Sushi Labs managing director Jared Grey is outlining what's next for the multichain decentralized exchange (DEX) SushiSwap (SUSHI). Grey notes on the social media platform X that the Sushi decentralized autonomous organization (DAO) passed a comprehensive governance overhaul in April that will use a “multi-token ecosystem mandate to launch new Sushi products.
SUSHI has soared by 22% following the announcement of the 'Treasury Diversification Proposal.
SushiSwap (SUSHI) token recently reached a yearly high of $2.64, capturing significant attention in the crypto market before undergoing a slight correction to $2.26 at press time, credited to the profit-taking behaviour of investors.
TL;DR Sushi DAO plans a 2025 of expansion with new products such as Wara, Susa, Kubo, and Blade to improve trading and expand its reach. The platform aims to expand beyond Ethereum, focusing on Solana and other blockchain ecosystems to strengthen its presence.
Sushi's DAO's CEO, Jared Grey (aka head chef), took to X (formerly Twitter) to share Sushi's plans for 2025 as well as the project's accomplishments in 2024. In April 2024, Sushi DAO, the community governance structure behind SushiSwap, a decentralized exchange (DEX) on the Ethereum blockchain, implemented a far-reaching governance overhaul.
Sushi DAO plans to diversify Sushi treasury tokens from 100% SUSHI to a mix of 70% stablecoins, 20% blue-chip tokens, and 10% DeFi tokens.
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.
As the tectonic plates shift in the crypto market, the bulls are on the cusp of starting an altcoin season. Amid this, the DeFi Tokens, mainly DEX tokens, can find an opportunity to reclaim 2021 levels. The native token of Sushiswap, SUSHI, shows such potential if the market turns favorable.
This week's Crypto Biz also explores Tesla's Bitcoin holds, Avalanche's Visa card, Core Scientific's billionaire deal with CoreWeave and Chainlink's pilot for corporate databases.
TL;DR Enhanced Liquidity: Sushi's ‘Super Swap' roadmap aims to improve liquidity across over 35 blockchain networks, ensuring seamless and efficient transactions. Ecosystem Growth: The roadmap focuses on integrating various blockchain networks, simplifying user access, and driving ecosystem growth by attracting more users and developers.
DEX SushiSwap unveiled a roadmap for its future development, promising to “Swap Everything”. The announcement particularly focused on their new Route Processor technology, and how it will impact users.
Sushi expands cross-chain presence with Route Processor technology across 35+ networks, enabling optimized trading routes and deep liquidity access.
On October 21st, Sushi announced its Super Swap roadmap. The roadmap includes various important updates and expansions directed towards improving user experience and operations across different blockchain networks.
The Sushi Super Swap roadmap was launched with expansion on multi-chain expansion, cross-chain aggregation, and the introduction of Blade AMM.
TL;DR Strategic Acquisition: SushiSwap is set to announce a strategic acquisition aimed at enhancing its automated market maker (AMM) and perpetuals (perps) offerings, as revealed by CEO Jared Grey. Growth and Innovation: The acquisition is expected to introduce new DeFi tools and features, positioning SushiSwap as a top competitor among DEXes and aggregators.
Grey hinted that big changes should be expected in the decentralized exchange (DEX) space, particularly in the automated market maker (AMM) and perpetuals (perps) sectors.
As the bull run in the crypto market is picking up pace, multiple low-cap altcoins are rising back from hibernation. With the massive influx of demand, these altcoins are preparing for moonshot rallies in the upcoming bull run. Based on previous bull runs, here are the top altcoins to stack in October for 10x Profits.
SushiSwap price surged 12% in the last 24 hours following the recovery of the crypto market, which spiked 4.1% due to the Bitcoin price recovery. However, this may not be the only contributor to the SUSHI price gain, as the platform just launched Dojo, a new meme coin launchpad, in collaboration with Goat decentralized exchange.
Crypto markets are off to a shaky start, but several events this week could impact portfolios. Traders and investors will be watching closely, hoping to take advantage of the price swings these events might cause.
Popular DEX SushiSwap has unveiled a new launchpad for meme coins called Dojo, created in collaboration with Goat Trading.
SushiSwap, a decentralized exchange (DEX) operating across multiple blockchains, has announced a meme coin launchpad – Dojo. The DEX partnered with another platform, Goat Trading, to implement this initiative.
Decentralized crypto exchange SushiSwap now supports layer-3 protocols on Orbs to bring new order types, including the ability to spread out orders over time.
Decentralized exchange SushiSwap has integrated Orbs' cutting-edge technology to enhance its platform's trading capabilities. The exchange has incorporated the dLIMIT and DCA protocols from Orbs, to allow users to set limit orders and implement dollar-cost averaging (DCA) strategies directly on-chain.
SushiSwap's integration of advanced trading features via Orbs' technology could enhance user experience and drive more volume to decentralized exchanges. The post SushiSwap adds DCA and limit orders by tapping Orbs' technology appeared first on Crypto Briefing.
The cryptocurrency market presents unique opportunities, especially with tokens priced under $1. Among these, the Top 5 cryptos for 2024 stand out as potential profit makers. BlockDAG (BDAG) is at the forefront, showcasing a strong presale performance, defying market trends, and hinting at a rise to $1.
Gala Games launches the Sushi Boat Bash competition in Common Ground World, offering players a chance to win $GALA. The event starts on August 13th.
SushiSwap has not unwound the loans in its deprecated lending protocol, Kashi. Borrowers and lenders find their balances inflated by high interest rates.
ApeCoin (APE) is collaborating with Sushi Labs to unveil the first native decentralized exchange dubbed ‘Saru' on ApeChain.
SushiSwap, which is the most popular decentralized exchange (DEX) on Binance Smart Chain, has been rebranded Sushi Labs.
SushiSwap (SUSHI) shows clear bearish trends on the daily chart, but it is struggling to break key resistance levels.
Sushi Swap, the most active DEX on Binance Smart Chain, is rebranding to Sushi Labs. The DEX will also offer a new derivative exchange for US-based traders.
SushiSwap transitions to Sushi Labs with a new council structure and multitoken ecosystem to address governance and market response issues. The post SushiSwap dissolves DAO, repositions as Sushi Labs with new council structure appeared first on Crypto Briefing.
SushiSwap is now Sushi Labs, an autonomous company that replaces the ecosystem's decentralized autonomous organization.
SushiSwap, a decentralized exchange platform, has integrated with Rootstock, marking a significant milestone in decentralized finance (DeFi). This collaboration allows SushiSwap to expand its reach into the Bitcoin ecosystem, offering users advanced trading functionalities in a secure and decentralized environment.
TL;DR SushiSwap integrates with Rootstock, an EVM-compatible Bitcoin sidechain. The integration allows Sushi users to access advanced trading functionalities on Rootstock. This collaboration strengthens the interconnection between Bitcoin-Fi and DeFi, providing more options to include Bitcoin in the DeFi ecosystem.
SushiSwap, a decentralized exchange, has launched on the Bitcoin sidechain Rootstock, marking a significant milestone for Bitcoin's DeFi capabilities.
Rootstock's goal is to combine the security of the Bitcoin network with the smart contract capabilities of Ethereum.
During the intraday trading session on June 2, Sushi's (SUSHI) Age Consumed metric rose to a seven-day high, suggesting that previously dormant tokens have begun to change hands.
SushiSwap joins forces with Binance-backed GoPlus Security in a move that promises to save millions in user losses.
DEX users trading new or unknown tokens are constantly at risk of losing funds due to a variety of scams perpetrated by the token issuer.
The decentralized finance (DeFi) sector faced significant turbulence this week, particularly SushiSwap, a notable DeFi protocol, which saw its token SUSHI plummet by over 18%.
More than 62% of SushiSwap voters backed the move to a ‘labs model' in a signal vote on April 10, showing support for the DEX's shift toward a less decentralized business structure.
A contentious proposal by the SushiSwap (SUSHI) team to restructure its treasury appears set to advance, despite facing vocal opposition and accusations of voting manipulation. The proposal, put forth by the SushiSwap team on March 26, aims to transition the protocol to a “Labs model” to enhance operational efficiency and accelerate protocol development.
Proposal seeks to move $40 million+ assets to new entity managed by Sushi Labs.
The governance proposal suggests transferring more than $40 million in DAO-controlled treasury assets to a new vault managed by Sushi Labs.
“The leadership team has been laying the groundwork for several months to reach this pivotal moment,” former SushiSwap contributor B.Naïm told Decrypt. “I am both concerned and unsurprised.
A proposal to restructure SushiSwap's decentralized autonomous organization (DAO) and treasury has stirred widespread controversy, dividing the community. On April 3, 2024, the team behind the decentralized exchange (DEX) SushiSwap proposed a plan to increase agility and drive innovation.