Jared Grey, the CEO of SushiSwap, recently announced the relabeling of Sushi Labs. Now called Sushi Studios, the framework will perform the same duties while addressing its existing issues.
Sushi started issuing grants from its DAO Treasury to run the ongoing development. This grant system worked fine but limited Sushi’s innovation and market distribution. Nonetheless, Sushi gained strong acquisitions, such as Kasgi, MISO, and Shoyu, through these grants.
While being productive, the products altered the resources and productivity costs for the platform. That is why Sushi Studios will address the concerns to empower the platform with new products. These products will remain outside of the Treasury’s reach and scope.
The new framework will offer a royalty-free license for using the Sushi brand. Thus, it will empower projects to come up with innovative products via the brand. In addition, Sushi DAO will restrict grants and initiatives that affect the DEX product stack.
(By Trevor Holman)
All Comments