Sushi DAO voted to redirect the exchange's trading fees from token holders to the project's treasury. The move will mean that sushi token holders will no longer receive rewards from trading fees on the exchange for a year or so, with the fees going to the project's treasury. The reasoning is that the entity behind SushiSwap needs more funding in the short term while it improves its long-term plan for sustainability.
According to the Snapshot voting page, the vote has 58.95% support, with GoldenChain, the digital investment arm of venture capital firm Golden Tree, and the associated wallet of crypto trading firm Cumberland jointly contributing 10 million sushipowah tokens (Sushi DAO governance token) to push through the vote. Their combined voting power accounted for 91% of the 11 million tokens that were cast in support of the plan.
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