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DeFi Protocol Sushi to Shutter Lending Product to Focus on DEX

Altszn.com by Altszn.com
January 3, 2023
in Blockchain, Crypto, DeFi, Web3
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DeFi Protocol Sushi to Shutter Lending Product to Focus on DEX
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As CoinDesk reported, the Sushi treasury provided for only 18 months of runway calculated from the first week of December, causing a significant deficit in its treasury. Lead developer Jared Gray proposed setting Kanpai, a fee-diversion protocol, to 100% of fees diverted to the treasury multisig for one year at the time, or until new token distribution and reward schemes were implemented.

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Read More: www.coindesk.com

Tags: DeFiDEXFocuslendingproductProtocolShutterSushi
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