#SushiSwap (SUSHI) price has been pumping hard with a pronounced green candlestick, outperforming most players in the cryptocurrency arena. However, there are suspicions of market manipulation as a new wallet is buying SUSHI on decentralized exchanges and depositing Circle $USDC stablecoin to perpetual exchanges such as #dydx through multiple new addresses, with a possible intention to long SUSHI. 
The wallet spent 640,000 USDC to buy 900,514 SUSHI tokens at $0.71 per token, and Lookonchain, a blockchain analytics firm, has flagged some suspicious on-chain activity related to #sushi prior to the pump. The wallet may be making profits by raising the price of SUSHI and going long SUSHI
It is important to note that the suspicions of market manipulation are not confirmed, and the surge in SUSHI price could be genuine. At the time of writing, #SUSHISWAP price is $0.75, after a rejection from the $0.80 psychological level. However, there is still upside potential with the Relative Strength Index (RSI) showing momentum is still rising despite SUSHI being overbought.
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SushiSwap, a significant decentralized exchange (DEX), has proposed a substantial change in its governance system. The plan, authored by Jiro, a SushiSwap developer, suggests transferring control of the DAO’s treasury assets to Sushi Labs managed vaults.
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This move would redirect airdrops to the vaults instead of the autonomous proposal portal (APC), marking a notable shift in the platform’s governance strategy.

SushiSwap’s Evolution: Embracing a Lab Model for Enhanced Efficiency
SushiSwap is undergoing a significant transformation driven by the need to improve its existing governance system. Developers argue that the current system lacks the agility required for DeFi assets to thrive in the rapidly changing crypto landscape. To address this, a proposal has been put forth to centralize all operational duties and assets into Sushi Labs.
The proposal, spearheaded by Jiro, entails transferring 25 million Sushi tokens to Sushi Labs, along with various resources such as Arbitrum airdrops, partnership funds, and incentives. This consolidation aims to streamline decision-making processes and foster a more efficient development environment.

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By restructuring Sushi Labs into a separate entity, the initiative seeks to relinquish operational control, facilitating better core product development and fostering faster growth and innovation within the platform.
SushiSwap Community Divided Over Governance Proposal
Support from recruited SushiSwap community members, including ‘Head chef’ Jared Grey, has bolstered the proposed governance overhaul. Grey views the move as strategically aligning SushiSwap’s operational functions with its DAO governance model. He believes this alignment will expedite product deployment, ensure operational consistency, and maintain DAO autonomy, ultimately catering to user needs and the DeFi market.

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However, critics have raised concerns about the proposal. Some previous contributors on the r/X.com forum have questioned the significance of transferring assets from the DAO Treasury to Sushi Labs. They worry that this redistribution of assets and power could lead to unequal privilege within the community, potentially favoring certain members over others.
Also Read:   Bitcoin in April: Will the Rally Keep Going?
In Summary
SushiSwap’s governance proposal aims to revamp operational staffing for greater efficiency and innovation. The creation of Sushi Lab will drive advancements by transferring treasury assets, streamlining development processes, and enhancing competitiveness. Despite diverse views within the crypto community on the best way forward, the outcome of the vote will shape the future of SushiSwap and potentially influence the direction of the entire DeFi space.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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