The leadership team behind SushiSwap, a popular <button class="define-target" id="defi">defi</button> platform, submitted proposals for a <button class="define-target" id="dao">DAO</button> governance vote that would transfer control of around $40 million from the DAO to a small centralized organization called "Sushi Labs". That organization would also receive all future <button class="define-target" id="airdrop">airdrops</button> awarded to SushiSwap. According to the proposal, this was motivated by a desire for efficiency and faster development.<p>The "yes" votes are currently in the lead with a 63% margin. The most yes votes came from sushigov.eth, the official SushiSwap team address, which also created the proposal. It is the first time that address has ever participated in a governance proposal.</p><p>The 5.5&nbsp;million yes votes from the team wallet, plus another 3.1&nbsp;million delegated from other community members, were enough to push the vote to majority support. A former SushiSwap contributor has also alleged that the SushiSwap team was manipulating the vote with additional wallets.</p><p>On Twitter, Sushi's "Head Chef" claimed that he had consulted with lawyers and then authorized the voting activity out of fear of an "extortative <i>[sic]</i> governance attack attempt".</p>

"SushiSwap Community Cries Foul Over Vote to Centralize $53M Treasury"

"SushiSwap team treasury takeover looks likely despite heated debate"

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