Update on Current Rewards Programs

Following our recent transition back to the xSushi model, we have important updates regarding our rewards program.

End of Current Rewards Program

With the completion of minting our total supply of 250 million Sushi tokens, we are entering a new phase. As all Sushi tokens are now in circulation, there will be no further emissions. This leads to significant updates in our current rewards program.

V2 Rewards Termination:
The V2 rewards program will terminate today. This marks a significant transition in our rewards strategy.

V3 Rewards Conclusion:
Our V3 rewards program is nearing its conclusion, expected around 8th December 2023. We extend our sincere gratitude to everyone who participated and contributed to its success.

Merkl:
Merkl, our stakeless rewards distribution mechanism, has 14 days remaining in its cycle.

Other Updates:

UI Changes:
To avoid confusion, we are updating the UI on the pool to remove the farmer icon. This is currently in progress and may take some time to complete.

Closing Remarks

We thank you for your unwavering support during this pivotal moment as we cease token emissions and assess the impact of our liquidity mining activities on fostering long-term liquidity. It's important to note that adding rewards to the pool remains possible through our permissionless incentive creation feature.

Moving forward, our focus shifts towards enhancing our tokenomics model. Steering away from constant token emissions and token rewards distribution, our aim is to create true value. This involves improving our decentralized exchange offerings, trading/swapping features, and the liquidity provider experience to attract more traders and liquidity providers.

Stay tuned for more updates on the re-opening of Sushi Bar.