🛬Background

Here's why we decided to create our own project

As investors, we have been involved in a number of projects that reach the point of being “unsustainable”. We soon discovered that many of these projects, by design, were never likely to provide a meaningful return for the majority of its investors.

When the projects are no longer sustainable, there has been similar patterns with what occurs next. Some will “pivot” for sustainability without any forewarning and ordinarily before the point of any investor making a return on investment. Other protocols end up with “contract balance issues” and decide to “Transfer the portfolio to V2” whilst others are just not great at communicating with the people who are putting their hard-earned capital in their hands, leaving investors in the dark about the next stage of development, if there is to be one.

Throughout the sustainability issues that these DeFi projects have faced, we’ve seen multitudes of communities come together to share their ideas and suggestions on how to take things forward. We’re not sure if they fell on deaf ears or were seriously considered and not viable, but one thing is clear: there wasn’t enough engagement.

Look, we’re not firing shots, we are just being honest, and it isn’t anything that hasn’t been expressed before. We like to think the best of people, and we’re sure everyone has done their best, It just wasn’t good enough. This led us down the path of doing something different, so here we are. We wouldn't be here if it weren't for our values.