Sushi CEO Jared Grey pitches big year in 2025 with roadmap updates

Sushi’s DAO’s CEO, Jared Grey (aka head chef), took to X (formerly Twitter) to share Sushi’s plans for 2025 as well as the project’s accomplishments in 2024. 

In April 2024, Sushi DAO, the community governance structure behind SushiSwap, a decentralized exchange (DEX) on the Ethereum blockchain, implemented a far-reaching governance overhaul. It led to the establishment of the Sushi DAO Foundation and Sushi Labs to enhance the multi-token ecosystem.

2025 will be an eventful year for Sushi

From the looks of things, 2025 is shaping up to be a busy year for Sushi. According to Grey’s X post, there are plans to launch several new products in 2025, including Wara, Susa, Kubo, and Blade, all of which will upgrade Sushi’s trading services and market reach.

With some of these products, Sushi will also attempt to franchise its brand and product stack into new ecosystems, such as Solana in order to promote its influence beyond Ethereum-based platforms. 

One of the products Grey teased is the Susa, a new perpetual DEX that will utilize the N1 network to optimize the performance of on-chain order books to promote trading efficiency.

Speaking about another product, Wara exchange, Jared Grey described it as a new comprehensive trading experience for traders on Solana. As a new Solana DEX, it will be competing to knock off more prominent names like Raydium and Orca. 

Unlike Raydium and Orca, Wara exchange could set itself apart by integrating degenerate trading features. The memecoin market and its traders are a very active and dominant crypto demographic, and they have maintained a stranglehold on narratives since the bull run officially started. 

Grey presented Sushi Labs’ new perps primitive, Kubo, as a creation to bootstrap new markets via delta-neutral strategies. He also teased Blade as a part of SushiSwap. He described it as a new LVR AMM solution that eliminates MEV for blue-chip assets.

Finally, there’s the SushiSwap aggregator, which is already in production. According to Grey, the project has plans to scale its distribution by integrating new partners. 

Sushi’s accomplishments in 2024

Grey cited the “comprehensive governance overhaul” that SushiDAO passed in April 2024 as he talked about the project’s achievements this year. 

One of the accomplishments Grey mentioned was the finalization of the Sushi DAO Foundation and Sushi Labs to formalize and promote Sushi DAO’s interests via a multi-token ecosystem. He also mentioned the usage of the multi-token ecosystem mandate to launch new Sushi products, some of which will be ready next year.

The CEO discussed expanding the Sushi brand and product stack into new ecosystems like Solana to expand SushiSwap’s reach beyond its native EVM roots.

Grey’s post noted the launch of its new perps DEX, Susa. Grey offered an explanation for those who wanted to know why Sushi opted to build another perp DEX: “This one is built on N1, the most performant network for on-chain order books,” he said. 

This year, Sushi Labs also received autonomy to expand SushiSwap into aggregation. Grey claims a report will be released later this week to prove that SushiSwap is the most distributed and performant aggregation. 

SushiDAO recently proposed liquidating all its SUSHI tokens to diversify its treasury. The plan, which is pending a governance vote, involves reallocating the treasury into 70% stablecoins, 20% blue-chip cryptocurrencies and 10% other DeFi tokens. The DAO expects the plan to reduce volatility and boost liquidity. 

There has also been talks about the Sushi Labs model, which involves the transfer of over $40 million DAO-controlled treasury assets to a new entity exclusively controlled by Sushi Labs. The proposal was met with mixed reactions with many expressing concerns about centralization and how the community will be carried along. 

While some see the fund as a wise strategy to manage risk, others see it as a potential threat to the intrinsic value of the ecosystem’s governance tokens.

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