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SushiSwap to Launch Claims Website for Vested SUSHI Tokens

DeFi trading protocol SushiSwap is preparing to launch a claims website for vested SUSHI tokens held in the protocol’s Merkle Distributor contract, pending an audit, SushiSwap Head Chef Jared Grey said Wednesday on Discord.

The announcement of the claims website’s launch comes shortly after the SushiSwap community voted in favor of a “clawback” proposal that would require token holders to either claim their vested SUSHI tokens from the protocol’s Merkle Distributor or forfeit them. Sushi's Merkle Distributor contract currently holds Sushi LP token rewards for early liquidity providers to claim SUSHI tokens vested in October 2021. 

The clawback comes as the trading platform faces mounting financial pressures after the SEC subpoenaed Grey in late March. Grey has proposed using millions of dollars from the protocol’s treasury to fund a legal defense for himself and the protocol’s key developers in preparation to fight against potential regulatory actions.

Claims will expire on April 23 at 13:00 UTC. Unclaimed tokens will go to SushiSwap’s treasury.

(by Stephen Alpher)

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