A SushiSwap governance proposal to sharply increase the SUSHI token’s annual emission rate (AER) passed on Sunday, Dec. 14, with the vote demonstrating just how concentrated decision-making on the decentralized exchange protocol can be.

The vote to lift annual emissions more than threefold, from 1.5% to as much as 5% of total supply, was decided almost entirely by a single wallet, 0xFf…492. That address controlled about 99.9% of the roughly 5.2 million voting power cast, with no votes against or abstentions, per Snapshot voting details.

Under the proposal, SushiSwap can issue up to about 14.25 million SUSHI a year, compared with roughly 4.3 million previously. The additional tokens are intended to support liquidity mining, new token listings, private liquidity arrangements and growth incentives linked to SushiSwap’s aggregator.

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