21 Wednesday April 2021
  • About
  • Advertise
  • Submit Press Release
  • Contact Us
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Coinbase Stock News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • PriceIndexes
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Coinbase Stock Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • NewsletterDaily or Weekly
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • DC Forecasts
      • Vechain
    • Mining Calculator
      • Bitcoin Mining Calculator
    • WidgetsFree
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release
Newsletter
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
No Result
View All Result
21 Wednesday April 2021
Newsletter
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Coinbase Stock News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • PriceIndexes
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Coinbase Stock Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • NewsletterDaily or Weekly
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • DC Forecasts
      • Vechain
    • Mining Calculator
      • Bitcoin Mining Calculator
    • WidgetsFree
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com
No Result
View All Result
Bitcoin 24h
$55,511.89
+1.26%
Bitcoin 24h

$55,511.89
+698.30
+1.26%
Ethereum 24h
$2,310.57
+9.38%
Ethereum 24h

$2,310.57
+216.75
+9.38%
XRP 24h
$1.43
+12.63%
XRP 24h

$1.43
+0.18
+12.63%
Bitcoin Cash 24h
$957.28
+10.53%
Bitcoin Cash 24h

$957.28
+100.77
+10.53%
Chainlink 24h
$38.05
+8.71%
Chainlink 24h

$38.05
+3.31
+8.71%
Stellar 24h
$0.52
+6.16%
Stellar 24h

$0.52
+0.03
+6.16%
Cardano 24h
$1.25
+7.85%
Cardano 24h

$1.25
+0.10
+7.85%
Bitcoin SV 24h
$300.94
+4.35%
Bitcoin SV 24h

$300.94
+13.08
+4.35%
Litecoin 24h
$261.62
+5.75%
Litecoin 24h

$261.62
+15.06
+5.75%
Tezos 24h
$5.62
+8.78%
Tezos 24h

$5.62
+0.49
+8.78%
EOS 24h
$6.65
+4.74%
EOS 24h

$6.65
+0.32
+4.74%
Monero 24h
$394.95
+16.77%
Monero 24h

$394.95
+66.23
+16.77%
Neo 24h
$104.69
+2.67%
Neo 24h

$104.69
+2.80
+2.67%
TRON 24h
$0.13
+8.23%
TRON 24h

$0.13
+0.01
+8.23%
IOTA 24h
$2.18
+10.73%
IOTA 24h

$2.18
+0.23
+10.73%
Dash 24h
$320.78
+12.61%
Dash 24h

$320.78
+40.43
+12.61%
Ethereum Classic 24h
$34.33
+8.74%
Ethereum Classic 24h

$34.33
+3.00
+8.74%
Zcash 24h
$247.87
+14.48%
Zcash 24h

$247.87
+35.90
+14.48%
NEM 24h
$0.37
+4.61%
NEM 24h

$0.37
+0.02
+4.61%
Dogecoin 24h
$0.33
-17.93%
Dogecoin 24h

$0.33
-0.06
-17.93%
Binance USD 24h
$1.00
+0.00%
Binance USD 24h

$1.00
+0.00
+0.00%
Crypto.com Coin 24h
$0.20
+7.23%
Crypto.com Coin 24h

$0.20
+0.01
+7.23%
Cosmos 24h
$20.71
+13.41%
Cosmos 24h

$20.71
+2.78
+13.41%
Huobi Token 24h
$20.03
+10.13%
Huobi Token 24h

$20.03
+2.03
+10.13%
Maker 24h
$3,623.52
+8.23%
Maker 24h

$3,623.52
+298.09
+8.23%
Ontology 24h
$2.07
+3.95%
Ontology 24h

$2.07
+0.08
+3.95%
Tether 24h
$1.00
+0.01%
Tether 24h

$1.00
+0.00
+0.01%
UNUS SED LEO 24h
$2.18
+10.46%
UNUS SED LEO 24h

$2.18
+0.23
+10.46%
USD Coin 24h
$1.00
-0.00%
USD Coin 24h

$1.00
-0.00
-0.00%
VeChain 24h
$0.25
+10.39%
VeChain 24h

$0.25
+0.03
+10.39%
ADVERTISEMENT

FTX CEO Believes SUSHI Should Reduce Token Supply And Fees

Stefan by Stefan
08/09/2020
in Altcoin News
2 min read
0
crypto exchange FTX retains, naming, rights, miami, stadium,
155
SHARES
1.9k
VIEWS
Share on FacebookTwitterWhatsappGmail
ADVERTISEMENT
ADVERTISEMENT

The FTX CEO who just gained control over the SushiSwap protocol believes that the project should reduce the token supply and the fees and even build a copy on Serum. Following the altcoin news today, we are reading more about his suggestion.

A few days after gaining control over the SushiSwap protocol, the FTX CEO Sam Bankman Fried revealed that he has some personal ideas about the future of the project. These include reducing the total supply after executing the multi-sig wallet transition. The drama started over the weekend when the lead developer of sushiSwap Chef Nomi, cashed out his tokens and exchanged them for ETH coins. The community condemned him saying he is pulling a classic exit-scam.

2) No one has to listen to these! Sushi is being transferred to community control. This is just my take, feel free to ignore.

NOT INVESTMENT ADVICE. I AM NOT AND NEVER HAVE BEEN NOMI. I DON'T EVEN EAT FISH. I was just a temporary chef trying to steady the helm.

— SBF (@SBF_Alameda) September 8, 2020

After the prolonged Twitter discussion, the developer decided to give the control to Sam Bankman-Fried who is a CEO of the popular exchange FTX. Bankman-Fried noted that he will transfer his admin control to a multi-sig wallet and will aim to keep the decentralized nature of the project by putting it to a vote. The results read that 98% agreed with his vision. He also confirmed that Sushi is being transferred to community control and offered a few suggestions on how the project will go on, refuting the claims that he is actually Chef Nomi.

ADVERTISEMENT

sushi price doubled, nomi, chef

According to Bankman, the project has three main challenges ahead. Those are making a surge that the migration will be successful, making sure that the multisig thing happens and getting as much TVL as possible. The total value locked in the protocol surpassed $1.3 billion. The FTX CEO also said that the token supply should be reduced by revealing that the part of this process will happen naturally when the inflation dampens:

 “Maybe take the current schedule, but make 1/6 of the SUSHI unlocked, 1/3 locked for a year, and reduce the rate by 50%.

That means that SUSHI stakers have a long-term interest in the health of the platform, and also that circulating supply is lowered.”

The taker fees could eventually be reduced from 30 BPS to 20BPS and the maker rebate of 15 BPS to 5 BPS. Bankman also offered a potential collaboration with the Compound Finance platform and Aave in order to create “seamless margin trading on SushiSwap.” He finished his prepositions with saying he will build a SushiSwap branch on Serum. He pointed out that the FTX DEX platform will offer: “1-second orders, $0.00002 gas, and 100% on-chain order book/matching engine.”

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: CEOchef nomiftx CEOsam bankman friedsushisushiswaptoken supply
Share62Tweet39SendShare16
ADVERTISEMENT
Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

Related Posts

Yearn Finance Bought Back, yfi, buyback, plan
Altcoin News

Yearn Finance Bought Back $1 Million YFI In Planned Buyback Plan

20/04/2021
deutsche telekom
Altcoin News

Deutsche Telekom Invested In Celo’s Crypto Network Infrastructure

20/04/2021
another steep correction, altcoins, btc, bitcoin, eth, price, market
Altcoin News

Another Steep Correction Makes The Crypto Market Plummet By 8%

19/04/2021
time magazine, cro, token, crypto.com,
Altcoin News

Time Magazine Starts Accepting Crypto Payments For Digital Subscriptions

19/04/2021
venus' price, xvs, tvl, defi,
Altcoin News

Venus’ Price Eyes $100 Amid Surge In DeFi Users And TVL Increase

18/04/2021
btc dips below $52K
Altcoin News

BTC Dips Below $52K Amid US Treasury Rumors: Price Analysis

18/04/2021

Discussion about this post

ADVERTISEMENT

  • Trending
  • Comments
  • Latest

VeChain Price Could Hit $9 In The Near Future: Analysis

09/02/2020
will tron reach

Will Tron Reach $1 In The Long Run: TRX Coin Price Prediction

29/04/2020

Will Cardano Reach $1,000 By 2025: Expert Review

11/05/2018
digital euro project

Digital Euro Project Favors IOTA Network More Than ETH Or XRP

21/06/2020

What Is Altcoin?

0
what is ethereum|What Is Etherum?

What Is Etherum?

0
What Is Cryptocurrency?

What Is Cryptocurrency?

0
thanksgiving weekend, bitcoin, btc, price

What Is Bitcoin?

0
DOGE Holds Strong, dogecoin, price, level

DOGE Holds Strong Against Latest Flash Crash Over The Weekend

20/04/2021
ЕTH Resumes Drop, ethereum, price, level, bears

ЕTH Resumes Drop As The Bears Are Taking Control Again: Price Analysis

20/04/2021
Yearn Finance Bought Back, yfi, buyback, plan

Yearn Finance Bought Back $1 Million YFI In Planned Buyback Plan

20/04/2021
UAE government, blockchain, technology, litigation

UAE Government Employs Blockchain Tech For Litigation Services

20/04/2021
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Facebook Twitter Google+ Instagram Youtube
Cryptocurrency News | Bitcoin News | Cryptonews | DC Forecasts.com

DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.

News By Topic

Quick Search

No Result
View All Result

DC Forecasts Services

  • About
  • Advertise
  • Submit Press Release
  • Press & Media
  • Events
  • Careers
  • Partners
  • Free Widgets
  • Contact Us

© 2020 DC Forecasts - All Rights Reserved | Terms & Conditions | Privacy Policy | Cookies | Comments Policy | Sitemap | Newsletters | AdChoices

No Result
View All Result
  • News
    • Bitcoin News
      • Bitcoin News
      • Bitcoin Cash News
      • Bitcoin SV News
      • Bitcoin Scams
    • Altcoin News
      • Ethereum News
      • Litecoin News
      • Ripple News
      • Libra News
      • Coinbase Stock News
      • Binance News
      • Cardano News
      • Huobi News
      • Binance Coin News
      • Coinbase News
      • ChainLink News
      • IOTA News
      • Monero News
      • Ethereum Classic News
      • Dash News
      • Stellar News
      • Tether News
      • Tezos News
      • Tron News
      • Vechain News
      • Dogecoin News
      • Cosmos News
      • EOS News
      • NEM News
      • NEO News
      • Nexo News
      • Zcash News
      • UNUS News
      • USD Coin News
      • MECX Token News
      • Coronavirus News
    • Exchange News
    • Analysis
    • Blockchain News
    • Regulation
    • Press Releases
    • DC Forecasts
      • DC Forecasts Announcements
      • About
      • Daily News Video
      • EDUCATION & RESOURCES
      • Blockchain Archive
  • Education
    • Coronavirus Statistics
    • Cryptocurrency Education
      • 0x
      • Augur
      • Aurora
      • Basic Attention Token
      • Binance Coin
      • Bitcoin BTC
      • Bitcoin Cash
      • BITCOIN DIAMOND
      • Bitcoin Gold
      • Bitcoin SV
      • BitTorrent
      • Cardano
      • Chainlink
      • Cosmos
      • Crypto.com Chain
      • DASH
      • Decred
      • Dogecoin
      • Egretia
      • Energi
      • EOS
      • Ethereum
      • Ethereum Classic
      • Holo
      • Huobi Token
      • Litecoin
      • IOTA
      • Ripple
      • Stellar
      • Tether
      • Zcash
  • Markets
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Libra Price
      • Binance Price
      • Bitcoin Cash Price
      • Bitcoin SV Price
      • Cardano Price
      • IOTA Price
      • Crypto.com Chain Price
      • Coinbase Stock Price
      • Dash Price
      • Dogecoin Price
      • EOS Price
      • Ethereum Classic Price
      • NEO Price
      • Vechain Price
      • Litecoin Price
      • Huobi Price
      • Maker Price
      • Chainlink Price
      • Monero Price
      • Cosmos Price
      • NEM Price
      • Ontology Price
      • Ripple Price
      • Stellar Price
      • Tether Price
      • Tezos Price
      • Tron Price
      • UNUS SED LEO Price
      • USD Coin Price
      • Zcash Price
    • Cryptocurrency Calculator
      • Bitcoin Calculator
      • Ethereum Calculator
      • Litecoin Calculator
      • Ripple Calculator
      • Dash Calculator
      • Dogecoin Calculator
      • Stellar Calculator
      • Monero Calculator
      • Binance Calculator
      • Cardano Calculator
      • Huobi Calculator
      • Binance Coin Calculator
      • Chainlink Calculator
      • IOTA Calculator
      • Ethereum Classic Calculator
      • Tether Calculator
      • Tezos Calculator
      • Tron Calculator
      • Vechain Calculator
      • Cosmos Calculator
      • EOS Calculator
      • NEM Calculator
      • NEO Calculator
      • Nexo Calculator
      • Zcash Calculator
      • USD Coin Calculator
      • UNUS SED LEO Calculator
    • Reviews
    • Cryptocurrency Exchanges
      • United Kingdom
      • USA
      • Canada
      • South Korea
      • Israel
      • Singapore
      • Australia
      • Mexico
      • South Africa
      • Japan
      • India
  • Directory
    • Bitcoin Businesses
    • Bitcoin Broker
    • Bitcoin Casinos
  • Events
    • Blockchain Events News
  • More
    • Newsletter
      • Press Release
      • Blockchain
      • Cryptocurrency Exchange
      • Bitcoin
      • Bitcoin Scams
      • Bitcoin SV
      • Ethereum
      • Ethereum Classic
      • Litecoin
      • Libra
      • Ripple
      • Coinbase
      • Huobi
      • IOTA
      • Monero
      • MECX Token
      • Cardano
      • NEO
      • NEM
      • ChainLink
      • Tether
      • Stellar
      • Cosmos
      • Tron
      • Dogecoin
      • UNUS
      • Tezos
      • EOS
      • Dash
      • USD Coin
      • Nexo
      • DC Forecasts
      • Vechain
    • Mining Calculator
      • Bitcoin Mining Calculator
    • Widgets
      • RSS
      • Generator
    • Press Release
      • Bitcoin Press Release

© 2020 DC Forecasts - All Rights Reserved | Terms & Conditions | Privacy Policy | Cookies | Comments Policy | Sitemap | Newsletters | AdChoices