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Red Flags With Origin Protocol OGN

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by COINS NEWS 130 Views

  1. No clear direction
    1. 2019: E-commerce play
    2. 2022: GameFi play
    3. 2022: Split OGV from OGN
    4. 2024: DeFi play, make 180 degree turn and merge OGV back to OGN
  2. Lack of teamwork between product and engineering
    1. Founder highlights "product and engineering issues" in Discord when asked about delays in PRIMEETH withdrawal amidst 28.69 % impermanent loss
    2. Smart contracts use different formulas for voting power and rewards, yet product uses the conflating term "APY" in the proposal
    3. Engineering wonders in Discord about deciding on the value of OGN rewards as the go live date draws near, and product sneaks in this value without mention in the proposal
    4. "Issue" between frontend and backend highlighted in Discord hours before go live on Ethereum Mainnet, and founder calls emergency meeting
  3. Attitude of team members
    1. Founder flexes "seven figures" worth of assets in Discord when asked about PRIMEETH withdrawal amidst 28.69 % impermanent loss
    2. Product replies "can't wait for the community to catch up" in Discord amidst delays in merging OGV back to OGN
    3. Uses Yu Pan (PayPal co-founder) in the team video despite Yu Pan moving on to start Mindy
submitted by /u/cowcodingcamp
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