The SushiSwap community has approved the Sushi Strategic Reserve + Revised Buyback Program in two rounds of voting. Starting September 7th, the protocol will make weekly SUSHI purchases into the Strategic Reserve, and beginning October 1st, monthly xSUSHI buybacks will go live.
A SushiSwap governance proposal called for transferring assets out of the DAO-controlled treasury (~$25M SUSHI to Sushi Labs) and routing future airdrops to a Sushi Labs vault, sparking centralization backlash.
SushiSwap rolled out v3 concentrated-liquidity pools on 13 chains (Arbitrum, Avalanche, BNB Chain, Ethereum, Optimism, Polygon and others), following the expiration of Uniswap v3's Business Source License.
A reentrancy/approve-related bug in the RouterProcessor2 contract, launched four days earlier, was exploited; users were urged to revoke approvals on all chains while white hats recovered over 1,000 ETH.
The pseudonymous creator transferred the withdrawn ether back to the original developer-fund wallet and apologized, saying the community would decide any reward he deserved.
SushiSwap initiated its migration process, moving over a billion dollars' worth of liquidity from Uniswap to its own platform.
Facing community pressure, Chef Nomi turned the SushiSwap smart-contract private key over to Bankman-Fried, who took de facto control and postponed the planned migration.
Over the first September weekend, Chef Nomi sold his SUSHI holdings and moved roughly 38,000 ETH, crashing the SUSHI price about 73% and triggering accusations of an exit scam.
Pseudonymous developer "Chef Nomi" launched SushiSwap, forking Uniswap's smart contracts almost verbatim and adding the SUSHI token and an incentive system rewarding liquidity providers. SUSHI minting began at Ethereum block 10,750,000.
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