Governance Proposal: Blacklisting

There is a proposal to blacklist Alameda Research wallet: https://adamant.finance/governance

Users must have locked ADDY to vote. The vote ends July 11, 2021 at 6:30am Central.

Alameda Research deposited a large sum of funds over multiple vaults on adamant Adamant. This wallet team is a little less than half of Adamant’s TVL.

A team of this stature recognizing the yields and security of Adamant is flattering and says a lot about our work thus far. The problem is that this wallet is earning a lot of ADDY and habitually dumping. This has caused panic in our community and even more dumping from our community.

Blacklisting their wallet would mean they would no longer be able to stake and yield in Adamant. They of course will have access to their funds and everything they’ve earned.

We recognize this will be a monumental vote that can come with both praise and criticism, but we do want those who’ve trusted in Adamant by locking their ADDY to have the ability to vote on this.

For more discussion visit the social channels below.

ADAMANT OFFICIAL LINKS

Website: https://adamant.finance/

Telegram: https://t.me/adamantfinance

Discord: https://discord.gg/69ureKKYz2

Github: https://github.com/eepdev/frax-stake

Twitter: https://twitter.com/AdamantVault

--

--

--

The #1 Autocompounder and Yield Optimizer for Polygon and Arbitrum

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Firewall Friday

10 minutes in life of a security engineer

Can the FBI or CIA track text messages?

This Machine Eats Monotheistic Meta Memes

Crypto Cards Reward System Adjustment

Ethical Hacking (Part 1): OWASP Top 10 and DVWA

Announcing the Testnet Winners

The banner picture for the testnet winning announcement has a blue and purple gradient. On the top of the page, there is a large gold crown. That’s followed by a large white headline text that reads “Testnet Winners” in bold  and capitalized letters. Neptune Mutual’s inverted logo appears below the title and at the bottom of the page.

Why Marketeers Need DMARC

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Adamant Finance

Adamant Finance

The #1 Autocompounder and Yield Optimizer for Polygon and Arbitrum

More from Medium

Lock Claiming & Sushi LPing

Geode Partners with Yield Yak & Eden Network

New Stage of Cyclone Protocol — Leaps in IoTeX!

Welcome to Node Squids — We are happy you have found us!