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SushiSwap CEO Proposes New Tokenomics for Liquidity, Decentralization

Jared Grey, CEO of the decentralized exchange Sushiswap, has plans to redesign the tokenomics of the SUSHI token, according to a proposal introduced on Dec. 30 in the Sushi's forum.

As part of the new proposed tokenomics model, time-lock tiers will be introduced for emission-based rewards, as well as a token burning mechanism and a liquidity lock for price support. The new tokenomics aims to boost liquidity and decentralization in the platform, along with strengthening "treasury reserves to ensure continual operation and development," noted Grey.

In the proposed model, Liquidity Providers (LPs) would receive 0.05% of swap fees revenue, with higher volume pools receiving the biggest share. LPs will also be able to lock their liquidity to earn boosted, emissions-based rewards. The rewards are forfeited and burned, however, if they are removed before maturity.

(By ANA PAULA PEREIRA)

SushiSwap SushiSwap $0.80
+1.47%
SushiSwap DeFi
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