Sushi DAO votes to send all fees to treasury but it was a fight between whales

12/19 23:48

According to The Block, two large entities effectively decided the Sushi DAO vote to direct all fees generated by the SushiSwap decentralized exchange to the protocol’s treasury. The move will mean that sushi token holders will no longer receive rewards from trading fees on the exchange for a year or so, with the fees going to the project's treasury. GoldenChain, the digital investment arm of venture capital outfit Golden Tree, and a wallet closely tied to crypto trading firm Cumberland were the two entities. Together, they contributed 10 million sushipowah tokens — the Sushi DAO governance token — to push through the vote, according to data from the Snapshot voting page. Their combined voting power accounted for 91% of the 11 million tokens that were cast in support of the plan.

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