🔥 Sudoswap Governance Proposal Burns Mint Power
🔥 Sudoswap Governance Proposal Burns Mint Power
🔥 Burning the Mint Key
A governance proposal for sudoswap AMM seeks to permanently remove the protocol's ability to mint new tokens by burning the governance module's minting power.
Key Details:
- Voting begins in 2 days
- Voting period lasts 3 days
- Proposal becomes executable on-chain if passed
Purpose: The change aims to eliminate governance risks associated with the mint function, providing stronger security guarantees for token holders.
This represents a significant step toward protocol immutability and reduced governance attack surface.
The proposal also burns the governance's module power to mint new tokens, to remove governance risks with regards to the mint function. Voting starts in 2 days and the voting period then ends 3 days after, after which the proposal becomes executable on-chain if it passes.
SUDO Governance Proposes Ragequit Contract Funded by Protocol Fees
A governance proposal is live on Tally for sudoswap to establish a ragequit mechanism for SUDO token holders. **Key Details:** - The proposal would fund a smart contract using 400 ETH accumulated from protocol fees - SUDO holders could exchange their tokens at a fixed rate of 0.0000156 ETH per SUDO - This provides an exit option for token holders who wish to leave the protocol The ragequit contract would allow participants to redeem their governance tokens for a proportional share of the treasury. Vote and review full details on [Tally](https://www.tally.xyz/gov/sudoswap).
Sudoswap Launches on Berachain with LP Rewards Program
Sudoswap has officially launched on Berachain, introducing a significant liquidity provider (LP) incentive program. - Over 34,000 $BERA tokens will be distributed to mainnet LPs - Rewards based on trading volume over 6 months post-mainnet launch - Eligible collections include: * Official Berachain collections * Bullas * Yeetards LPs can start providing liquidity now to participate in the rewards program. Full program details and mechanics to be announced soon.