Jared Grey, the CEO of SushiSwap, recently announced the relabeling of Sushi Labs. Now called Sushi Studios, the framework will perform the same duties while addressing its existing issues.
Sushi started issuing grants from its DAO Treasury to run the ongoing development. This grant system worked fine but limited Sushi’s innovation and market distribution. Nonetheless, Sushi gained strong acquisitions, such as Kasgi, MISO, and Shoyu, through these grants.
While being productive, the products altered the resources and productivity costs for the platform. That is why Sushi Studios will address the concerns to empower the platform with new products. These products will remain outside of the Treasury’s reach and scope.
The new framework will offer a royalty-free license for using the Sushi brand. Thus, it will empower projects to come up with innovative products via the brand. In addition, Sushi DAO will restrict grants and initiatives that affect the DEX product stack.
Sudhi Studios will also provide access to complimentary products to builders. It will help them bring value to the Sushi ecosystem, stakeholders, and brand. Moreover, it will subsidize the products via equity, revenue sharing, token offerings, etc.
Finally, it will grant the Sushi community access to exclusive token utility, airdrops, crowdfunding, and more. According to the latest post by Jared Grey, Sushi Studios aim to achieve these goals:
- Creating an efficient way to boost external product teams
- Helping to design an inclusive product ecosystem to assist stakeholders
- Authorizing independent token economies
- Helping to decentralize Sushi DAO
- Maintaining Sushi DAO’s market standing
Given the initial warm response from the Sushi community, the relabeled framework is expected to be a major hit.