Proposal to sever any and all ties with API3

Proposals Community Proposal
1

I would like the community to consider removing all existing and future ties to API3. While he continues to complain about not getting the OP contract, and admittedly our current liquidation bots under performed recently, I just see API3 as a liability to the protocol. He is still bitter, even after dumping 50 MILLION well tokens for not getting the contract. Honestly, I would have left this alone, but after seeing this post today I realized the reality is this emotionally charged person could likely do more damage than good. The attached pics are of the post this morning and a screenshot of his admission to dumping from a post on this forum. I have made my point before about this unprofessional act in the past, and now I think we should address it fully. I admit the guy has a great product, but we need strong committed partners who can manage criticism.

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2

Please delete this. Seems so petty and :eye:4​:eye:

50 million WELL is dust

3

Interesting. I’m not sure you understand what eye for an eye means. This is not that. This is about a vender that intentionally tried to harm users of the Moonwell protocol. You may also think the 50 million (roughly 1M usd at the time) is “dust”, but when selling that in an open market with a low liquidity small marketcap coin, it could have real impacts for users who are less wealthier than you.

Consider this: you own a company and have thousands of customers. You hire a vendor that has a product that could help your customers. Then that vendor gets angry because he did not get something an additional contract. Then that vendor tries to harm your customers financially because of it. Would you continue to do business with him, would your customers be comfortable with that? What’s the best ethical decision to protect your customers? This is business 101, not, as you put it, an eye for and eye…

4

Agree to disagree.

I would need to know more about the details of his rejected proposal. Therefore I won’t form any opinion on that Or the actions he took.

Getting business sometimes involves getting leverage. His leverage was 50 million WELL for voting and dumping. Well has deeper liquidity pools than 99.9% of the farm tokens out there, that is Wells leverage.

Thanks for your reply. Good luck with the proposal.