• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Tribe – Fei is suspected of “DAO dictatorship”

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

After remaining embroiled in a scandalous drama with the Rari Capital crew, Tribe – Fei has continued to encounter a good deal of criticism right after the proposal to “stop making damages to users”.

Tribe - Fei continues to be questioned "DAO dictatorship"
Tribe – Fei continues to be suspected of “authoritarian DAO”

The “split” with Rari Capital

Late final week (June twelve), the CEO of Rari Capital (the task with a preferred merger with Tribe – Fei) announced his resignation. This move not only left a employees shortage, a broken connection, but also left Tribe a significant reduction right after Rari Fuse was attacked.

Related articles

Azuki DAO changed its name, "transformed" into a memecoin project

Azuki DAO transformed its identify, “transformed” into a memecoin undertaking

November 27, 2023
HECO Chain of Cooperative (Huobi) is suspected of being hacked for $85 million

HECO Chain of Cooperative (Huobi) is suspected of currently being hacked for $85 million

November 22, 2023

> See far more: CEO Rari resigns, the Fei-Rari alliance hazards dissolution

The aforementioned reduction was estimated to be close to $ 80 million by the time Rari Fuse (Rari’s merchandise section) was attacked by hackers.

Damage compensation proposal

On June eight, Longarzo – a representative of Rari – launched a proposal for TIP-112, which is a stage in direction of recovering excellent debts, which include certain assets and numbers.

Consequently, the repayment system will very first concern the assets in the PCV portfolio (RAI, DAI, FEI, ETH, LUSD) and then the external assets this kind of as USDC, USDT and FRAX.

And the “turning the car”

Almost promptly, nonetheless, the crew implemented a proposed VETO (veto) of the former TIP-112.

At the second, right after the Tribe crew left open the selection to “stop repaying”, the vast majority of votes have due to the fact moved in this course.

Now, the DAO seems to be voting * towards * debt repayment, in contrast to the former vote in May.

The ballot titles and proposal pairs will not match, so it truly is a tiny challenging to even say what in distinct a person is nevertheless voting on. pic.twitter.com/Ac221LSJeA

– Cobie (@cobie) June 15, 2022

“The DAO is currently voting in the direction of ‘opposing’ the repayment of the debt, in stark contrast to the proposals made in May. The title of the vote and the proposals do not coincide, so it is difficult to say who will vote on which particular decision”. the Cobie account stated.

At existing, this trend reversal could be partly due to financial losses, largely influenced by the latest bearish trend in the marketplace.

Meanwhile, the situation of voting in the DAO has been unearthed once more and has grow to be a “classic meme” on Twitter.

Explanation of the governance of the protocol

instantaneous voting:
what shade lambo must the founder get?
▓▓░░░░░░░░░ eleven% – Yellow
89% – Black

founder: but I like yellow

* vote in yellow *

96% – Yellow
▓░░░░░░░░░░░ four% – Black

– G 跻 Goblin del (@DegenSpartan) May 14, 2022

In addition to the controversy of Fei and Rari, not too long ago the DAO autonomous neighborhood has also had to agitate with the dispute amongst Merit Circle and YGG.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: DAOdictatorshipFeisuspectedTribe
Share76Tweet48

Related Posts

World Liberty Financial Sets WLFI Token Transfers In Motion

by shark
June 26, 2025
0

World Liberty Financial Inc. prepares WLFI token transfers and stablecoin audit release amid institutional interest.

Bitcoin’s Path to $120K: Inflows and Technical Signals

by shark
June 26, 2025
0

Bitcoin shows potential for a $120K breakout, supported by institutional inflows and technical indicators.

Bit Digital Shifts Focus to Ethereum Staking Strategy

by shark
June 26, 2025
0

Bit Digital pivots to Ethereum staking, exiting Bitcoin mining amid a $150M capital raise.

Finternet Drives Investment with Institutional Support

by shark
June 26, 2025
0

Institutional backing fuels Finternet development, bolstering crypto investments with a $4.9B influx in Q1 2025.

GameStop Raises $450M in New Zero-Interest Notes

by shark
June 26, 2025
0

GameStop Corp. has announced a $450 million raise via zero-interest convertible senior notes due in 2032, aimed at enhancing its...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Best Meme Coins for Exponential Returns: Arctic Pablo, Dogs & Neiro Set to Explode
  • World Liberty Financial Sets WLFI Token Transfers In Motion
  • Bitcoin’s Path to $120K: Inflows and Technical Signals
  • Bit Digital Shifts Focus to Ethereum Staking Strategy
  • TCAT Presale Frenzy + Degen & Coq Inu Insights.
  • Finternet Drives Investment with Institutional Support
  • GameStop Raises $450M in New Zero-Interest Notes
  • Trump Criticizes Fed Chair Powell, Calls Him ‘Very Stupid’
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7