The proposal to create Sushi Labs as a central managing entity has received substantial support on a signal vote, despite concerns over Treasury stability and governance.
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.
Tokenholders would still decide on treasury allocations, but without getting into operational details. The Labs would receive 25 million SUSHI tokens, worth nearly $39 million at current prices. In addition, Sushi Labs will be designated as the exclusive recipient of any future airdrops from affiliated protocols and partners.
A signal vote is an initial step to gauge the community’s interest or opinion on a proposal without implementing any changes. An implementation vote, on the other hand, is a subsequent step where the community decides if the proposal should be executed.At Sushi’s governance forum, several community members expressed their opposition to the proposed plan, voicing concerns regarding Treasury’s financial stability and allegations of voting power manipulation.
“It appears that Sushi DAO is at the end of its journey,” said another member on the governance forum.
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