SushiSwap merges DAO with ‘Labs’ model, introduces multitoken ecosystem

SushiSwap is now managed by Sushi Labs, an autonomous company that will operate under a council structure similar to Synthetix.

Update (June 11 at 15:58): This article has been updated to clarify that the decentralized exchange will continue to operate under the SushiSwap brand, managed by Sushi Labs. In addition, Sushi clarified that its community will continue to play an active role in governance.

After months of heated debate, decentralized exchange SushiSwap has introduced a new business model to its ecosystem. Under the name of Sushi Labs, the new era integrates the decentralized autonomous organization (DAO) with a “council structure.”

On June 11, the protocol introduced Sushi Labs — an autonomous administrative, technical and operational company that will manage the Sushi ecosystem. First proposed in March, the revamp sought to respond “to market demands and user requirements,” including the protocol’s slower response to market changes due to “cumbersome governance.”

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