Today, OG Azuki investors and the community challenged the project’s founder, Zagabond. In the hot development, the community started voting to hire a lawyer to buy back million dollars worth of altcoins from the founder. Azuki’s new NFT series is also causing dissatisfaction in the community…
20,000 ETH requested to be returned from founder Zagabond
AzukiDAO submitted a proposal on July 2 titled “Help the community hire a lawyer to recover 20,000 ETH from Zagabond”. Among the proposal’s recommendations are:
- Challenge Zagabond, the founder of the Azuki project, by hiring a lawyer.
- Recovery of 20,000 ETH from the Azuki team
- To support the development of the Azuki community. Also returning it to the DAO to distribute rewards to artists, creators and producers.
- AzukiDAO provides financial support for 20,000 ETH, using the funds to set up a case investigation team.
Voting is going head-to-head right now. At the time of writing it is almost half balanced. Voting will continue until July 3.
Azuki’s new NFT series has caused dissatisfaction in the community
This week, Azuki announced the sales schedule for the Azuki Elementals series NFTs. Azuki and BEANZ owners have started minting the corresponding new NFT series respectively. However, the exit window was too short, causing many users to be unable to complete the cast. It was later revealed that the opening pictures of the new series are almost identical to the OG Azuki series. Some NFTs have even been found to have “collision pictures”.
On June 28, location tba, co-founder of NFT project Azuki, reported on social media that “The Azuki Elementals series NFT mint process has major flaws that severely underestimates the value of Azuki and BEANZ holders in phase one and two.”
Later, NDV Fund founder Azuki Dato and ManesLAB Lianchuang Christian expressed their intention to buy the team. They had a conference call with Zaga, the founder of Azuki. Zaga had no intention of selling. Meanwhile, he responded to some dissatisfied issues from the community. However, Zaga’s explanation was not accepted by the community. Investors are still dissatisfied with the team’s inaction.
DeFi completes critical voting process on altcoin Aave
Finally, as a result of a vote on Aave’s administration page on July 2, Aave V2. A proposal aimed at lowering the liquidation threshold (LT) and credit value (LTV) of the CRV on Ethereum has been accepted. This proposal will be implemented within one day of on-chain voting.
The purpose of the proposal is to reduce the risk of CRV on Aave’s V2 Ethereum. In line with the risk avoidance framework previously approved by the Community, a series of incremental mitigations are proposed to achieve the desired setting. According to this proposal, the liquidation threshold and credit value will be reduced by 3%.
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