SushiSwap’s 2026 plan ties fee flows to reserves and liquidity

SushiSwap’s 2026 governance plan sets 4% of protocol fees for weekly SUSHI reserve purchases and shifts some protocol liquidity toward Robinhood Chain. The change links treasury decisions to where the protocol places liquidity and how it uses trading revenue.

How does SushiSwap’s treasury plan use fees?

The plan, approved in September, divides some fee revenue between reserve purchases and xSUSHI buybacks. It assigns 4% of protocol fees to weekly SUSHI purchases for a reserve, and 1% of protocol fees plus 1% of perpetual trading fees to monthly xSUSHI buybacks.

The reserve holds SUSHI bought with protocol revenue. That is different from a market sale of treasury tokens: the plan directs revenue toward purchases, but does not specify a fixed amount for each one. The size of each purchase will depend on fee income.

The remaining revenue goes to Sushi operations. So the trade-off is direct: less fee income flows to stakers through buybacks, while the protocol retains more to fund operations. The reserve is not a promise that SUSHI’s price will rise.

What happens to SushiSwap liquidity?

A January proposal addressed LP tokens worth an estimated $56–57 million in legacy MasterChef and MiniChef contracts. These tokens represent shares in trading pools; migrating them can make liquidity easier to manage, but it also changes where those shares are held.

The proposal set out a holder claim period of 30 to 60 days. Unclaimed liquidity could then be redeployed as protocol-owned liquidity in V3 positions. The plan also allows part of the protocol’s deployed liquidity to move to Robinhood Chain, with an ETH–USDG V3 pool named as a starting point.

For a trader, liquidity matters because shallow pools can mean bigger price movement on a swap. When comparing pools, check the amount available near your trade size and the price impact shown before you confirm. You can also compare that with SushiSwap’s current pool activity as you assess where liquidity sits.

What should SUSHI holders watch next?

Follow the actual transfers and deployments, not just the vote language. A proposal can approve a direction, but the onchain transactions show when assets move, how much is allocated and which pool receives them.

• Weekly SUSHI purchases: check the amount bought and whether the reserve balance grows.
• Monthly xSUSHI buybacks: check for completed transactions and the amount used.
• Liquidity moves: check whether the Robinhood Chain pool gains depth and stays active.
• Legacy LP claims: check the claim window and how unclaimed positions are handled.

These signals help separate a treasury policy from a change you can see in pool depth or token balances. Watch the next reported buyback and the onchain deployment record; those will show whether the new fee split and liquidity plan are being carried out.