The introduction of Sushi Labs is an innovative approach to growing a DeFi ecosystem while alleviating pressure on the DAO structure.
Sushi Studios to Get License to Sushi IP
Sushi Head Chef Jared Grey announced the launch of Sushi Studios, “A Decentralized Brand Licensing & Incubator Framework” to help grow the Sushi ecosystem, anchored by the SushiSwap Decentralized Exchange (DEX).
During his candidacy for the Head Chef position, Grey had pitched the idea as a way to attract new venture capital into Sushi, without further encumbering the finances and human resources of the Sushi DAO.
According to Grey’s announcement, Sushi Studios will receive a royalty-free license to use the Sushi brand.
“Through licensing the Sushi brand IP, Sushi Studios will give builders access to Sushi to provide complimentary products that bring value to the Sushi brand, ecosystem, & stakeholders.”
The creation of Sushi Studios will allow the Sushi DAO to focus on making grants “initiatives that directly impact the DEX product stack.”
Sushi currently has $680 million in Total Value Locked, mostly on Ethereum but with significant amounts on Arbitrum and Polygon, with the lion’s share being in the SushiSwap DEX, according to DefiLlama.
While Sushi ranks among the top 25 Decentralized Finance (DeFi) in crypto, its TVL is significantly down from its all-time high of more than $9 billion set in November 2021.
What is SushiSwap:
SushiSwap is a decentralized exchange part of the Yearn ecosystem. The platform is community-driven with no central governing figure. It is popular for its exchange among other decentralized finance tools it employs. The protocol runs on the Ethereum blockchain. SushiSwap also has a native token known as SUSHI.
Where to find SushiSwap:
Source : bsc.news
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