Thank you for taking the time to investigate d2.finance. We indeed had an eventful summer. However, every challenge was amicably resolved through legal settlements governed by Swiss law, with leading Swiss law firms steering these settlements. These resolutions have firmly and legally positioned us to establish a protocol that, in the foreseeable future, can cater to the institutional readiness sought by our traditional finance contacts. This has been our vision ever since we ventured into this domain.
Although the precise terms of the settlements remain confidential, we have divulged all information that we’re allowed to share during our Alpha Friday sessions on our Discord server, which encompassed eight distinct issues, and during one AMA session. For further clarity, a substantial part of the payment you alluded to was channeled through vesting contracts, both as completion payments and as part of a voluntary buyback scheme for our investors. It’s crucial to emphasize that the buyback offer at 15 DSQ/USDC was made available to ALL our investors, whether primary or secondary. However, only a select few opted for this offer, with the majority (~70% of net liquidity) choosing to stake.
We also extend our heartfelt gratitude to the GMX and Camelot teams. Their guidance and unwavering moral support were pivotal in helping us reach this stage, enabling us to introduce what we believe will be the most innovative vaults in the entirety of DeFi on Arbitrum.
You can review the bid liquidity on Camelot Camelot DEX | Arbitrum native Decentralized Exchange