{"id":542997,"date":"2023-01-24T18:30:00","date_gmt":"2023-01-24T15:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sushiswap-passes-100-fee-relocation-10-9m-sushi-clawback-proposals\/"},"modified":"2023-01-24T18:30:00","modified_gmt":"2023-01-24T15:30:00","slug":"sushiswap-passes-100-fee-relocation-10-9m-sushi-clawback-proposals","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sushiswap-passes-100-fee-relocation-10-9m-sushi-clawback-proposals\/","title":{"rendered":"# SushiSwap passes 100% fee relocation, 10.9M SUSHI clawback proposals"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2fa21f2ab0a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2fa21f2ab0a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/sushiswap-passes-100-fee-relocation-10-9m-sushi-clawback-proposals\/#%E2%80%9D_SushiSwap_passes_100_fee_relocation_109M_SUSHI_clawback_proposals_%E2%80%9C\" >&#8221; SushiSwap passes 100% fee relocation, 10.9M SUSHI clawback proposals  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_SushiSwap_passes_100_fee_relocation_109M_SUSHI_clawback_proposals_%E2%80%9C\"><\/span>&#8221; SushiSwap passes 100% fee relocation, 10.9M SUSHI clawback proposals  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvOTNhM2EyYzUtMDY2ZS00YmM0LWFiYTItZWI2NjAxMTk5MzY1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a4050f8>According to a governance proposal <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/snapshot.org\/#\/sushigov.eth\/proposal\/0x64c5c6cdb74a1ebafe8e808ba69bd51ff70938b7db791ca8a05b37736541d147\">passed<\/a> on Jan. 23, decentralized exchange (DEX) SushiSwap will soon redirect 100% of trading fees on the platform to its treasury for operations and maintenance for one year&#8217;s duration. The move came after CEO Jared Grey warned that the exchange &#8220;only has 1.5 years of treasury runway left,&#8221; even after slashing annual operating expenses from $9 million to $5 million amids the ongoing crypto winter.\u00a0<\/p>\n<blockquote><p>&#8220;Revenue to the treasury will be in the form of 50% ETH and 50% USDC, with projection of ~$6m being earned over the next year if this proposal were to pass.&#8221;<\/p><\/blockquote>\n<p>In a separate proposal that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/snapshot.org\/#\/sushigov.eth\/proposal\/0xf0353dcc69b766e96e2d1f65f76be2f13c03c1df7ed5ef483e9352e0da59a821\">passed<\/a> the same day, 99.85% of voters elected to &#8220;clawback&#8221; 10,936,284 unclaimed SUSHI ($14.8 million) tokens awarded to early liquidity providers during the DEX&#8217;s launch in 2020. The rewards were available to SushiSwap users who provided trading liquidity for the exchange from August 2020 to February 2021 and had been open to claim for close to two years. Some users argued that &#8220;people have earned these SUSHI fair and square,&#8221; and their claim to these assets should not be denied. Others said that they support the clawback as &#8220;idle SUSHI that can be put to better use.&#8221; The assets will be returned to the SushiSwap treasury.\u00a0<\/p>\n<p>SushiSwap, the sixth-largest DEX by 24 hours trading volume, has been hit hard by the crypto market downturn and product-market-fit woes. Last December, Cointelegraph reported that the DEX lost $30 million over 12 months alone on incentives for its liquidity providers due to &#8220;unsustainable&#8221; token emission rates. As a result, the DEX is currently seeking to revamp its tokenomics model.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"> Calling all Sushi community members<\/p>\n<p>We&#8217;ve just released our new tokenomics calculators and we would love your input <\/p>\n<p>Let\u2019s continue the tokenomics dialogue and make Sushi even better together!<\/p>\n<p>New Tokenomics Calculators:<br \/><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Tji2ScDKYi\">https:\/\/t.co\/Tji2ScDKYi<\/a><\/p>\n<p>\u2014 SushiSwap (@SushiSwap) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SushiSwap\/status\/1617853646758367236?ref_src=twsrc%5Etfw\">January 24, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/sushiswap-passes-100-fee-relocation-10-9m-sushi-clawback-proposals\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; SushiSwap passes 100% fee relocation, 10.9M SUSHI clawback proposals &#8220; According to a governance proposal passed on Jan. 23, decentralized exchange (DEX) SushiSwap will soon redirect 100% of trading fees on the platform to its treasury for operations and maintenance for one year&#8217;s duration. The move came after CEO Jared Grey warned that the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":542998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/93a3a2c5-066e-4bc4-aba2-eb6601199365.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,74863,74868,89215],"class_list":["post-542997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-cryptocurrencies","tag-defi","tag-sushiswap"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/542997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=542997"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/542997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/542998"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=542997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=542997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=542997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}