Once again Sonic Labs is showing that friends and family get special treatment while community/ecosystem doesn't matter.
This is the type of borderline criminal activity that drives the whole chain into a centralised hellhole no one wants to join.
No favouritism based bail out.
This is a huge red flag.
They've voted for less pressing matters and acted without voting in the past because of 'best interest' in the past.
Without Labs' vote it is in the hands of large validators who are the ones who benefit from this bail out as most had stS LPs.
@Lady_Mania528@cubestacker3@8bitsam Can confirm this. I was in touch with a few decent teams, all of which seemed interested on Sonic and actively engaging with protocols.
A lot of them didn’t deploy or did and left not long after because of 0 support and comms (and the incredibly confusing and hard onboarding).
@block_ecologist The two possible points that COULD be hope aren’t even confirmed.
- How big is the treasury?
There’s no proof, onchain or otherwise.
- Is it really ‘new leadership’?
Not enough has been done to prove it isn’t the same people pulling the strings from within.
Send help Ecologist
Gonna wear this bad boy out today.
Let’s see how much I can make from people thinking I’m homeless.
All proceeds will go towards buying $S so those nice people can lose money too
Those SS have been taken around 1 yr ago this month
@Equalizer0x on $ftm printed rewards for voters in 2024 that only a few protocols managed to do
It can do that on @SonicLabs again. $EQUAL brought excitement for #SONIC onchain. A vibing cult
Time to bring the cult back to $S
To recap:
@SonicLabs introduced a centralised feature to freeze $S balances without a vote because of the @Balancer (@beets_fi) exploit
Exploiter used offchain approvals to move assets to a new wallet and dump it all to @USDC
Credibility down, exploiter unaffected
We lose again
Old chain community takeover?
Quan back on tech
Simone back on marketing
Chen dropping 18000% yield bangers
Bebis running ICOs to 0
Unironically could probably be raised on
And no one cares re centralised validators in 2026 😅