In spite of the surging TVL, the revenue collected on the protocol continued to decline. Token Terminal’s data indicated that over the last month, the revenue collected by SushiSwap fell by 7.4%. One reason for the decline in revenue would be the falling activity on the SushiSwap network.
A proposal was recently passed by the Sushi governance, related to adding liquidity to one of its pools. DWF Labs, a global digital asset market maker, proposed a collaboration to enhance V3 liquidity and SUSHI token trading depth. SUSHI support on exchanges like Binance and OKX with market-making depth was also part of the plan. SUSHI also planned to lend 2 million tokens for 24 months, with a 5% annualized yield paid to Sushi Treasury.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: