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Sushi Labs managing director Jared Grey is outlining what’s next for the multichain decentralized exchange (DEX) SushiSwap (SUSHI). Grey notes on the social media platform X that the Sushi decentralized autonomous organization (DAO) passed a comprehensive governance overhaul in April that will use a “multi-token ecosystem mandate to launch new Sushi products.” “Here is a list of the products we plan to release in 2025: Wara (wara.exchange) – A new comprehensive trading experience on Solana. Susa (susa.exchange) – Sushi’s new on-chain order book perps DEX. Kubo (kubo.bid) – Sushi Labs’ new perps primitive to bootstrap new markets via delta-neutral strategies. Blade (part of SushiSwap) – our new LVR AMM  (loss-versus-rebalancing automated market maker) solution that eliminates MEV (maximal extractable value) for blue-chip assets. SushiSwap Aggregator – This one is already in production, but we will scale its distribution by i...

Uniswap DAO has backed a proposal to invest 3 million UNI ($12 million) from its treasury into the decentralized exchange Ekubo in exchange for a 20% share of the governance token. Ekubo is a decentralized exchange on Starknet that has a value of $2.5m locked into its smart contracts, according to DefiLlama. “We at Ekubo, Inc. believe this is a vitally important step in the decentralization of Uniswap protocol development, effectively onboarding the Ekubo team as core developers.” Ekubo founder Moody Salem The vote included 21 million UNI tokens in favor of the decision and 12 million UNI tokens against it. Therefore, 63% of the voting tokens supported this move. Five token holders received 97% of the votes in favor of this decision. In total, more than 3,500 votes were cast. You might also like: Uniswap to charge 0.15% swap fees in web app and wallet According to Salem, if the proposal passes the proper vote, 3 million tokens will be used to fund Ekubo’s ope...

Swiss bank Credit Suisse has partnered with the Swiss Football Association to release NFTs in support of women’s soccer in the country. In this week’s newsletter, read about how stolen nonfungible tokens (NFTs) are sold within three hours after being pinched, and check out AzukiDAO’s plans to take back $39 million worth of Ether (ETH) from the founder of the Azuki NFT collection. In other news, investors in Logan Paul’s NFT gaming project CryptoZoo are still waiting for promised refunds from the YouTuber, and don’t forget this week’s Nifty News, featuring blue-chip NFT collections dropping in prices and Swiss bank Credit Suisse releasing NFTs to support women’s soccer.  Half of stolen NFTs are sold within 3 hours: PeckShield A report published by security company PeckShield highlighted that half of all stolen NFTs are sold within 160 minutes on platforms like OpenSea and Blur. According to the security firm, 86% of the stolen NFTs they flagged were sold on Blur, while around 13% w...

The AIP-1.05 was defeated by 118 million votes. The proposal was introduced after the Arbitrum Foundation transferred funds without community approval. A controversial proposal seeking the return of 700 million ARB governance tokens to Arbitrum's DAO Treasury was rejected by a massive number of votes on April 15. The Improvement Proposal AIP-1.05 was introduced after the Arbitrum Foundation transferred funds without community approval in March.  The AIP-1.05 was defeated by 118 million votes, representing 84% of the total votes received, while 21 million ARB tokens voted for the proposal , nearly 14.5% of the total. Around 2 million ARB tokens abstained. The proposal asked the Foundation to return the tokens as a “symbolic gesture to demonstrate that the governance holders ultimately control the DAO, not the Arbitrum service provider nor the Foundation.” Screenshot - AIP-1.05: Arbitrum Improvement Proposal Framework. Source: Arbitrum DAO.  On the governance forum, a whale with ...