ICYMI: SushiSwap weighs new DAO structure that uses non-transferable shares
If the proposal is passed, Sushi will be led by Meiji DAO — a new group that replaces the project's governance body called Sushi DAO.
The most notable change proposed is that the Meiji DAO body will conduct voting with the help of Sushi “shares” which represent non-transferable governance rights to participate in Sushi governance. The shares can be obtained by locking up the DEX's native Sushi tokens in a smart contract. The holders can exit shares at any time by forfeiting them, per the proposal.
Shares will not be issued immediately, and members will have to wait for double the voting period before they can vote on different proposals.
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