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Sushi DAO Implements Proposal To Direct All Trading Fees to Treasury

Sushi DAO is set to implement a governance action that will see all fees generated by the SushiSwap decentralized exchange diverted to the DAO’s treasury, following the results of its latest vote on Monday.

Sushi’s new “Kanpai” ratio now goes into effect following the vote. Kanpai is SushiSwap’s fee-diversion protocol. It enables the DAO to determine how much of the exchange’s trading fees can be sent to the treasury. The default Kanpai ratio is 10% but this vote has now raised the figure to 100%.

The new Kanpai ratio will last for one year or until the DAO adopts a new tokenomics model. The date of the previous signal vote — Dec. 19, 2022 — was chosen as the effective starting date for the new ratio. As such, the Kanpai ratio should revert to its original form on Dec. 19, 2023, unless a new tokenomics model is adopted before then. Sushi token holders will not receive rewards from trading fees during this period.

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