A FRUSTRATED MIGRATION AND A PLEA TO THE DEGEN COMMUNITY

Summary from the TLDR Crypto newsletter

DEGEN has experienced challenges migrating its L3 blockchain from Conduit, citing prolonged delays, unfulfilled contractual obligations, and poor operational practices, which have consequently led to significant downtime, lost funds (~$160k), and withheld assets. It is launching a new L3 chain to ensure the community's interests are safeguarded and to restore trust in the ecosystem.