Log in

🎄 Cryptonary Christmas Sale! 50% OFF. Save $500 Now Only ⏰ : 1d 1h 30m 39s

News

SushiSwap community proposes legal structure to reduce regulatory risks

Updated: Jul 25, 2024
Published: Mar 21, 2022
0
Share:

The community behind SushiSwap has proposed that the decentralized, autonomous organization SushiDAO implements a legal structure to reduce risks for token holders.

Post Feature Image

The Sushi legal structure

The proposal was posted on the SushiSwap forum on March 20 under "Sushi Legal Structure." It aims to add a legal layer to the current DAO for current token holders and contributors. According to the proposer and SushiSwap community member Tangle, the proposed foundation will play a key role in limiting contributor liability, thus supporting Sushi Swap's progress. Given the opportunity to mitigate risk and limit liability through legal clarity for holders and contributors, the proposal currently has a 100% approval rating for implementing the legal structure.

It is estimated that one-time setup costs would be approximately $85,000 to $100,000, and ongoing costs would be $10,000. The proposal says that the first steps will be to identify the members of the foundation, establish the foundation, handle the distribution and transfer of the tokens, and draft the articles of association. The proposal also calls for the need for service providers, including DevCo Services Entity and other major contributors. Individuals residing in crypto-friendly countries are considered ideal candidates for membership in the foundation.

Why do projects create foundations?

Most foundations support blockchain development and projects, as we see with the Ethereum Foundation and the Solana Foundation. Due to the lack of regulatory clarity for DAOs, a foundation is one way to represent a central authority that can provide both financial and non-financial support without operating in a grey area. The SushiSwap community also states that it is essential that the foundation does not gain too much control over the protocol, as this could lead to centralization.

It is prevalent for projects in the crypto industry to have foundations. One of the reasons for this is that companies and businesses are structured to visible operations and profits, which means they have to pay taxes. If a blockchain and cryptocurrency company is registered as a non-profit foundation, it cannot be taxed.

Continue reading by joining Cryptonary Pro

Save 50%

$997 $497/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

3X Value Guarantee

If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

Recommended from Cryptonary
BTC, ETH and More: Key Levels Tested Again Across Majors
PRO
Market Updates
BTC, ETH and More: Key Levels Teste...Markets are moving fast, but direction remains elusive. Price has been active across majors, sweepin...
10 min read
Dec 19, 2025
Market Pulse: Bitcoin's Security Under Debate
Market Pulse
Market Pulse: Bitcoin's Security Un...Speculation around quantum computing threats to Bitcoin is ramping up, shaking confidence just as ri...
2 min read
Dec 19, 2025
AMA with Adam & Abror: 18th december
PRO
Livestreams
AMA with Adam & Abror: 18th decembe...In this conversation, Abror and Adam discuss the recent inflation data and its impact on the market,...
1 min read
Dec 19, 2025