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SushiSwap creates three DAOs in Panama, Cayman and Cayman for business restructuring by Cointelegraph


SushiSwap creates three DAOs in Panama, Cayman and Cayman to assist with business restructuring

The Sushi DAO, an autonomous decentralized organization behind crypto-exchange SushiSwap has Approved Oct. 26 saw a legal restructuring that created three new decentralized entities. This restructuring aims to give it more flexibility in its operations.

The proposal was approved by 100% of the votes. It will create three new entities: the DAO Foundation (the Panamanian Foundation) and the Panamanian Corporation (each serving a different purpose).