Summary
TLDR: There are concerns of voter manipulation in a proposal at SushiSwap that would centralize the protocol’s treasury. The core team is accused of adding liquidity to increase their voting power, leading to skepticism about the legitimacy of the vote. Despite community backlash, the proposal is winning, raising fears of centralized control and potential misuse of funds.
Key Points
1. Jiro, a developer at decentralized crypto exchange SushiSwap, proposed a method to enhance operational efficiency and accelerate protocol development, sparking concerns about centralizing the protocol’s $53 million treasury.
2. Skeptics have raised concerns about voter manipulation, with allegations that the core team added liquidity to newly created wallets just before the next snapshot to increase their voting power and influence the final tally.
3. The proposal, which includes both a “signal” and “implementation” component, has been met with skepticism and controversy within the SushiSwap community, leading to doubts about the legitimacy of the vote and the potential implications of centralizing the treasury.