Hot Development: This Altcoin Offers to Sell All of Its Own Tokens in Its Treasury and Buy Bitcoin and These Altcoins Instead!

SushiSwap (SUSHI) has proposed an ambitious strategy to diversify its treasury assets, which currently consist of 100% its own native SUSHI tokens.

“Treasury Diversification Proposal” presents a roadmap to create a more balanced and resilient treasury. The main objectives of this initiative can be listed as follows:

• Reducing Volatility: To balance the value of the Treasury, reduce dependence on SUSHI assets.
• Increasing Liquidity: Ensuring that the Treasury has sufficient liquid assets for operational and strategic needs.
• Generate Yield: Leveraging diversified assets for the purpose of staking, lending, or providing liquidity to generate passive income.

Sushi DAO proposes to reallocate treasury assets by liquidating SUSHI tokens into three categories:

• Stablecoins (%70): The majority of the treasury will be converted to stablecoins such as USDC and USDT to provide stability and liquidity.
• Large Cryptocurrencies (20%): Some will be allocated to established assets such as Ethereum (ETH) and Bitcoin (BTC) for diversification and potential growth.
• DeFi Tokens (%10): Optional allocation based on comprehensive risk-reward assessments for high-potential decentralized finance (DeFi) tokens such as AAVE.

The local assets of the Treasury will be gradually liquidated using a dollar-cost averaging (DCA) strategy to minimize market impact.