According to a governance proposal passed on Jan. 23, decentralized exchange (DEX) SushiSwap will soon reroute 100% of the platform’s trading charges to its treasury for operations and upkeep for one year’s period. The move came after CEO Jared Grey cautioned that the exchange “just has 1.5 years of treasury runway left,” even after slashing yearly operating expenses from $9 million to $5 million amid the ongoing crypto winter season.

“Revenue to the treasury will be in the type of 50% ETH and 50% USDC, with projection of ~$6m being made over the next year if this proposition were to pass.”

In a different proposal that passed the very same day, 99.85% of voters chosen to “clawback” 10,936,284 unclaimed SUSHI($14.8 million) tokens awarded to early liquidity companies during the DEX’s launch in 2020. The benefits were offered to SushiSwap users who provided trading liquidity for the exchange from August 2020 to February 2021 and had actually been open to claim for near to 2 years. Some users argued that “people have actually made these SUSHI reasonable and square,” and their claim to these possessions must not be denied. Others said that they support the clawback as “idle SUSHI that can be put to better use.” The possessions will be returned to the SushiSwap treasury.

SushiSwap, the sixth-largest DEX by 24-hour trading volume, has actually been hit hard by the crypto market decline and product-market-fit problems. Last December, Pandoraland reported that the DEX lost $30 million over 12 months alone on incentivesfor its liquidity providers due to “unsustainable” token emission rates. As an outcome, the DEX is presently seeking to revamp its tokenomics design.