Jared Grey, CEO of the decentralized exchange Sushiswap, has plans to redesign the tokenomics of the SUSHI token, according to a proposal introduced on Dec. 30 in the Sushi's forum.

Jared Grey, the "Head Chef" of decentralized exchange Sushiswap, proposed changing the exchange's tokenomics in the hopes of reviving the protocol after a tough year.

SushiSwap’s [SUSHI] CTO revealed what the SUSHI network was up to during the last two quarters of this year.

For my part, it is obvious that Sushi is no longer a real community project, and that they are ready to sacrifice a lot to keep (or increase) their salary, despite the bear market.

<a href="https://cryptoslate.com/coins/sushiswap/">SushiSwap</a> Head Chef&nbsp;<a href="https://cryptoslate.com/new-sushi-head-chef-promotes-asset-backed-tokens-receives-83-of-vote/">Jared Grey</a> has disclosed that the DAO will spend about $5.2 million for its operating costs in 2023, with over 80% of the budget going to salaries.

Decentralized exchange SushiSwap is discussing a new proposal to direct all of the fees paid to xSushi holders into its treasury wallet for a year to provide financing for its operations.

The team at Abracadabra is extremely concerned at the present moment. It has earnestly reached out to SushiSwap, to effectively carry out all of the necessary alterations in terms of two of its Bento vaults. These contain an amount of $10 million, which happens to be the assets of its users. According to them, the dilemma is that the concerned amount happens to be at grave risk.

SushiSwap Head Chef Jared Grey on <a href="https://twitter.com/jaredgrey/status/1596374581819760642">Twitter</a>: "I'm pleased to report that <a href="https://twitter.com/captgeeky">@captgeeky</a> &amp; I have completed the first draft of <a href="https://twitter.com/SushiSwap">@SushiSwap</a>'s new tokenomics &amp; will present it internally next week. Stay tuned for the public draft in 2-3 weeks.&nbsp; "