The Return of xSushi: Sushi Community Reverts to Original Model
The Return of xSushi: Sushi Community Reverts to Original Model
Sushi is returning to its original xSushi model as the expiration date for Kanpai 2.0 approaches. The decision comes after a lack of community support for a proposal to update the token model. Sushi has completed minting its total 250M supply and plans to cease emissions. The community is excited to see the power of decentralized ownership attract liquidity across networks.
SushiSwap Governance Update
**SushiSwap's governance process is evolving:** - A new proposal suggests implementing a 'Kanban' system for tracking and managing governance tasks. - This system aims to improve transparency and efficiency in decision-making. - The community is encouraged to review and provide feedback on the proposal. **Key points:** 1. The Kanban system will categorize tasks into 'To Do', 'In Progress', and 'Done'. 2. It will help prioritize and visualize the workflow of governance activities. 3. Community members can easily track the status of various initiatives. *Your input matters.* Review the proposal and share your thoughts to shape SushiSwap's future governance process.
Web3 Newsletter: Crypto Market Update
The crypto market continues its steady trajectory, with no major price swings or notable events in recent days. Bitcoin and Ethereum maintain their positions, while altcoins show mixed performance. DeFi protocols report stable TVL figures, and NFT trading volumes remain consistent with previous weeks. Regulatory discussions are ongoing in various jurisdictions, but no significant policy changes have been announced. The Web3 ecosystem sees continued development, with several projects making incremental progress on their roadmaps. As always, investors are advised to conduct thorough research and exercise caution in this volatile market.
Sushi Bar Returns with Exciting Features
The Sushi Bar is back and it brings exciting features for the community. Users can now stake SUSHI and receive xSUSHI, which represents their stake in the Sushi Bar. Additionally, stakers will receive a share of trading fees, with 0.05% of the standard trading fees going to xSushi stakers. Moreover, users can earn SushiPowah by voting in Governance. Don't miss out, start staking now!
Sushi Community Rewards Program Update
Sushi community announces that all 250M $SUSHI tokens are now fully circulating. V2 rewards will end today, while V3 rewards will conclude around December 8. Projects can still offer their own token as rewards. There are 14 days left for Merkl. The UI is being updated for clarity. Sushi Bar update is coming soon to add the staking interface back to the main UI.
Arbitrum Odyssey Mission Date Extended
The Arbitrum Odyssey mission date has been extended due to overwhelming response. The new time frame for the mission is 11/20/2023 12:00 PM EST to 11/27/2023 12:00 PM EST, and for badge claim is 11/20/2023 12:00 PM EST to 11/30/2023 12:00 PM EST. Join now!