The decentralized exchange (DEX) SushiSwap will, in the near future, redirect one hundred percent of the trading fees charged on the platform to its treasury to pay for ongoing operations and maintenance over a period of one year. This decision was made in accordance with a government proposal that was approved on January 23.

After receiving a warning from the CEO that the market could become potentially unstable, the decision was made to take action “Even after reducing annual operating expenses from $9 million to $5 million in the midst of the prolonged crypto winter, you barely have enough of a clue in its treasury to last another 1.5 years.

Should this proposal be accepted, the revenue coming into the treasury will be divided between ETH and USDC so that they are equal to each other, and it is anticipated that these revenues will total around $6 million over the course of the next year. “

In a second motion that was put to a vote and passed the same day, 99.85 percent of voters decided to “take back” 10,936,284 SUSHI tokens with a total value of $14.8 million. These tokens were distributed to the first liquidity providers at the DEX launch in 2020, but no one claimed them. The motion was approved.

SushiSwap users who provided trading liquidity for the exchange during the months of August 2020 and February 2021 were eligible to claim the rewards, which had been made available to users for over two years at that time.

Several of the commenters said that “people have earned their SUSHI fairly”, and that their title to these assets should not be negated by this fact. In addition, they affirmed that “people have earned their SUSHI in their fair measure”.

Others have expressed support for the recall on the grounds that it removes “inactive SUSHI that may have superior use.”

The money will be transferred to the common account using SushiSwap.