Sushi DAO agrees to implement a new corporate legal structure

Quick Take

  • Sushi DAO will split its DAO governance and protocol administration among three new entities.
  • These entities will be based in Panama and the Cayman Islands and will act as a new legal structure for the project.

Sushi DAO, the community that oversees the decentralized exchange project SushiSwap, has voted in favor of a new legal structure that will create three new entities to manage the DAO and the protocol.

Currently, SushiSwap’s administration is split between a DAO made up of community members with voting powers and a project team that maintains the protocol. Under this new arrangement, three new entities wil