...what even is SushiDAO? A Google search for "What is SushiDAO?" just gave a lot of articles with crypto-word-soup.
maker of sushi-swap dex incorporated as a company perhaps a c-corp unnecessarily SushiDAO created a legal entity “to reduce liability” and then that entity and an individual associated with it got subpoenaed. PSA: if there’s an entity, it’s not a Decentralized Autonomous Organization sushiswap: https://www.sushi.com/ $SUSHI coin: https://coinmarketcap.com/currencies/sushiswap/ SBF on sushi-swap: https://www.forbes.co…
I don't completely agree, because a DAO like SushiDAO could lose it's websites and social media accounts, but the total value locked in it's smart contracts would not immediately change. (in the same way as a normal legal entity) These types of contracts are usually governed with their token, which would persist if the legal entity and current developers disappeared. Though, without a way for users to interact with the contract, I would imagine most of the total value locked would move away from the contracts afterwards.