SushiSwap to Undergo Comprehensive Tokenomics Redesign

• SushiSwap’s tokenomics is set to be redesigned, focusing on decentralization and incentivizing liquidity.
• The proposed tokenomics will aid in providing more governance and sustainable economics for SushiSwap.
• The majority of the swap fees will go to the pools that produce the most volume, while providing a fee share to liquidity providers from the 0.05% swap fee.

SushiSwap, a decentralized exchange platform, is set to go through a comprehensive redesigning process soon of its tokenomics. The changes will focus on promoting decentralization and incentivizing liquidity. The proposal, pitched by Sushi’s CEO Jared Grey, seeks to promote value and utility, in addition to incorporating novel concepts that will help promote maximum value for the DEX and its stakeholders.

Under the proposed tokenomics, the majority of the swap fees will go to the pools that produce the most volume, while providing a fee share to liquidity providers from the 0.05% swap fee. The liquidity providers will have the option to lock their liquidity to earn boosted, emissions-based rewards. As for xSushi, time-locked tiers will be rewarded based on emissions.

Additionally, the proposed tokenomics will aid in providing more governance and sustainable economics for SushiSwap. A variable percentage of the swap fee will be used to facilitate the buyback of Sushi to permanently take it out of circulation by burning. This percentage will be contingent on the total time-lock tiers selected.

This proposal comes less than a month after SushiSwap’s community and token rebranding. The rebranding saw the DEX’s token renamed to SUSHI and its community governance token renamed to xSUSHI. The rebranding also saw the launch of a new type of liquidity mining, which has been a major factor in the DEX’s success.

With the proposed rebranding and tokenomics changes, SushiSwap aims to promote a more decentralized and sustainable economy. The DEX also seeks to provide incentives to liquidity providers and to bolster its treasury reserves to ensure continual operation and development.

Overall, these changes are expected to promote a more efficient and secure DEX, with improved liquidity and better reward systems for users. As such, these proposed changes could potentially be beneficial to SushiSwap and its stakeholders in the long run.