DeFi platform Sushiswap (SUSHI) is having problems with its treasury, according to a governance proposal from project developers.
The heavy bear trend in the crypto industry has also put the assets of many projects in jeopardy. Especially DeFi and decentralized exchange institutions faced liquidity problems. Treasures, which were kept in the corner as collateral and assets, started to become a worry for the future. In the midst of all these processes, a new development took place on the SUSHI side as well. SUSHI has encountered a deficit in its treasury that threatens its long-term operational viability.
Sushiswap Developers Made a New Proposal
The developers of the decentralized exchange and DeFi project Sushiswap (SUSHI) brought the problems experienced in the treasury part of the platform to the community.
After a review of expenditures on the SUSHI side, the annual track requirement of the project was reduced from $9 million to $5 million. However, the developers of the project stated that the treasury can still provide an 18-month runway.
Wanting to fix the gap, SUSHI developer Jared Gray made a proposal regarding Kanpai, a fee diversion protocol. According to this proposal, Kanpai will transfer 100 percent of the fees to the treasury for one year and until the new token distribution plans are implemented.
The developers argued that this proposal was a solution to a long-term problem. Also, according to the developers, the implementation of the new plans will take time.
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