Degen: Decided to migrate to DEGEN L3, or need to launch a new chain
11-07 14:49
Odaily News Degen officially announced that it decided to migrate DEGEN L3 to move away from the difficulties of the Rollup deployment platform Conduit service. "They have seized our rollup keys for several months, and we may need to restart a new chain." DEGEN L3 handles more than $200,000 in bridge transaction volume per day. Conduit pushed a bad upgrade without notice, which resulted in 54 hours of downtime and caused $160,000 in user funds to be lost. Subsequently, bridge transaction volume fell by more than 75% in the following month. After the incident, Conduit refused to be responsible for the community's losses. It rejected the Degen chain upgrade request and withheld sequencer fees, while requiring a new contract to be signed to avoid liability. Since the beginning of August, the Degen team has been working to reach a solution with Conduit to migrate DEGEN L3's hosting services, and it has been determined that Conduit has not cooperated in good faith.
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