Menese Protocol SNS announcement

[Lorimer]

@MeneseProtocol

The canisters remaining under the team for now are liquidity venues that the wallet can route through

Does this not mean the team have the power to route or syphon funds?

That being said, given that the controlling VP rests with the dev principles and not the decentralisation participants, this would be the case whether or not those canisters were under DAO control. So in some ways it feels like I’m making a moot point.

@bjoern

adding a more visible disclaimer to the participation screen of the NNS application

@bjoern, do you think it would be sensible to take the same approach here - making the controlling VP shares very explicit and visible to any who would participate in the sale? Also a disclaimer that the NNS is not responsible for having vetted dapp code might also be useful.

I find it very hard to adopt under these circumstances without knowing that decentralisation sale participants will very clearly know the nature of what they’re getting into.

@MeneseProtocol seem like a great team, and I’m not suggesting that users should be worried, but I am suggest that there are risks that users need to be aware of.

[MeneseProtocol]

No those canisters are not open to the public to participate in. As in they are not open to LPs. We had a policy and still maintain that very limited canisters carry user funds(where developers and/or team have access). The two exceptions that were opened to user funds was the Sol-ICP canister and the Cloak CLMM. We have communicated with the cloak community that their limit at the pool will be capped at 10k$ until it’s become under DAO and its code is public. Both canisters were opened to public under production readiness so we can see how they behave with users. As to VP shares and who holds what we put it very clearly to everyone in the proposal with VP shares translated to non tech people