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Aragon DAO launches proposal requiring project to update and disclose $160 million in financial status
2023-11-01 00:28:56
Odaily News AragonDAO members have launched a proposal to require the project to update and disclose its $160 million financial status or file a lawsuit. It is reported that the tense relationship between investors and Aragon Association can be traced back to June 2022, when Aragon investors voted to hand over control of the project’s $160 million fund to a voting DAO by November 2022. However, the funds were never transferred. The association also stopped publishing transparency reports that provide information on fiscal spending. Aragon DAO members expressed their frustration with the Aragon Association’s lack of transparency and demanded answers from the organization.