Sushi Treasury Diversification Proposal Opens for Voting
According to BlockBeats, a new proposal for the diversification of Sushi's treasury is now open for voting, as per data from Snapshot on December 7. Sushi CEO Jared Grey has outlined that currently, 100% of Sushi's treasury assets are held in SUSHI tokens. The proposed diversification strategy aims to reallocate 70% of the treasury holdings into stablecoins, 20% into blue-chip assets such as Bitcoin (BTC) and Ethereum (ETH), and the remaining 10% into DeFi tokens like AAVE.If implemented, the strategy will involve systematically liquidating the current SUSHI holdings within a specified timeframe to minimize market impact. The proposal suggests employing an average cost strategy during the sell-off and executing sales under favorable market conditions. The primary objectives of this proposal include reducing volatility by lessening the impact of SUSHI on the treasury's value, enhancing liquidity by increasing the liquidity of operational and strategic assets, and generating yield through opportunities in staking, lending, or liquidity provision.As of the time of reporting, the proposal has received votes from three addresses, totaling 270,000 SUSHI, all in favor of the proposal.