SushiSwap weighs new DAO structure that uses non-transferable shares

On Wednesday, a Sushi core contributor floated a proposed update called “Meiji Governance Rework,” aiming to bring a wide array of changes to Sushi’s decentralized autonomous organization.

The new 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 use of Sushi shares will be useful in preventing Sybil actors or users who accumulate large amounts of tokens to influence the DAO voting results.