Sushiswap (SUSHI) revealed a change to its protocol governance process on Tuesday following the introduction of Sushi Labs. 

Sushiswap Reveals Sushi Labs Will Replace DAO

Decentralized exchange Sushiswap has incorporated Sushi Labs, its newest board structure, to replace the Decentralized Autonomous Organization (DAO).

According to Sushi's blog post, the DEX has not seen much development in the current bull cycle compared to other DeFi projects, partly due to many challenges with its DAO. In March, a proposal called Buru no Shinka was put forward. This proposal became the basis for the founding of Sushi Labs.

“Sushi Labs is a self-managed, technical and operational company or group of companies responsible for product development and management within the Sushi ecosystem,” the proposal states.

After some discussion within the SUSHI community, the proposal was approved, leading to the birth of Sushi Labs.

Sushi Labs will operate with a new board structure consisting of four core members: Sushi High Kitchen, Treasury Council, Grants Council, and Ambassadors Council. “They will ensure effective and strategic execution,” the Sushiswap team said.

Sushi Labs will also oversee key ecosystem projects, including WARA, SUSA, and multi-token product suite.

Sushi Labs Roadmap

Sushi Labs will lead new product development, execute Sushi's ecosystem strategy, and explore solutions to enhance Sushi's offerings. Key projects under the management of Sushi Labs include:

Route Processor: Route Processor is Sushi's swap and aggregation engine, a key component to providing users with the best swaps by accessing liquidity from various sources. Version 5, currently being tested, promises to enhance its utility and market value, strengthening Sushi's position in the DeFi sector.

Multi-Token Product Suite: Sushi Labs aims to minimize the risks associated with multi-product development by introducing a multi-token strategy. This approach will spread product costs, provide maximum rewards, and tap into high-growth areas.

Susa (ETH-based Decentralized Exchange): the first fully on-chain decentralized exchange (DEX) using an order book with ETH-based perpetual contracts, powered by Layer N, will provide a centralized exchange. Susa, with its fully on-chain status, offers the benefits of decentralization including transparency and security, and aims to attract users looking for advanced perpetual contract trading in the DeFi ecosystem.

Franchised/Native DEXs: To increase market presence and liquidity, Sushi Labs is developing franchised or native DEXs tailored for specific blockchain ecosystems. Examples include:

Wara (Solana): A DEX that leverages Solana's fast and scalable blockchain infrastructure to provide a seamless trading experience.

Saru (ApeChain): A DEX, in partnership with ApeChain, aimed at expanding into high-growth markets and attracting a broader user base.

Sushi Network/Appchain: Sushi Labs is exploring the potential of launching a private Sushi network or appchain. This initiative aims to support a comprehensive range of DeFi products, providing greater scalability and customization and the potential to increase the cohesion of products within the ecosystem.

Sushi DEX will remain the core decentralized exchange platform, focusing on providing liquidity and trading services. It will benefit from innovations and products developed by Sushi Labs, enhancing functionality and user experience.

Source: https://tapchibitcoin.io/sushiswap-ra-mat-sushi-labs-de-thay-the-dao-hien-tai.html