The SushiSwap community has put forward a major proposal aimed at reshaping project governance and enhancing the token economy. The proposal highlights the failure of Kanpai 2.0, stating that the Sushi token has lost its primary value over the past year. The termination of the Kanpai 2.0 program will return 100% of fees to xSUSHI holders.
The proposal also recommends implementing a transitional governance solution to ensure token holders are fully heard. Over the next 30 days, an election will be held to select a seven-member management committee that will be responsible for developing a new governance constitution, publishing a financial status report of the DAO and discussing a new token economic model roadmap. This management committee will work over a six-month period to quickly implement any new concepts and ensure that Sushi Swap can adapt to the upcoming bull market.
The initiators of the proposal called for community participation, arguing that the core team would no longer be required to review proposals to achieve greater decentralized governance. Proposals will receive feedback for 7 days before being submitted to Snapshot voting.