Tender, masquerading under the guise of an Arbitrum-centric protocol, seems to be a ship jumping from one port to another. After failing to make a mark on Arbitrum, they’ve now turned their eyes elsewhere:
https://twitter.com/Tender_fi/status/1695103888787902794
And let’s not forget their recent rebranding to Glend. One has to wonder, why such a drastic pivot if all was well? Their silence on this pivotal change in the proposal is deafening:
https://twitter.com/Tender_fi/status/1715106262310846832
But wait, there’s more! The Tender team’s penchant for amateurism reached its pinnacle when they recklessly updated their oracle code without any proper audit. Their blunder with the GMX oracle price (missing a mere matter of digits) was nothing short of a calamity, allowing a user to siphon off the entire protocol’s liquidity.
Lucky for them, the user had more scruples than skill.
Misleading APRs? Check. Tender’s audacity in inflating their APRs with fake esTND incentives while peddling them as regular APRs is nothing short of scandalous.
Now, let’s talk numbers. A staggering request for 750,000 ARB tokens in this proposal, juxtaposed against a paltry on-chain TVL of 4 million dollars? This flouts every reasonable DAO recommendation. Ridiculous
But where, pray tell, is their so-called ‘community’? One glance at their desolate Discord reveals a ghost town, with a lone moderator echoing in the silence.
The “team” behind Tender? While most left after the “exploit”, others remain enigmatic, what’s particularly puzzling is their Growth and Operation expert, the so-called “Dr” Justin Goldston. Despite his pivotal role, he’s never been introduced to the community. Why the secrecy?
Is it him ? https://twitter.com/Dr_Supply_Chain
Or one of these ?
I, a once proud member of the Tender community, was betrayed by this team while KOL were shilling “Tendies”.
Now, with eyes wide open, I beseech all delegates: Cast a resounding NO on this farcical proposal.