{"id":58984,"date":"2022-03-21T10:27:34","date_gmt":"2022-03-21T08:27:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58984"},"modified":"2025-09-04T19:35:11","modified_gmt":"2025-09-04T16:35:11","slug":"sushiswap-proposes-creating-a-legal-structure-to-reduce-risks","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sushiswap-proposes-creating-a-legal-structure-to-reduce-risks\/","title":{"rendered":"SushiSwap proposes creating a legal structure to reduce risks."},"content":{"rendered":"<p>Community members of SushiSwap were invited to vote on creating a nonprofit organization. Its aim is to provide legal clarity and reduce risks for token holders and developers.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">The SushiSwap community initiated the proposal \\&#8221;Sushi Legal Structure\\&#8221;, planning to establish an association or foundation to reduce future risks. SushiDAO will provide legal clarity regarding the rights and obligations of token holders and contributors. <a href=\\\"https:\/\/t.co\/J5oycLKhBH\\\">https:\/\/t.co\/J5oycLKhBH<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\\\"https:\/\/twitter.com\/WuBlockchain\/status\/1505769041108951044?ref_src=twsrc%5Etfw\\\">March 21, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The structure would also enable the creation of an organ to handle administrative matters within SushiDAO.<\/p>\n<p>The advocate of the initiative, known by the nickname Tangle, proposed Switzerland as the country of registration for the organization.<\/p>\n<p>According to his estimates, implementation would entail one-off costs of $85,000-$100,000 and ongoing expenses of $10,000. The amount covers legal services, deal structuring, registration, and launch.<\/p>\n<p>If approved, the participants of the organization would need to be identified, tokens distributed among them, and a draft charter developed.<\/p>\n<p>To create additional advisory bodies, it will be necessary to draft agreements outlining their interactions with the nonprofit organization.<\/p>\n<p>At the time of writing, 32 community members had voted. All supported the proposal.<\/p>\n<p>A user going by the nickname pegbit noted that creating a nonprofit organization would keep SushiSwap on the right track while limiting liability for its participants. As noted by user GoldenNaim, US residents face increasing difficulties participating meaningfully in the project&#8217;s development.<\/p>\n<p>In December, SushiSwap <a href=\"https:\/\/u1f987.com\/en\/news\/sushiswap-cto-resigns-amid-internal-tensions\">left<\/a> the CTO Joseph Delong amid disagreements within the team.<\/p>\n<p>The conflict arose after the unexpected departure of the project leader known as 0xMaki, possibly at Delong&#8217;s instigation. He, along with some other developers, <a href=\"https:\/\/u1f987.com\/en\/news\/sushiswap-cto-threatens-to-quit-amid-internal-disagreements\">aired the disagreements<\/a> in public.<\/p>\n<p>Earlier, the Bank for International Settlements <a href=\"https:\/\/u1f987.com\/en\/news\/bis-says-the-decentralisation-of-defi-protocols-is-an-illusion\">called<\/a> the decentralization of DeFi protocols an illusion. Experts expressed confidence that there will be cases where projects will require restructuring or assessment.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 the full news stream, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Community members of SushiSwap were invited to vote on creating a nonprofit organization. Its aim is to provide legal clarity and reduce risks for token holders and developers.<\/p>\n","protected":false},"author":1,"featured_media":58985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,1379],"class_list":["post-58984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-sushiswap"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=58984"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58984\/revisions"}],"predecessor-version":[{"id":58986,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58984\/revisions\/58986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/58985"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=58984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=58984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=58984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}