Replying to @bailsecurity
Yup, went through the same situation as in the infographic & can confirm Bailsec found way more issues.
You guys deserve more recognition.
Replying to @bailsecurity
Bailsec is in a league of its own.
I’m not paid to say this, I paid to say this.
I do not have control over those funds, and in my opinion, the only appropriate course of action is for the yield to be returned to Roots holders. I have no intention of benefiting from the funds in that wallet.
While I am not able to comment on the current status, the foundation should have a fiduciary obligation in this matter.
What yield are we keeping here? The skimmed yield won’t go to team members. Are we done bs-ing here?
We started the pre-deposit program because we were told the chain would go live and we were on its testnet, as simple as that.
I know it’s disappointing, especially as YT holders, but we’re suffering from this as well and are working on solutions as of now.
Replying to @Void_of_Hype
Why do people feel the need to comment on things they only have surface-level knowledge of?
Deploying an AMM is no casual lift and comes with serious dependencies.
We could have exit-sold our way out of this recklessly, yet we chose to realize a massive loss. Food for thought, my man.
Replying to @KazumaxCrypto
Thanks again for your support @KazumaxCrypto
Addressing the YT issue is our priority.
Please bear with us.
Replying to @andylinee
Collaborating with you & your team has been a pleasure as well.
Thank you for your being understanding.
I get the frustration, but again, we're not winning anything here.
It doesn’t come out of nowhere. We wouldn’t take a massive loss like this if we believed the project was sound enough.
But there are far more dependencies and risks to consider than someone external to the project might realize.
Launching with decent odds of long-term viability is a tough call. These pivots along with other factors I can’t comment on publicly, ultimately led us to cancel the launch.
I only think we tried too hard to believe in our new playbook.
Solid recommendation.
We hold ourselves to higher standards than screwing retail just to tick a TGE box. Sorry to disappoint.
Replying to @coinfoin_ @levelusd
I’m not going to comment on why the situations differ, that’d be out of place.
Both projects had Pendle pools and cancelled TGE, but that still doesn’t make the situations identical.
You’re sharp enough to know what’s going on.
Replying to @whisker17
I'm again sorry you're impacted by this, but clearly you don't know what launching a DEX implies.
