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News

Sushi DAO Financial Proposal Passes Preliminary Signal Vote With 62.5% Support!

April 10, 2024 - Around 2 mins mins to read

Key Points:

  • Proposal seeks to move $40 million+ assets to new entity managed by Sushi Labs.
  • Initial signal vote passes with 62.5% support; implementation vote at 83%.
  • Critics claim core team created new wallets to sway voting power.
Sushi DAO has pushed forward a contentious financial proposal through its initial signal vote.
Sushi DAO Financial Proposal Passes Preliminary Signal Vote With 62.5% Support!

The proposal, aiming to transfer over $40 million in financial assets under the Sushi DAO’s control to a newly formed entity managed by Sushi Labs, has ignited heated debates among stakeholders.

The proposal, which surfaced recently, has triggered intense scrutiny, particularly due to its magnitude and potential implications for the Sushi DAO’s future. Critics have raised concerns regarding the transparency and fairness of the decision-making process, alleging that the core development team may have manipulated the vote to consolidate power.

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$40 Million+ Shift Sparks Community Debate

Sushi DAO Financial Proposal Passes Preliminary Signal Vote With 62.5% Support!

Accusations have surfaced, suggesting that the core development team orchestrated the creation of new wallets prior to the vote, possibly to inflate their voting power and sway the outcome in favor of the proposal. These allegations have cast a shadow over the legitimacy of the signal vote, prompting calls for thorough investigations into the matter.

Despite the backlash, the proposal managed to secure a 62.5% support rate in the initial signal vote, signaling a significant level of backing from the community. However, dissenting voices remain vocal, expressing skepticism and distrust toward the process.

As the proposal progresses through the implementation phase, currently underway, the controversy shows no signs of abating. The ongoing implementation vote, with a current support rate of 83%, is slated to conclude on April 17, further intensifying the spotlight on Sushi DAO’s decision-making mechanisms.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Sushi DAO

Sushi DAO Financial Proposal

Sushi DAO Proposal

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