The KyberSwap Exploiter’s Demands
The demands of the KyberSwap exploiter are extensive and ambitious. They include:
- Complete Executive Control: The exploiter wants absolute control over Kyber Network’s executive functions and decision-making processes.
- Ownership of Governance Mechanism (KyberDAO): Temporary full authority over KyberDAO is requested, allowing the exploiter to enact legislative changes.
- Access to Sensitive Information: The demand extends to the surrender of all documents and information related to KyberSwap, including finances and investors.
- Complete Asset Surrender: The exploiter calls for the surrender of all Kyber assets, including shares, tokens, partnerships, websites, and code.
- Executives Buyout: The exploiter promises a fair valuation for executives as they are bought out of the company.
- Employee Welfare: Employees under the new regime will receive a salary increase or a 12-month severance with benefits if they choose to leave.
- Token Holders and Investors Transformation: The exploiter aims to revitalize the value of Kyber tokens and transform KyberSwap into an entirely new project.
- Rebate for Liquidity Providers (LPs): LPs will receive a rebate on 50% of their losses from recent market-making activities.
Implications and Reactions
The demands of the KyberSwap exploiter have sparked intense discussions within the crypto community. Stakeholders face critical decisions as they weigh the potential benefits and risks. Some may be enticed by promises of fair buyouts, improved working conditions, and the transformation of Kyber. Others may resist a forced overhaul of the platform.
Conclusion
The demands of the KyberSwap exploiter have brought attention to the vulnerabilities and challenges faced by decentralized exchanges. As stakeholders navigate this situation, the crypto community eagerly watches to see how it unfolds. Will Kyber Network succumb to the exploiter’s vision or resist the call for radical transformation?
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