Cryptocurrency trading protocol SushiSwap is in the process of launching a claims website for vested SUSHI tokens in its Merkle Distributor contract. This move comes after the SushiSwap community voted in favor a clawback proposal, the purpose of which is to prevent idle assets by requiring token holders to either claim their vested SUSHI tokens or forfeit them.

The clawback has been put in place due to recent financial pressures faced by the trading platform after the SEC sent a subpoena to SushiSwap's head chef Jared Grey in late March. Since then, Grey has proposed making use of SushiSwap's treasury funds in order to set up a legal defense for himself and the protocol's key developers.

Claims for the vested SUSHI tokens must be done by 10AM UTC on April 23, with unclaimed tokens being transferred to the treasury. This deadline has been set in order to give everyone a fair and equal chance to reclaim the funds.

The announcement for the launch of the claims website was made by Grey on Discord, who also noted that the website would only be made available to users with tokens held in a specified whitehat address as soon as auditors had given the go-ahead.

In a statement made on the protocol's website, SushiSwap mentioned that the distributor had been operational for over a year and that the decrease in claim activity compelled them to set a deadline and implement a clawback.

The launch of the claims website marks the start of a new chapter for SushiSwap. The protocol's efforts towards furthering the transparency of their operations will no doubt prove to be a huge positive for users who trade through their protocol. There will also be measures taken to ensure the funds are being channeled in the intended manner.

All in all, although this is a tumultuous time for SushiSwap, the protocol's efforts to responsibly manage their resources has been encouraging and it promises to be an exciting journey for their users.



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