Currently the Sushi team’s compensation is not aligned with the goals of the DAO.
Through a simple upgrade to the SushiMaker contract we can ensure:
- Ensure the team has appropriate compensation.
- Ensure the Onsen program has adequate funding and isn’t dilutive.
- Create a Sushi burn to offset Sushi dilution.
In the repo above, we’ve outlined a proposal that would create:
8% of Sushi fees going to the team treasury each year to help solve compensation issues in a sustainable way without diluting from the treasury, and while aligning goals as if the team wants to boost compensation they can do so by boosting volume.
8% of Sushi fees going to an Onsen vault to be used in rewards, so that these rewards are no longer diluting Sushi but instead done through market buying.
12% of Sushi fees sent to the burn address to help offset previous inflation and benefit the governance authority of sushi and xSushi holders more evenly across the board.
72% of Sushi fees staying with the current xSushi program.
While this reduces the current fees to the xSushi staking program it should actually have a higher net impact by preventing on-going inflation, adding a burn to offset previous inflation, and improving the core teams ability to hire and execute on growth.
- For New SushiMaker Proposal
- Against New SushiMaker Proposal