SushiSwap team votes to give themselves control of much of the "decentralized" project's treasury

The leadership team behind SushiSwap, a popular defi platform, submitted proposals for a DAO governance vote that would transfer control of around $40 million from the DAO to a small centralized organization called "Sushi Labs". That organization would also receive all future airdrops awarded to SushiSwap. According to the proposal, this was motivated by a desire for efficiency and faster development.

The "yes" votes are currently in the lead with a 63% margin. The most yes votes came from sushigov.eth, the official SushiSwap team address, which also created the proposal. It is the first time that address has ever participated in a governance proposal.

The 5.5 million yes votes from the team wallet, plus another 3.1 million delegated from other community members, were enough to push the vote to majority support. A former SushiSwap contributor has also alleged that the SushiSwap team was manipulating the vote with additional wallets.

On Twitter, Sushi's "Head Chef" claimed that he had consulted with lawyers and then authorized the voting activity out of fear of an "extortative [sic] governance attack attempt".