SushiSwap governance proposal suggests shifting DAO treasury assets to new Sushi Labs vault

A board proposal from SushiSwap suggests transferring assets from the DAO-controlled treasury to a new one controlled by Sushi SUSHI

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Labs, while also ensuring that all future airdrops are routed to the Sushi Labs vault.

“We request that Sushi DAO award a grant of 25 million Sushi tokens to Sushi Labs, including assets from the Arbitrum airdrop, business development and partner grants, Kanpai 2.0, Sushi 2.0, rewards, stablecoins and ‘Sushi House’ funds, ” the proposal from SushiSwap developer Jiro said.

The proposal also stipulated that the new Sushi Labs entity would be the sole beneficiary of future airdrops granted to Sushi by protocols and partners.

Evolution of the Sushi Ecosystem

According to Jiro, this proposal aims to evolve Sushi by adopting a laboratory model, “restructuring the current organization to improve operational efficiency and accelerate protocol development.”

The developer added that the move is necessary because current SushiSwap management procedures “require more flexibility to accelerate our development pace.” Additionally, the proposal is intended to “give Sushi Labs full and sole operational responsibility for core product development.”

Generally, a crypto lab conducts research and development to promote the protocol, while a DAO is a decentralized governing organization and its decisions are generally not centralized.

SushiSwap ‘Head Chef’ Jared Gray told The Block that the proposal is part of a necessary restructuring of the governance model, for the benefit of both Sushi holders and the DAO. “The purpose of our proposal is to optimize the relationship between the operational element and the DAO,” he said. He added that the proposal provides a path forward for shipping products faster and ensuring operational continuity and DAO autonomy.

However, the proposal has been criticized in the form of X.com to inform from individuals formerly associated with SushiSwap who have questioned the extent of the transfer from the DAO-controlled treasury to the Sushi Labs vault.

Vote for the proposal will be finalized on April 10, and the current snapshot shows 68.46% against it and 31.54% in favor.