CEO Jared Grey also outlined his plans to reform the DEX, but remained secretive on the details for now.
by SushiSwap CEO Jared Grey, the decentralized exchange, or DEX, experienced a $30 million loss in the past 12 months on incentives for liquidity providers, or LPs. As explained by Grey, SushiSwap currently employs a token-based emission strategy to incentivize LPs, but the current rate is"unsustainable."
"We commissioned Flipside to build dashboards to showcase these results; we'll make them available by EOY." Moving forward, Grey plans to rework SushiSwap's tokenomics so that LPs are no longer subsidized with emissions and redesign the entire model of bootstrapping liquidity on the exchange."In Q1 2023, we will bring innovation to scale swap volume & prioritize TVL. As LPs experience a more profitable swap experience, others should migrate to Sushi," wrote the DEX executive.thread.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Party for Socialism and Liberation announce ‘Install Hayes as CEO now’ protestThe Party for Socialism and Liberation (PSL) announced 'Install Hayes as CEO now' protest at the Indianapolis Public Library following the recent decline of the appointed CEO.
Read more »
NC Treasurer Says BlackRock CEO Should 'Resign or Be Removed'North Carolina Treasurer Dale Folwell sent a letter to asset manager BlackRock, saying its CEO, Larry Fink, needs to “resign or be removed” from the firm’s leadership over his obsession with pursuing a leftist “political agenda.”
Read more »
DFW Airport gives CEO Sean Donohue a $44,000 raise as travel reboundsDFW Airport has been the nation’s second busiest airport and its CEO is among the highest-paid in the country.
Read more »
Binance locks withdrawals for some accounts amid what CEO calls 'just market behavior'Abnormal price movements on Binance sparked an internal investigation that led to its CEO concluding they were 'just market behavior.'
Read more »
Polygon Studios CEO on Partnership With StarbucksPolygon’s business-development team has managed to land partnerships with major brands entering the Web3 space, including Nike, Reddit, Meta and Robinhood. Polygon Studios CEO Ryan Wyatt, who made CoinDesk's Most Influential 2022 list, discusses the details of their latest collaboration with Starbucks and his outlook for mainstream adoption of crypto.[reward]f04ed034-4c75-4feb-957d-96b1f4366467[/reward]
Read more »
SBF 'didn't like' decentralized Bitcoin — ARK Invest CEO Cathie WoodBitcoin is too “decentralized and transparent” for former Sam Bankman-Fried, says Cathie Wood.
Read more »