Kujira rescue option
Conversation3 posts223 views5 likesLast activity Aug 2024
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0x1984-SOP
Aug 2024 1Kujira is one of the top Defi chain in Cosmos ecosystem - especially it’s Orca liquidation, and Ghost/USK lending activities. It’s in crisis now as its core team borrowed USDC with KUJI token. At its current market cap of $50mmanbd potential need of $3m to restore the system, it might be a good idea for AADAO to step in for an injection with the conditions that (1) KUJI DAO diversification, (2) a certain percentage of KUJI token, and (3) KUJI migration into ATOM economical zone plus (4) other governance oversight/controls. Cosmos Hub has always been a loose alliance of various chains but we all see the benefits of tighter alignment for user experience and economic securities such as Ethereum L1/L2s
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jacobgadikian
Aug 2024I am opposed to this operation
