The $SUSHI token is also part of this transition.
SUSHISWAP TERMINATES DAO IN FAVOR OF ‘LABS’ MODEL - “IT APPEARS THAT SUSHI DAO IS IT AT THE END OF ITS JOURNEY” - In one of the most controversial moves in the DeFi ecosystem to-date, leading DEX @Sushiswap has now replaced its governance DAO with the centralized ‘Sushi Labs’.… https://t.co/SZ34L22E9w https://t.co/nAu5M7PDMF
[COINTELEGRAPH] #SushiSwap replaces DAO with ‘Labs,’ introduces multitoken ecosystem $SUSHI
JUST IN: @SUSHISWAP REPLACES $SUSHI DAO WITH CONTROVERSIAL 'LABS' MODEL
Sushi is committed to forking. They've forked Uniswap V2, V3, and now Labs.
1/ Officially introducing Sushi Labs - a new chapter for Sushi to drive continued innovation and growth! Dive into the details of Sushi Lab's roadmap, governance, ecosystem and growth: 📄 @jaredgrey's memo: https://t.co/MKi9QlzkLp 📝 Full blog: https://t.co/ZUfiwmroI9 🧵👇 https://t.co/kvBaGV92V6