Sushi DAO Will Remain Focused on Decentralization, Not Replaced by Sushi Labs!

Bittime - Recently there has been a misunderstanding regarding changes to the organizational structure of the Sushi protocol. SushiSwap through its official blog also clarified that Sushi DAO will continue to carry out its functions and will not be replaced by another entity.

Sushi DAO: Focus on Decentralization and Governance

Sushi DAO will continue to operate as a DAO that plays an important role in decision-making and governance of SushiSwap. Sushi maintained this decentralized approach by implementing a new board structure. 

The structure consists of four roles that focus on specific areas to ensure effective governance and appropriate strategy implementation, namely:

• Sushi High Kitchen: Focuses on Sushi product and protocol development.
• Treasury Council: Responsible for cash management of SushiSwap.
• Grants Council: Distributes grant funds for the development of the Sushi ecosystem.
• Ambassador Council: Tasked with promoting and developing the SushiSwap community.

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Sushi Protocol and Sushi Bar

SushiSwap as a DeFi protocol will continue to operate as usual. SushiSwap services and products can still be accessed and used by anyone freely without permission.

Meanwhile, SushiBar's distribution of proceeds to xSUSHI token holders will also not be affected. xSUSHI holders remain entitled to a portion of transaction fees generated by the SushiSwap platform.

Sushi Labs and Sushi DAO: Complementing Each Other

Sushi Labs is a new entity formed to support SushiSwap product development more quickly and efficiently. Sushi Labs will focus on creating new products and improving existing products. With the presence of Sushi Labs, SushiSwap is expected to be able to compete more competitively in the DeFi landscape that continues to develop rapidly.

Sushi DAO and Sushi Labs have complementary roles. Sushi DAO focuses on governance and long-term strategic decision making, while Sushi Labs focuses on faster execution and product development. With this combination, SushiSwap is expected to achieve sustainable growth.

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Community Stays Involved

Although Sushi Labs was created to encourage innovation, SushiSwap remains committed to decentralization. The decision-making and governance process will continue to involve the community through the newly formed board structure.

SushiSwap will host an Ask Me Anything (AMA) session to discuss this strategic initiative and answer questions from the community. The date and time for the AMA will be announced later.

By running Sushi DAO and Sushi Labs simultaneously, SushiSwap can maintain its values ​​of decentralization and community leadership, and increase its ability to innovate and grow.

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Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

SushiSwap (SUSHI): More Than Just a Token, a Portal to the Financial Future

Sushiswap (SUSHI) Price Prediction 2024-2035: Will it Rise in the Future?

What is SushiSwap (SUSHI)? Exploring the World of Decentralized Exchange (DEX)

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.