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SushiSwap CEO Proposes "Deploying New SUSHI Token Economics"

SushiSwap CEO Proposes "Deploying New SUSHI Token Economics" WikiBit 2023-11-08 11:42

SushiSwap CEO Proposes "Deploying New SUSHI Token Economics"

SushiSwap's newly appointed CEO, Jared Grey, has initiated a community proposal to deploy a new tokenomics for SUSHI. The proposal is currently undergoing a community poll. The new token model is built upon principles of protocol sustainability, enhanced token utility, and fund diversification, and includes:

  • Liquidity Subsidies: Improving the efficiency of liquidity subsidies to reduce the annual cost of SUSHI emissions.

  • Value Alignment: Aligning SUSHI's revenue with sustainable emissions.

  • Financial Stability: Addressing the current emissions-to-revenue ratio affecting economic viability to enhance stability.

  • LP Incentives: Realigning incentives for liquidity providers to remain competitive.

  • Staking Mechanism: Consideration of modifications to the xSushi staking.

  • xSushi Distribution: Providing fairer value distribution among participants for xSushi staking.

Additionally, the new economic model is designed to strategically expand through DEX innovations and includes:

  • Transaction Fees: The primary source of income from trading in liquidity pools.

  • Routing Fees: Income from transaction fees acquired through Aggregation Router.

  • Staking Fees: Potential revenue from staking rewards.

  • Partnerships: Opportunities for income growth through strategic partnerships.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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