Jared Grey, the "Head Chef" of decentralized exchange Sushiswap, proposed changing the exchange's tokenomics in the hopes of reviving the protocol after a tough year.

The proposed changes seek to increase liquidity, create more utility for its native token sushi and promote maximum value for stakeholders – all without diluting current token holders or sacrificing the protocol’s economic health. Sushiswap currently has just 1.5 years of runway, Grey said.

“Like the original xSushi model hoped to achieve, the new model’s primary goals are to foster decentralized ownership and reward liquidity growth via a holistic and sustainable reward mechanism that scales with volume and fees,” a formal proposal said.

(by Mike Truppa)