{"address":"0x19B3Eb3Af5D93b77a5619b047De0EED7115A19e7","sig":"0x","hash":"0x8b91b6d70d8a31eb61b87f871cd4535a17faa9aa0023f15ac58c77b901a77a82","data":{"types":{"Proposal":[{"name":"from","type":"address"},{"name":"space","type":"string"},{"name":"timestamp","type":"uint64"},{"name":"type","type":"string"},{"name":"title","type":"string"},{"name":"body","type":"string"},{"name":"discussion","type":"string"},{"name":"choices","type":"string[]"},{"name":"start","type":"uint64"},{"name":"end","type":"uint64"},{"name":"snapshot","type":"uint64"},{"name":"plugins","type":"string"},{"name":"app","type":"string"}]},"domain":{"name":"snapshot","version":"0.1.4"},"message":{"app":"snapshot","end":1700845200,"body":"This proposal expects to produce a community signal. Full details and discussions thus far can be found at: https://forum.sushi.com/t/rfc-deploy-new-tokenomics-for-sushi/12513/1\n\nSynopsis:\nRestructuring Sushi’s token model will help cement its role in the protocol’s ongoing success and contribute to its growth. Since its launch, Sushi has been at the forefront of tokenomics with initiatives like MasterChef and xSushi. We aim to present a token model that sets us on a sustainable growth path and long-term strategy. In January, we published an initial draft, which, thankfully, generated meaningful feedback from the Sushi and DeFi community, and we believe this final draft represents the best model curated from that feedback.\n\nAs Kanpai expires in December of this year and Sushi’s current distribution model quickly approaches full distribution, our new proposal outlines our vision for a revised Sushi token model crafted to ensure stability and sustained value for all stakeholders. The model builds on three pillars: protocol sustainability, token utility enhancement, and treasury diversification. We invite you to review the proposed changes showcased in our paper, which will synergize to support a resilient token economy.\n\nBelow is a brief overview of the new model’s mechanics and goals.\n\nChallenges and Solutions\nWe’ve identified several challenges through thorough analysis.\nHere’s a brief on what we’ve found and our proposed solutions:\nWe aim to improve rewards efficiency, reducing the annual cost of Sushi emissions.\nEstablish a balanced approach to its emissions distribution. \nCurrently, the emissions-to-Sushi-Bar income suggests a 1:1 ratio.\nFinancial Stability: Address the current emissions-to-income ratio.\nLP Incentives: Sushi LP incentives need recalibrating to remain competitive.\nStaking Mechanisms: Revise xSushi staking to serve high-conviction participants better.\nxSushi Distribution: Align xSushi staking to provide fairer distribution among participants.\n\nEconomic Model\nOur economic model scales strategically via innovation, such as:\nTrading Fees: A primary revenue source from LP transactions\nRouting Fees: Income from trade fees via aggregation\nStaking Fees: Potential revenue from staking rewards\nPartnerships: Strategic partnerships\n\nStakeholder Considerations\nAlign our tokenomics with the interests of our key stakeholders:\nLiquidity Providers (LPs): Aimed at ensuring long-term incentives.\nxSushi: Stable supply, non-dilutive rewards, and governance.\nTraders: Offer an improved trading experience with low slippage.\nToken Projects, DAOs: Building long-term partnerships.\nSushi Treasury: Ensure diversified and sustainable income.\n\nGoals for a Redesigned Token Model\nThe revised proposal has several objectives:\nPromote decentralized ownership.\nAmplify liquidity.\nEncourage sustainable growth.\nEnhance the protocol’s sustainability.\nBolster $SUSHI utility.\nDiversify the treasury for robust financial operations.\n\nOur model aims to enhance liquidity, offer non-dilutive token rewards, institute a balanced supply, and ensure competitiveness.\n\nTL;DR:\nVoting for this snapshot will accomplish the following:\nBegin the work to enact the proposed framework in the paper.\nReshape Sushi’s token model to promote its ecosystem goals.\nIncrease decentralized ownership via the DAO.\nOptimally realign stakeholders where the current model is limited.\nPromote ecosystem growth with sustainable emissions and value.","from":"0x19B3Eb3Af5D93b77a5619b047De0EED7115A19e7","type":"single-choice","space":"sushigov.eth","start":1700070279,"title":"Deploy new tokenomics for Sushi [Signal]","choices":["Yay","Nay"],"plugins":"{}","snapshot":18578849,"timestamp":1700070280,"discussion":"https://forum.sushi.com/t/rfc-deploy-new-tokenomics-for-sushi/12513"}}}