Jacek.degen.eth 🎩 on Warpcast

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Jacek.degen.eth 🎩

1/9 GM Degens, after careful consideration—because it affects you most of all—we’ve decided to share with the community the difficulties we’ve been facing in migrating DEGEN L3 to a new service provider, which has delayed some exciting features. https://paragraph.xyz/@degentokenbase/a-frustrated-migration

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Jacek.degen.eth 🎩

2/9 To recap what happened to the chain: - DEGEN L3 was processing $200k+ in bridge volume per day - @conduit pushed a bad upgrade without notifying us - this caused 54 hours of downtime and led to $160k in lost user funds - then bridge volume dropped by 75+% over the next month

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Jacek.degen.eth 🎩

3/9 In the aftermath, @conduit: - refused to take ownership for damages to our community - refused our requests to upgrade the chain - withheld our sequencer fees - demanded a new contract absolving them of responsibility - negotiated said contract in bad faith over 3 months

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Jacek.degen.eth 🎩

4/9 We've been trying since early August to reach a solution with @conduit to migrate DEGEN L3 hosting away from their services Finally, a signed draft has arrived, but the last 3 months, particularly last week, have disillusioned us as to their motive and sincerity.

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Jacek.degen.eth 🎩

5/9 Ultimately, we have determined that they are not operating in good faith and are likely to maliciously comply with the proposed contract to delay the migration even further. We have an exciting upgrade that requires only a single signed transaction from the @conduit team—

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Jacek.degen.eth 🎩

6/9 But they aren't willing to make the necessary chain upgrades, despite owning the rollup keys. They've told us our new provider needs to handle it, and spent 3 months dragging their feet and delaying delivery of a migration plan...so our new provider can't access the chain either.

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Jacek.degen.eth 🎩

7/9 We always strive to do what’s best for the community, and we hope that @conduit will do right by you by promptly complying with the necessary steps to begin migration. Should they refuse, we hope this serves as a warning to other chains considering their infrastructure needs

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Jacek.degen.eth 🎩

8/9 As always, we can’t thank you enough for supporting DEGEN and for making this community as wonderful as we know it to be. This small speed bump will have no effect on tipping, the Base token, or any other aspect of the DEGEN ecosystem outside of L3.

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Jacek.degen.eth 🎩

9/9 So please feel free to keep tipping and contributing! If you feel it’s better to bridge off the chain, we totally understand. We’re hopeful that we’ll be able to restore trust in the DEGEN L3 before long. We love you all! The 🎩 stays on, Jacek and Colton

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Jacek.degen.eth 🎩

Update: https://x.com/degentokenbase/status/1854673494388490247

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Corbin Page pfp

Thanks for the update and sorry to hear that. Keep us posted as you work through the migration. 🎩🫡

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Inna Mosina 🎩🔵💎 pfp

Inna Mosina 🎩🔵💎

What an ugly and mean behavior from their side 💔. It's surprising that they care so little about their reputation 😕

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Abbas🎩👾 pfp

Thank you for the transparency. I have faith this will come to a happy ending for everyone. I hope @conduit will help with what is happening. Which will rebuild trust soon enough. Thank you again! Hat stays on🎩🪽

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KMac🍌 ⏩ ツ

Would like to hear their side of the story. Any links or threads from them we should be aware of?

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Mikado pfp

I don't have enough knowledge to fully understand the problem, but I'm confident you'll make the best decision for us all. thanks for all you do

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jimbo.base.eth 🎩 pfp

jimbo.base.eth 🎩

Thanks for the update. A small obstacle in the path of greatness to come! Let’s go! Thanks for pushing forward.

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Itsai ⌐◨-◨

Sorry yo hear that, providers are always thought to work with. Still changes are always better, best to come for degen my friend.

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Rico IS Here 🦊 🎩 pfp

Rico IS Here 🦊 🎩

Hope this gets sorted out and the L3 gets back to track. The hat stays on.

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Alphacaster 🎩

@alphacaster.eth

Pure intentionally. I believe these mfer taking extra things from somewhere else.

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Drakhonen pfp

They really have you/us by the Cojones, huh? LAME!!!!! The degen team are awesome, and thank you to everyone for your contributions to the community to date!! So sorry to read all this and totally bogus on all points you made regarding @conduit. Sharing this to X account as well. I/we will remain supportive/loyal. I can only imagine how enraging the journey you illustrated above must be.

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Mostafa 🎩 pfp

Thanks @jacek for everything ❤️❤️

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Samuel ツ pfp

@samuellhuber.eth

appreciate you communicating about it! hopefully all the background hurdles get sorted out with a happy end after all

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Manan pfp

thanks for sharing! are you able to share who the new provider is?

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AJ pfp

My hat stays on. I’m not going anywhere.

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Arrotu pfp

Thanks for the update and dealing with service provider in these situations ( ie bad faith , not accepting responsibility) is definitely frustrating and having dealt with that kind of behaviour in the past I surely do not envy you right now … so keep what you are doing and keep pushing it .. in the mean time we ll vibe as we normally do and looking forward to what comes next

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Dtractus 🎩 pfp

Finally, really finally.. Congratz 🤝🏻 And i need to run full-node with indexer for marketplace, can you help me about this?

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Fed🧔🏻🎩Ⓜ️

Thank you, Jacek, for the detailed description of the current situation. We all understand perfectly well that there are moments that do not depend on you or your team. And we all see what efforts you are making for the benefit of the whole society. Good luck with your hard work!🤝

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Katagiri_leo pfp

what will happen to current degen chain ?

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