Sushi DAO Proposes Strategy to Increase Liquidity By Selling All SUSHI Tokens
Sushi DAO plans a bold treasury overhaul, proposing the sale of all SUSHI tokens for stablecoins and top crypto assets. Community input will shape the final decision.
Sushi DAO, the organization governing the Sushi Swap decentralized exchange, has proposed diversifying its treasury assets. Under the proposal, Sushi’s treasury will go from 100% SUSHI tokens to a mix of stablecoins and other assets.
This non-binding proposal will seek community feedback from the DAO, especially on specific variables, before an official vote.
SUSHI Tokens Could Face Liquidation
This proposal comes from Jared Grey, the “Head Chef” at Sushi. He plans to sell all of the exchange’s SUSHI tokens and use the proceeds to acquire new assets. Gery claims that this operation would reduce the platform’s volatility risks, enhance liquidity, and generate higher returns.
“As the Sushi DAO continues to evolve, it is crucial to ensure the sustainability and growth of our treasury. The DAO ultimately holds its treasury in SUSHI tokens, which exposes it to high volatility and liquidity challenges. This proposal outlines a strategy for diversifying the treasury assets to mitigate risks and enhance long-term stability,” Grey stated.
Although this token was initially created for governance, the DAO operates under different rules today. A governance vote will decide the proposal’s success or failure.
If implemented, all these tokens will gradually sold, and the proceeds will acquire a new treasury: 70% stablecoins, 20% “blue chip” cryptoassets (BTC, ETH), and possibly 10% other DeFi tokens.
The proposal also specifies that any remaining emergency fund will consist of stablecoins. These assets will also cover future strategic investments and operational expenses of Sushi Swap.
In other words, it’s quite clear that there is no remaining proviso to retain any SUSHI token holdings. This complete liquidation would create a remarkable policy shift.
Grey also defended a controversial restructure at Sushi DAO in April this year. Around this time, the price of the SUSHI token plummeted nearly 20%, but it has been steadily recovering recently. The token is up nearly 130% in the last month, and this proposal hasn’t arrested the trend.
![Sushi DAO Proposes Strategy to Increase Liquidity By Selling All SUSHI Tokens image 0](https://img.bgstatic.com/multiLang/image/social/6935c7725cf93bec37ee539d5f3a4f131733527804272.png)
At the moment, the policy’s chances of success are unclear. This proposal is an attempt to receive community feedback to refine a fully-binding governance vote.
For example, some variables, like the SUSHI liquidation rate or the DeFi tokens’ inclusion, are currently unspecified. For now, these and other practical questions are up for debate in the DAO.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BERAUSDT now launched for futures trading and trading bots
US watchdog lodges complaint with DOJ, OGE over President Trump's official memecoin
Public Citizen has complained to the DOJ and OGE, calling for an investigation into President Trump over alleged federal violations related to his official memecoin launch.Federal law strictly regulates payments to government officials and bars gift solicitation, the watchdog said.
![](https://img.bgstatic.com/multiLang/image/social/2cfcb688560d99f8737a3ecfa4d2b03f1738854043391.jpg)
Ondo Finance expands onchain offerings with new Layer 1 blockchain
Franklin Templeton, Wellington Management and WisdomTree, among others, will advise on the design of Ondo Chain.Ondo Finance on Tuesday launched Ondo Global Markets, designed to open onchain exposure to stocks, bonds and ETFs.
![](https://img.bgstatic.com/multiLang/image/social/a8e3bf33a8b80f557c5ad8faf048fbd71738854043168.png)
BNB Chain's test memecoin surged to a $52 million market cap minutes after CZ posted about it
A BNB Chain test memecoin (TST) soared to a $52 million market cap within minutes of Changpeng “CZ” Zhao’s X post mentioning “happy trading!”Zhao clarified that TST is not an official BNB Chain token and that no one from Binance holds it.
![](https://img.bgstatic.com/multiLang/image/social/e3d18472efca32319251e978b2a88bd41738854043286.jpg)
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)