SushiSwap is making good on its January promises to launch a derivatives trading platform. But instead of building it from scratch, it’s gone out and bought one.The popular Ethereum-based decentralized exchange (DEX) announced the acquisition of Vortex Protocol today for an undisclosed amount.

Decentralized exchange Sushiswap is launching a decentralized perpetual futures exchange on the Sei Network, “Head Chef” Jared Grey said at a conference in Miami.

SushiSwap, the sixth-largest decentralized exchange (DEX) by 24 hours trading volume, has passed a proposal to relocate 100% of its trading fees to the SushiSwap treasury for maintenance and expenses.

According to a governance proposal passed on Jan. 23, decentralized exchange (DEX) SushiSwap will soon redirect 100% of trading fees on the platform to its treasury for operations and maintenance for one year's duration. The move came after CEO Jared Grey warned that the exchange "only has 1.5 years of treasury runway left," even after slashing annual operating expenses from $9 million to $5 million amids the ongoing crypto winter. 

Sushi DAO is set to implement a governance action that will see all fees generated by the SushiSwap decentralized exchange diverted to the DAO’s treasury, following the results of its latest vote on Monday.

On 17 January, SushiSwap [SUSHI] announced its plans for the future. These plans included improving the ecosystem by supporting independent NFT collections and launching their aggregator routers. The developments could help the current state of the exchange and boost the declining number of users in its protocol.

Leading decentralized exchange (DEX) platform SushiSwap is looking to increase its market share by 10x with the proposed launch of its DEX aggregator router and decentralized incubator in the first quarter of 2023.

Just a month after warning of a "significant deficit" in its treasury, the CEO of decentralized exchange (DEX) SushiSwap has shared several planned updates to the platform which it says is intended to "10x" its market share in 2023. Sushi CEO Jared Grey laid out the plans for the decentralized finance (DeFi) platform in a Jan. 16 Medium post saying it will focus on its product stack in line with prior plans to make Sushi more sustainable, "Sushi commands ~2% of the AMM market & 0% of the aggregation market. By executing our vision, we intend to 10x our market share in 2023." (Cointelegraph)

In a 2 January development, SushiSwap’s [SUSHI] CTO stated that they would be abandoning their lending protocol, Kashi, in Q1. They would also halt additional developments on their token launchpad, MISO.

SushiSwap, a notable decentralized exchange, has announced plans to deprecate two of its offerings — the Kashi lending platform and MISO token launchpad — its chief technology officer, Matthew Lilley, noted.