SushiSwap Proposes Liquidation of $SUSHI for Treasury Diversification

Dec 6, 2024, 06:35 PM

SushiSwap, a decentralized exchange, has proposed a significant change to its treasury management strategy. The plan involves liquidating its holdings of SushiSwap's native token, $SUSHI, and diversifying into a mix of assets to reduce volatility and enhance liquidity. The proposed allocation includes 70% in stablecoins like USDC and USDT, 20% in blue-chip cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC), and 10% in DeFi tokens, notably AAVE. This strategy, proposed by SUSHI DAO, aims to focus on yield generation through staking, lending, and liquidity provision, alongside risk management and the establishment of an emergency fund.