Sushi Tries to Pick Up the Pieces: A DeFi Governance Case Study

Posted on by American Coins & Gold

Sushi Tries to Pick Up the Pieces: A DeFi Governance Case Study
After months of public infighting and turmoil, popular DeFi platform Sushi has passed an ambitious governance overhaul designed to streamline internal processes with a hierarchical, departmental structure.The proposal is the conclusion to the latest chapter in a remarkably turbulent story about the protocol’s fall, rise and fall again – a case study for the oncoming and so far largely ebullient era of decentralized autonomous organizations (DAOs) and their unique governance structures.Over the past two months Sushi has been marred by internecine spats, accusations of corruption in governance forums and opaque processes – a saga reminiscent of the project’s chaotic early…