Sushi DAO CEO Jared Grey (aka head chef) has shared Sushi’s plan for 2025. He took to X (formerly Twitter) to share the organization’s achievements in 2024 sharing its big plans for 2025.
In April, Sushi DAO implemented an overhaul of its governance, leading to the creation of the Sushi DAO Foundation and Sushi Labs. The decision was taken to improve the multi-token ecosystem. Notably, Sushi DAO is the autonomous organization that acts as the governance structure behind the Ethereum-based decentralized exchange (DEX) Sushiswap.
Sushi CEO promises an eventful 2025
According to the Sushi CEO’s post on X, the organization intends to have an eventful 2025. In the post, Grey mentioned the launch of several products including Wara, Kubo, Blade, and Susa. The products are expected to elevate the trading services and market reach of Sushi. The new products will also enable the Sushi franchise to integrate into other blockchains such as Solana, as it looks to extend its reach away from Ethereum.
One such product that Grey mentioned is Susa, a perpetual DEX that will use the N1 network’s capabilities to improve the performance of on-chain order books to promote efficiency. He also said Wara exchange will provide Solana users with a wholesome trading experience. As a new DEX on Solana, it will rival platforms like Raydium and Orca.
Wara exchange’s advantage ahead of the others will be its degenerate trading features. It will benefit the meme coin market, providing services to the crypto population that has maintained narratives since the beginning of the bull run. Kubo, another product will be used to bootstrap new markets using delta-neutral strategies. Finally, the Sushiswap aggregator, which is in production, will be designed to scale integration by integrating new partners.
Sushi lauds 2024 accomplishment
Alongside the organization’s aspirations for 2025, Grey highlighted what they were able to achieve this year. In his post, he talked about the governance overhaul among other things that were done in 2024. An integral accomplishment was finalizing the Sushi DAO foundation and Sushi Labs to promote its interest using a multi-token ecosystem. He also said the ecosystem will be integral in launching the new products next year.
He highlighted that moves were taken to expand the brand by taking its product stack and integrating it on another chain. The reach of a chain like Solana would enable Sushiswap to expand beyond its native EVM roots. He also explained its DEX Susa, discussing why Sushi opted to build another DEX. “This one is built on N1, the most performant network for on-chain order books,” he said.
Sushi also proposed liquidating all its SUSHI tokens with plans to diversify its treasury. The plan is still subject to a vote, but it will involve adding 70% stablecoins while filling the remaining 30% with other tokens. According to Grey, the plan will remove volatility and boost liquidity. There are also talks of the Sushi Labs model, moving $40 million from a treasury controlled by the DAO to one controlled by Sushi Labs. However, the proposal met mixed reactions, with members complaining about centralization.
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