Controversial Financial Proposal by Sushi DAO Approved in Initial Voting

According to PANews, a controversial financial proposal by Sushi DAO has been approved in the initial signaling vote. The proposal suggested transferring over $40 million of DAO-controlled financial assets to a new vault managed by Sushi Labs. The proposal has been approved in the community signaling vote with a support rate of 62.5%. It is currently undergoing implementation voting, with a current support rate of 83%, and is expected to conclude on April 17th. The proposal has faced criticism, with allegations that the core development team created new wallets to increase their voting power prior to the vote. Last week, it was reported that a new proposal by SushiSwap suggested transferring assets from a vault controlled by DAO to a new one managed by Sushi Labs.