New SushiSwap proposal proposes moving assets from DAO-controlled vaults to new Sushi Labs

PANews reported on April 5 that according to Protos, a new governance proposal for SushiSwap proposes to transfer assets from the treasury controlled by “DAO” to the new “Sushi Labs” and ensure that all future airdrops are sent directly to “Sushi” Labs”, not “DAO”. The funds that the proposal would transfer to the new entity are effectively the entire treasury assets of the project. However, the proposal also appears to include assets not included in the “vault” wallets listed on SushiSwap’s governance page. In fact, the proposal lists 168 ETH and 1228 ETH, but the wallet in question only appears to contain 168 ETH. Additionally, the wallet does not appear to contain any Dai or WBTC mentioned in the proposal. Additionally, the proposal seeks to "give Sushi Labs full and exclusive operational responsibility for core product development."

This is just over a month after Naïm Boubziz (former SushiSwap related person) pointed out on the X platform that the SushiSwap governance forum had been deleted. Subsequently, a change occurred in the DAO so that only core team members could create new proposals. This change apparently includes the removal of snapshot voting, which poses a challenge to the Sushi team’s vault management. Recently, Boubziz once again criticized the new proposal on the X platform, saying that the proposal aims to "destroy the DAO."

Current Signal voting for the proposal, which will last until April 10, shows about 72% of participants voting "no." Although the majority voted against the idea, there is also a snapshot covering the "implementation" of the proposal, with voting scheduled to begin on April 10.