Members of the SushiSwap community want to abandon the Kanpai 2.0 model, as it has become the reason for the weak tokenomics of the crypto exchange.
Members of the SushiSwap community want to abandon the Kanpai 2.0 model, as it has become the reason for the weak tokenomics of the crypto exchange.
The decentralized crypto exchange (DEX) SushiSwap community is proposing to return to the previous model, in which all of the commissions are transferred to the stakers of the xSUSHI token.
Additionally, SushiSwap’s Total Value Locked (TVL) has dropped from a peak of $8b to the current $400m.
“This has seen a relative decline from a top 5 DEX to 17th by trade volume and a decline in token price to essentially a flat line since mid 2022.”
SushiSwap community discussion
The authors of the discussion also believe that the crypto exchange needs to introduce a governing board. According to the idea, it will consist of seven volunteers elected by xSUSHI holders. The Governing Council would develop an updated roadmap and improve the tokenomics of SushiSwap.