[Note: I’ve updated this post with additional detail provided by Train (Layer 2 DAO co-founder). My original post remains below this.]
Overview of the OPIncubator program
Layer 2 DAO’s Phase 0 governance grant 4 was to create an incubator program (OPIncubator) via a grant of 27 , 500 OP tokens to six different projects. Those who wanted to participate would purchase an NFT to be able to vote on the incubation. The goal of this was to increase the usage and grow the Optimism ecosystem.
Once the NFT and infrastructure were created, the selection of those projects was in the hands of those who wished to participate. On-chain voting via ownership of the L 2 StateOfMind NFT was commissioned as a part of the proposal. From that point forward the disbursement of the funds was not in the hands of the core team of Layer 2 DAO, but instead in the hands of those who wished to participate in the governance of that incubator program. The discussions regarding the OPIncubator program were held on the Layer 2 DAO Discord. Ownership of the OPIncubator governance NFT was available to anyone who wished to mint a NFT and participate in the snapshot votes.
More than two hundred unique wallet holders participated in each of these rounds. They had the chance to vet, ask questions, make suggestions to changes, and vote for or against these proposals. The attached transactions spreadsheet 16 , along with the snapshot votes by the OPIncubator participants, shows that Layer 2 DAO did in fact fulfill its grant proposal and has a few remaining tokens to expend as it wraps up its grant. Despite the bad faith that the Velodrome team has portrayed, Layer 2 DAO remains committed to growing the adoption of the L 2 community, which includes Optimism.
View the full accounting of the OpIncubator program 16 , including all transactions.
OPIncubator grant to NFT Earth
Each of the OPIncubator grant recipients were projects that received their funding with this in mind. As part of the process, the Layer 2 DAO community would ask them how it would continue the mission of building on L 2 s and increasing the adoption and usage of the Optimism chain (this is the spirit of what Phase 0 governance grants wanted to achieve). NFT Earth, while having some of the same team members (notably Weston), was and is a separate organization that was voted on by the OPIncubator NFT holders and approved as a grant recipient. This was not and is not the same organization that received the Phase 0 grant (Layer 2 DAO). Exosphere and I were asked if we wanted to join as advisors, which we accepted.
Jack’s own words in response to a OPIncubator recipient was:
“My understanding (and it could be flawed here) is that Decentragora has every right to do whatever it wants with the given OP – their reception in my mind is indistinguishable from someone receiving liquidity mining rewards”.
Attacks by the Velodrome team
We will continue to provide context to the community but do not and will not see the benefit of responding to each and every comment made as we are busy building and making L 2 s a better space. The parties involved would be wise to note that their actions are not just affecting Weston or the other team members but the thousands of token holders and partners that are also trying to build to make this a great space.
Jack and Alex had one goal that started with their conversation last week: prevent any further Layer 2 DAO or NFT Earth grant proposals from being considered. It appears that they have created enough FUD with false accusations to achieve this goal but it is my hope that the delegates and badge holders will see past their bias and false narrative and look at what was achieved despite Alex’s and Jack’s efforts.
There is little anyone can do to ever convince Jack and Alex of anything on these matters. I could say the sky is blue and they would say I am a liar simply because they have a vendetta against Weston. They say their motives are altruistic but the words and methods used to evaluate a situation are hardly neutral and poison the well before a conversation can even be had about a situation. Rather than approach the issue with “ hey i saw this and was wondering if you could provide some context,” their approach has been to say something along the lines of “I see you stole funds… or misappropriated grants… or you are rugging your project based on thes tx….care to comment?” The combative nature does not make room for having a conversation and instead presumes guilt before the conversation is even started. This is not a healthy approach to a Collective.
As this is not a court (other than public opinion) they don’t need to follow any sort of rules but have been allowed to make damaging remarks about projects without reproach as well as engage in character assassination and bullying of anyone who wishes to engage in conversation on this topic that disagrees with them. If you think about when a conflict takes place in or around your life or workplace, most individuals will opt not to get involved. They do not want to get “drawn into the drama.” Alex and Jack count on this and use it as a weapon by attacking any new voice that tries to enter the conversation as being an alt or unallowed to speak because of prior history or bags they hold. This, in effect, has a chilling effect on governance and the growth of the community. See examples below:
1600 × 982 229 KB
1600 × 307 145 KB
Alex and Jack have claimed that Weston was a founder of Layer 2 DAO. They know this is not true and have been told that repeatedly. Weston was recruited to the team at a point after the OP grant was received by Layer 2 DAO. The DAO was initially founded by me and Exosphere.
Jack has made the claim that Layer 2 DAO was reprimanded, its ability to participate as a delegate was revoked, and its participation in a prior grant round disallowed because of some prior action. We have found no evidence – other than Jack and Alex’s words – that any vote by governance was ever made to such effect. No public notice, or otherwise, was ever provided to Exosphere as a delegate or the DAO as a grant recipient. In fact, Exosphere is still an active delegate. Their goal in presenting this as fact is to color the opinions of those who have not previously been involved. By stating it this way it suggests that these issues have already been decided and enacted by the governance community rather than just themselves. The truth is they were resolved, and no action was taken. Layer 2 DAO complied with the OP Foundation’s representatives to their satisfaction and the parties moved forward with building on Optimism.
Alex has also made a false claim in the OP discord channel “As a reminder“, again using the phrase as to insinuate that all in the community have agreed to the notion” that the DAO used the grant to “soft rug” its token holders.
1600 × 528 191 KB
His purported proof was a price graph of the token. If I were to lay the ETH price graph over it I guess the DAO would have been responsible for “soft rugging” ETH at the same time. This type of behavior if gone unchecked by other council members or delegates will continue to devolve the community. The code of conduct exists to deter this behavior but so far it has not been enforced with any regularity on its participants. Alex is aware that a multisig wallet was exploited and Layer 2 DAOs tokens were taken and later on recovered. The aftermath was documented and presented in our after action report. It is interesting that Alex was able to post a screenshot and tweet within seconds of the exploit happening as if he knew it was going to happen:
975 × 1226 123 KB
So at 2 : 10 price is fine, at 2 : 15 disaster happens for the team and token holders, and at 2 : 18 , per his screenshot on DexScreener, Alex goes to a partner protocol of Layer 2 DAO to FUD and asks if we just rugged them? You’re telling me in 180 seconds between the time it occurred his first thought was to tee up a beautiful negative chart - write a post and send it?
Conclusion
The bias and how far they are willing to go to create a narrative at whatever cost is transparent. Bottom line. The Governance Grant during phase 0 was far more undeveloped than the grant proposals and accords are today. Likely, if the OPIncubator grant was proposed today, it would have a lot more caveats to it than existed at the time it was created and funded. The proposal was meant to further the mission of Optimism growth and participation and it succeeded in doing just that. We continue to engage in a meaningful transparent fashion and are happy to discuss with the community the successes we have experienced with the OPIncubator project.
[Note from Exosphere: Below is my original post]
Hi Optimism community! You might already know me, but if not, I’m Exosphere, one of the core team members of Layer 2 DAO. I co-founded Layer 2 DAO at the beginning of 2022 to provide the Ethereum L 2 space a central community, coordinate promotional efforts to further the L 2 space, and collaborate on projects. I’m also a delegate on Optimism.
Many of our efforts focused on Optimism, as one of the most promising L 2 networks. We chose to launch an early adopter NFT collection on Optimism that allowed L 2 early adopters to mint for free an NFT that corresponded in level to the number of L 2 networks that they bridged assets to in 2021 (example of the Level 1 NFT 2 ). We partnered with Quix (we helped them launch their NFT launchpad) and ended up minting over 20 , 000 NFTs, many of which where the first time someone owned an NFT on an L 2 .
This NFT activity ended up making us eligible for OP governance round 0 , with a 300 , 000 OP allocation. The center piece of our proposal 4 was the OPIncubator program, which over six rounds would distribute 27500 OP each to six projects that our community deemed worthy of the support. OP Governance was very young at that time, and there was limited guidance what the OP grant should be used for, especially compared to today. The program one of our community members came up with was a way to allow our Layer 2 DAO community to decide which projects would receive some of our OP tokens, while also teaching on-chain governance to people that might have been priced out on other chains.
In late 2022 the Optimism community was shocked that Quix, the hub of NFT activity on Optimism, announced that they were shutting down. Given that we had a front-row seat with our own NFTs, we saw NFT trading drop significantly on Optimism. In our opinion that was a significant blow to the future of the Optimism network, and the success of NFTs on L 2 . Our community sprung into action and started looking for other projects that would fill the void. After not being able to find a team that was stepping in, Weston, one of Layer 2 DAO’s core team members, decided to take action assemble a team to start NFT Earth. Personally, I was asked to be an advisor to the project, which I was glad to do considering how important NFTs were to onboarding people to the L 2 ecosystem. Although some of the team overlaps between the Layer 2 DAO and NFT Earth, they function as completely separate entities and are governed differently.
Eventually the NFT Earth team approached Layer 2 DAO with the possibility of applying for an OPIncubator grant. We thought this would be an excellent use of the program, since Optimism was lacking an Optimism-focused successor to Quix and NFT activity was severely down on the network. This was one of several funding sources that NFT Earth was able to secure. The project needed to move fast since they quickly started incurring 5 -digit hosting expenses and needed to capture market share to be viable.
From our knowledge the NFT Earth team has used their OPIncubator grant as planned and has succeeded in standing up a fully functional NFT exchange that already has captured a portion of NFT trading volume on Optimism. They launched their own token via airdrop to build further community and create incentives for trading NFTs on Optimism.
Over the last week, some Optimism community members have started targeting NFT Earth and Layer 2 DAO, spreading baseless accusations and lies. While we are unsure of their motivations, I believe this is a mix of old grudges (Velodrome team and Weston have a known history of conflict) and competitiveness (rumors have it that OptiChads is working on their own NFT exchange and want to kneecap NFT Earth before it receives an OP grant in round 11 ). They are spreading lies about these projects on social media, OP governance, and personally attacking Weston in ways that break the Optimism community guidelines. They are directly approaching our partner projects and bullying them into severing ties with us.
I urge the Optimism community to see past these intimidation tactics and reject this harassment by the offending teams. Their playbook of flooding Optimism governance with so much misleading information that no one can tell truth from fiction only hurts the Optimism governance experiment.
Layer 2 DAO prides itself in exposing the larger crypto community to the decentralization that L 2 s offer and remains focused on helping onboard the larger crypto community to L 2 s. Please let me know if you have any questions that I can answer.
The post provides an overview of the OPIncubator program initiated by Layer 2 DAO's Phase 0 governance grant, aimed at creating an incubator program to support projects within the Optimism ecosystem. The post details the process of project selection, funding distribution, and the involvement of the community in governance decisions. It also addresses attacks by the Velodrome team, false claims made against Layer 2 DAO and NFT Earth, and emphasizes the commitment of Layer 2 DAO to fostering the growth and adoption of the L2 community despite challenges.
[Note: I’ve updated this post with additional detail provided by Train (Layer 2 DAO co-founder). My…
[Note: I’ve updated this post with additional detail provided by Train (Layer 2 DAO co-founder). My original post remains below this.]
Overview of the OPIncubator program
Layer 2 DAO’s Phase 0 governance grant was to create an incubator program (OPIncubator) via a grant of 27 , 500 OP tokens to six different projects. Those who wanted to participate would purchase an NFT to be able to vote on the incubation. The goal of this was to increase the usage and grow the Optimism ecosystem.
Once the NFT and infrastructure were created, the selection of those projects was in the hands of those who wished to participate. On-chain voting via ownership of the L 2 StateOfMind NFT was commissioned as a part of the proposal. From that point forward the disbursement of the funds was not in the hands of the core team of Layer 2 DAO, but instead in the hands of those who wished to participate in the governance of that incubator program. The discussions regarding the OPIncubator program were held on the Layer 2 DAO Discord. Ownership of the OPIncubator governance NFT was available to anyone who wished to mint a NFT and participate in the snapshot votes.
More than two hundred unique wallet holders participated in each of these rounds. They had the chance to vet, ask questions, make suggestions to changes, and vote for or against these proposals. The attached transactions spreadsheet, along with the snapshot votes by the OPIncubator participants, shows that Layer 2 DAO did in fact fulfill its grant proposal and has a few remaining tokens to expend as it wraps up its grant. Despite the bad faith that the Velodrome team has portrayed, Layer 2 DAO remains committed to growing the adoption of the L 2 community, which includes Optimism.
View the full accounting of the OpIncubator program, including all transactions.
OPIncubator grant to NFT Earth
Each of the OPIncubator grant recipients were projects that received their funding with this in mind. As part of the process, the Layer 2 DAO community would ask them how it would continue the mission of building on L 2 s and increasing the adoption and usage of the Optimism chain (this is the spirit of what Phase 0 governance grants wanted to achieve). NFT Earth, while having some of the same team members (notably Weston), was and is a separate organization that was voted on by the OPIncubator NFT holders and approved as a grant recipient. This was not and is not the same organization that received the Phase 0 grant (Layer 2 DAO). Exosphere and I were asked if we wanted to join as advisors, which we accepted.
Jack’s own words in response to a OPIncubator recipient was:
“My understanding (and it could be flawed here) is that Decentragora has every right to do whatever it wants with the given OP – their reception in my mind is indistinguishable from someone receiving liquidity mining rewards”.
Attacks by the Velodrome team
We will continue to provide context to the community but do not and will not see the benefit of responding to each and every comment made as we are busy building and making L 2 s a better space. The parties involved would be wise to note that their actions are not just affecting Weston or the other team members but the thousands of token holders and partners that are also trying to build to make this a great space.
Jack and Alex had one goal that started with their conversation last week: prevent any further Layer 2 DAO or NFT Earth grant proposals from being considered. It appears that they have created enough FUD with false accusations to achieve this goal but it is my hope that the delegates and badge holders will see past their bias and false narrative and look at what was achieved despite Alex’s and Jack’s efforts.
There is little anyone can do to ever convince Jack and Alex of anything on these matters. I could say the sky is blue and they would say I am a liar simply because they have a vendetta against Weston. They say their motives are altruistic but the words and methods used to evaluate a situation are hardly neutral and poison the well before a conversation can even be had about a situation. Rather than approach the issue with “ hey i saw this and was wondering if you could provide some context,” their approach has been to say something along the lines of “I see you stole funds… or misappropriated grants… or you are rugging your project based on thes tx….care to comment?” The combative nature does not make room for having a conversation and instead presumes guilt before the conversation is even started. This is not a healthy approach to a Collective.
As this is not a court (other than public opinion) they don’t need to follow any sort of rules but have been allowed to make damaging remarks about projects without reproach as well as engage in character assassination and bullying of anyone who wishes to engage in conversation on this topic that disagrees with them. If you think about when a conflict takes place in or around your life or workplace, most individuals will opt not to get involved. They do not want to get “drawn into the drama.” Alex and Jack count on this and use it as a weapon by attacking any new voice that tries to enter the conversation as being an alt or unallowed to speak because of prior history or bags they hold. This, in effect, has a chilling effect on governance and the growth of the community. See examples below:
1600 × 982 229 KB
1600 × 307 145 KB
Alex and Jack have claimed that Weston was a founder of Layer 2 DAO. They know this is not true and have been told that repeatedly. Weston was recruited to the team at a point after the OP grant was received by Layer 2 DAO. The DAO was initially founded by me and Exosphere.
Jack has made the claim that Layer 2 DAO was reprimanded, its ability to participate as a delegate was revoked, and its participation in a prior grant round disallowed because of some prior action. We have found no evidence – other than Jack and Alex’s words – that any vote by governance was ever made to such effect. No public notice, or otherwise, was ever provided to Exosphere as a delegate or the DAO as a grant recipient. In fact, Exosphere is still an active delegate. Their goal in presenting this as fact is to color the opinions of those who have not previously been involved. By stating it this way it suggests that these issues have already been decided and enacted by the governance community rather than just themselves. The truth is they were resolved, and no action was taken. Layer 2 DAO complied with the OP Foundation’s representatives to their satisfaction and the parties moved forward with building on Optimism.
Alex has also made a false claim in the OP discord channel “As a reminder“, again using the phrase as to insinuate that all in the community have agreed to the notion” that the DAO used the grant to “soft rug” its token holders.
1600 × 528 191 KB
His purported proof was a price graph of the token. If I were to lay the ETH price graph over it I guess the DAO would have been responsible for “soft rugging” ETH at the same time. This type of behavior if gone unchecked by other council members or delegates will continue to devolve the community. The code of conduct exists to deter this behavior but so far it has not been enforced with any regularity on its participants. Alex is aware that a multisig wallet was exploited and Layer 2 DAOs tokens were taken and later on recovered. The aftermath was documented and presented in our after action report. It is interesting that Alex was able to post a screenshot and tweet within seconds of the exploit happening as if he knew it was going to happen:
975 × 1226 123 KB
So at 2 : 10 price is fine, at 2 : 15 disaster happens for the team and token holders, and at 2 : 18 , per his screenshot on DexScreener, Alex goes to a partner protocol of Layer 2 DAO to FUD and asks if we just rugged them? You’re telling me in 180 seconds between the time it occurred his first thought was to tee up a beautiful negative chart - write a post and send it?
Conclusion
The bias and how far they are willing to go to create a narrative at whatever cost is transparent. Bottom line. The Governance Grant during phase 0 was far more undeveloped than the grant proposals and accords are today. Likely, if the OPIncubator grant was proposed today, it would have a lot more caveats to it than existed at the time it was created and funded. The proposal was meant to further the mission of Optimism growth and participation and it succeeded in doing just that. We continue to engage in a meaningful transparent fashion and are happy to discuss with the community the successes we have experienced with the OPIncubator project.
[Note from Exosphere: Below is my original post]
Hi Optimism community! You might already know me, but if not, I’m Exosphere, one of the core team members of Layer 2 DAO. I co-founded Layer 2 DAO at the beginning of 2022 to provide the Ethereum L 2 space a central community, coordinate promotional efforts to further the L 2 space, and collaborate on projects. I’m also a delegate on Optimism.
Many of our efforts focused on Optimism, as one of the most promising L 2 networks. We chose to launch an early adopter NFT collection on Optimism that allowed L 2 early adopters to mint for free an NFT that corresponded in level to the number of L 2 networks that they bridged assets to in 2021 (example of the Level 1 NFT). We partnered with Quix (we helped them launch their NFT launchpad) and ended up minting over 20 , 000 NFTs, many of which where the first time someone owned an NFT on an L 2 .
This NFT activity ended up making us eligible for OP governance round 0 , with a 300 , 000 OP allocation. The center piece of our proposal was the OPIncubator program, which over six rounds would distribute 27500 OP each to six projects that our community deemed worthy of the support. OP Governance was very young at that time, and there was limited guidance what the OP grant should be used for, especially compared to today. The program one of our community members came up with was a way to allow our Layer 2 DAO community to decide which projects would receive some of our OP tokens, while also teaching on-chain governance to people that might have been priced out on other chains.
In late 2022 the Optimism community was shocked that Quix, the hub of NFT activity on Optimism, announced that they were shutting down. Given that we had a front-row seat with our own NFTs, we saw NFT trading drop significantly on Optimism. In our opinion that was a significant blow to the future of the Optimism network, and the success of NFTs on L 2 . Our community sprung into action and started looking for other projects that would fill the void. After not being able to find a team that was stepping in, Weston, one of Layer 2 DAO’s core team members, decided to take action assemble a team to start NFT Earth. Personally, I was asked to be an advisor to the project, which I was glad to do considering how important NFTs were to onboarding people to the L 2 ecosystem. Although some of the team overlaps between the Layer 2 DAO and NFT Earth, they function as completely separate entities and are governed differently.
Eventually the NFT Earth team approached Layer 2 DAO with the possibility of applying for an OPIncubator grant. We thought this would be an excellent use of the program, since Optimism was lacking an Optimism-focused successor to Quix and NFT activity was severely down on the network. This was one of several funding sources that NFT Earth was able to secure. The project needed to move fast since they quickly started incurring 5 -digit hosting expenses and needed to capture market share to be viable.
From our knowledge the NFT Earth team has used their OPIncubator grant as planned and has succeeded in standing up a fully functional NFT exchange that already has captured a portion of NFT trading volume on Optimism. They launched their own token via airdrop to build further community and create incentives for trading NFTs on Optimism.
Over the last week, some Optimism community members have started targeting NFT Earth and Layer 2 DAO, spreading baseless accusations and lies. While we are unsure of their motivations, I believe this is a mix of old grudges (Velodrome team and Weston have a known history of conflict) and competitiveness (rumors have it that OptiChads is working on their own NFT exchange and want to kneecap NFT Earth before it receives an OP grant in round 11 ). They are spreading lies about these projects on social media, OP governance, and personally attacking Weston in ways that break the Optimism community guidelines. They are directly approaching our partner projects and bullying them into severing ties with us.
I urge the Optimism community to see past these intimidation tactics and reject this harassment by the offending teams. Their playbook of flooding Optimism governance with so much misleading information that no one can tell truth from fiction only hurts the Optimism governance experiment.
Layer 2 DAO prides itself in exposing the larger crypto community to the decentralization that L 2 s offer and remains focused on helping onboard the larger crypto community to L 2 s. Please let me know if you have any questions that I can answer.
app.safe.global
Safe 4
Safe (prev. Gnosis Safe) is the most trusted platform to manage digi…
app.safe.global
Safe 4
Safe (prev. Gnosis Safe) is the most trusted platform to manage digital assets on Ethereum and multiple EVMs. Over $ 40 B secured.
Is this the multisig that the NFTE team used? (YES)
twitter.com
OP Whales ? ? 5
@op_whales
27 , 500 . 00 $OP ($ 81 , 950 . 00 ) transfer
from ? Layer 2 Dao
to ? 0 x 5 A 711 A 7 aaE 4 A 270 C 05 FB 9 D 67544 dDCD 2694 bDC 2 c
optimistic.etherscan.io/tx/ 0 x 4401 a 6 d 45 …
9 : 53 PM - 2 Feb 2023
2
weird… it seems that the funds were sold and than sent to 20 different wallets that market bought $NFTE, random altcoins, and wash traded on the exchange.
FractalVisions: I agree after seeing the discussion from the other governance members in the discord who confronted the team here it seems they have been avoiding submitting any on chain data to provide evidence that says otherwise. Great job on finding this information in an effort to keep the community here on Optimism a little bit safer from bad actors.
Afoskalex: Was it used for the purpose it was earmaked. Be truthful to yourself.
app.safe.global
Safe
Safe (prev. Gnosis Safe) is the most trusted platform to manage digital …
app.safe.global
Safe
Safe (prev. Gnosis Safe) is the most trusted platform to manage digital assets on Ethereum and multiple EVMs. Over $ 40 B secured.
Is this the multisig that the NFTE team used? (YES)
twitter.com
OP Whales ? ?
@op_whales
27 , 500 . 00 $OP ($ 81 , 950 . 00 ) transfer
from ? Layer 2 Dao
to ? 0 x 5 A 711 A 7 aaE 4 A 270 C 05 FB 9 D 67544 dDCD 2694 bDC 2 c
optimistic.etherscan.io/tx/ 0 x 4401 a 6 d 45 …
9 : 53 PM - 2 Feb 2023
2
weird… it seems that the funds were sold and than sent to 20 different wallets that market bought $NFTE, random altcoins, and wash traded on the exchange.
FractalVisions: I agree after seeing the discussion from the other governance members in the discord who confronted the team here it seems they have been avoiding submitting any on chain data to provide evidence that says otherwise. Great job on finding this information in an effort to keep the community here on Optimism a little bit safer from bad actors.
Afoskalex: Was it used for the purpose it was earmaked. Be truthful to yourself.
I agree :point_up: after seeing the discussion from the other governance members in the discord who…
I agree :point_up: after seeing the discussion from the other governance members in the discord who confronted the team here it seems they have been avoiding submitting any on chain data to provide evidence that says otherwise. Great :+ 1 : job on finding this information in an effort to keep the community here on Optimism a little bit safer from bad actors.
Layer 2 dao conducted the best governance system on Optimism via l 2 stateofmind dynamic NFT which …
Layer 2 dao conducted the best governance system on Optimism via l 2 stateofmind dynamic NFT which was used for voting in deciding OPIncubator grant to different projects.
NFTEARTH marketplace was voted for by the community as well before grants were released.
Fud from some disgruntled individuals is indeed portraying Optimism in a bad light.
Allow NFTEARTH to thrive and see how NFT’S on Optimism will thrive as well.
[Note: I’ve updated this post with additional detail provided by Train (Layer 2 DAO co-founder). My…
[Note: I’ve updated this post with additional detail provided by Train (Layer 2 DAO co-founder). My original post remains below this.] Overview of the OPIncubator program Layer 2 DAO’s Phase 0 governance grant 4 was to create an incubator program (OPIncubator) via a grant of 27 , 500 OP tokens to six different projects. Those who wanted to participate would purchase an NFT to be able to vote on the incubation. The goal of this was to increase the usage and grow the Optimism ecosystem. Once the NFT and infrastructure were created, the selection of those projects was in the hands of those who wished to participate. On-chain voting via ownership of the L 2 StateOfMind NFT was commissioned as a part of the proposal. From that point forward the disbursement of the funds was not in the hands of the core team of Layer 2 DAO, but instead in the hands of those who wished to participate in the governance of that incubator program. The discussions regarding the OPIncubator program were held on the Layer 2 DAO Discord. Ownership of the OPIncubator governance NFT was available to anyone who wished to mint a NFT and participate in the snapshot votes. More than two hundred unique wallet holders participated in each of these rounds. They had the chance to vet, ask questions, make suggestions to changes, and vote for or against these proposals. The attached transactions spreadsheet 16 , along with the snapshot votes by the OPIncubator participants, shows that Layer 2 DAO did in fact fulfill its grant proposal and has a few remaining tokens to expend as it wraps up its grant. Despite the bad faith that the Velodrome team has portrayed, Layer 2 DAO remains committed to growing the adoption of the L 2 community, which includes Optimism. View the full accounting of the OpIncubator program 16 , including all transactions. OPIncubator grant to NFT Earth Each of the OPIncubator grant recipients were projects that received their funding with this in mind. As part of the process, the Layer 2 DAO community would ask them how it would continue the mission of building on L 2 s and increasing the adoption and usage of the Optimism chain (this is the spirit of what Phase 0 governance grants wanted to achieve). NFT Earth, while having some of the same team members (notably Weston), was and is a separate organization that was voted on by the OPIncubator NFT holders and approved as a grant recipient. This was not and is not the same organization that received the Phase 0 grant (Layer 2 DAO). Exosphere and I were asked if we wanted to join as advisors, which we accepted. Jack’s own words in response to a OPIncubator recipient was: “My understanding (and it could be flawed here) is that Decentragora has every right to do whatever it wants with the given OP – their reception in my mind is indistinguishable from someone receiving liquidity mining rewards”. Attacks by the Velodrome team We will continue to provide context to the community but do not and will not see the benefit of responding to each and every comment made as we are busy building and making L 2 s a better space. The parties involved would be wise to note that their actions are not just affecting Weston or the other team members but the thousands of token holders and partners that are also trying to build to make this a great space. Jack and Alex had one goal that started with their conversation last week: prevent any further Layer 2 DAO or NFT Earth grant proposals from being considered. It appears that they have created enough FUD with false accusations to achieve this goal but it is my hope that the delegates and badge holders will see past their bias and false narrative and look at what was achieved despite Alex’s and Jack’s efforts. There is little anyone can do to ever convince Jack and Alex of anything on these matters. I could say the sky is blue and they would say I am a liar simply because they have a vendetta against Weston. They say their motives are altruistic but the words and methods used to evaluate a situation are hardly neutral and poison the well before a conversation can even be had about a situation. Rather than approach the issue with “ hey i saw this and was wondering if you could provide some context,” their approach has been to say something along the lines of “I see you stole funds… or misappropriated grants… or you are rugging your project based on thes tx….care to comment?” The combative nature does not make room for having a conversation and instead presumes guilt before the conversation is even started. This is not a healthy approach to a Collective. As this is not a court (other than public opinion) they don’t need to follow any sort of rules but have been allowed to make damaging remarks about projects without reproach as well as engage in character assassination and bullying of anyone who wishes to engage in conversation on this topic that disagrees with them. If you think about when a conflict takes place in or around your life or workplace, most individuals will opt not to get involved. They do not want to get “drawn into the drama.” Alex and Jack count on this and use it as a weapon by attacking any new voice that tries to enter the conversation as being an alt or unallowed to speak because of prior history or bags they hold. This, in effect, has a chilling effect on governance and the growth of the community. See examples below: 1600 × 982 229 KB 1600 × 307 145 KB Alex and Jack have claimed that Weston was a founder of Layer 2 DAO. They know this is not true and have been told that repeatedly. Weston was recruited to the team at a point after the OP grant was received by Layer 2 DAO. The DAO was initially founded by me and Exosphere. Jack has made the claim that Layer 2 DAO was reprimanded, its ability to participate as a delegate was revoked, and its participation in a prior grant round disallowed because of some prior action. We have found no evidence – other than Jack and Alex’s words – that any vote by governance was ever made to such effect. No public notice, or otherwise, was ever provided to Exosphere as a delegate or the DAO as a grant recipient. In fact, Exosphere is still an active delegate. Their goal in presenting this as fact is to color the opinions of those who have not previously been involved. By stating it this way it suggests that these issues have already been decided and enacted by the governance community rather than just themselves. The truth is they were resolved, and no action was taken. Layer 2 DAO complied with the OP Foundation’s representatives to their satisfaction and the parties moved forward with building on Optimism. Alex has also made a false claim in the OP discord channel “As a reminder“, again using the phrase as to insinuate that all in the community have agreed to the notion” that the DAO used the grant to “soft rug” its token holders. 1600 × 528 191 KB His purported proof was a price graph of the token. If I were to lay the ETH price graph over it I guess the DAO would have been responsible for “soft rugging” ETH at the same time. This type of behavior if gone unchecked by other council members or delegates will continue to devolve the community. The code of conduct exists to deter this behavior but so far it has not been enforced with any regularity on its participants. Alex is aware that a multisig wallet was exploited and Layer 2 DAOs tokens were taken and later on recovered. The aftermath was documented and presented in our after action report. It is interesting that Alex was able to post a screenshot and tweet within seconds of the exploit happening as if he knew it was going to happen: 975 × 1226 123 KB So at 2 : 10 price is fine, at 2 : 15 disaster happens for the team and token holders, and at 2 : 18 , per his screenshot on DexScreener, Alex goes to a partner protocol of Layer 2 DAO to FUD and asks if we just rugged them? You’re telling me in 180 seconds between the time it occurred his first thought was to tee up a beautiful negative chart - write a post and send it? Conclusion The bias and how far they are willing to go to create a narrative at whatever cost is transparent. Bottom line. The Governance Grant during phase 0 was far more undeveloped than the grant proposals and accords are today. Likely, if the OPIncubator grant was proposed today, it would have a lot more caveats to it than existed at the time it was created and funded. The proposal was meant to further the mission of Optimism growth and participation and it succeeded in doing just that. We continue to engage in a meaningful transparent fashion and are happy to discuss with the community the successes we have experienced with the OPIncubator project. [Note from Exosphere: Below is my original post] Hi Optimism community! You might already know me, but if not, I’m Exosphere, one of the core team members of Layer 2 DAO. I co-founded Layer 2 DAO at the beginning of 2022 to provide the Ethereum L 2 space a central community, coordinate promotional efforts to further the L 2 space, and collaborate on projects. I’m also a delegate on Optimism. Many of our efforts focused on Optimism, as one of the most promising L 2 networks. We chose to launch an early adopter NFT collection on Optimism that allowed L 2 early adopters to mint for free an NFT that corresponded in level to the number of L 2 networks that they bridged assets to in 2021 (example of the Level 1 NFT 2 ). We partnered with Quix (we helped them launch their NFT launchpad) and ended up minting over 20 , 000 NFTs, many of which where the first time someone owned an NFT on an L 2 . This NFT activity ended up making us eligible for OP governance round 0 , with a 300 , 000 OP allocation. The center piece of our proposal 4 was the OPIncubator program, which over six rounds would distribute 27500 OP each to six projects that our community deemed worthy of the support. OP Governance was very young at that time, and there was limited guidance what the OP grant should be used for, especially compared to today. The program one of our community members came up with was a way to allow our Layer 2 DAO community to decide which projects would receive some of our OP tokens, while also teaching on-chain governance to people that might have been priced out on other chains. In late 2022 the Optimism community was shocked that Quix, the hub of NFT activity on Optimism, announced that they were shutting down. Given that we had a front-row seat with our own NFTs, we saw NFT trading drop significantly on Optimism. In our opinion that was a significant blow to the future of the Optimism network, and the success of NFTs on L 2 . Our community sprung into action and started looking for other projects that would fill the void. After not being able to find a team that was stepping in, Weston, one of Layer 2 DAO’s core team members, decided to take action assemble a team to start NFT Earth. Personally, I was asked to be an advisor to the project, which I was glad to do considering how important NFTs were to onboarding people to the L 2 ecosystem. Although some of the team overlaps between the Layer 2 DAO and NFT Earth, they function as completely separate entities and are governed differently. Eventually the NFT Earth team approached Layer 2 DAO with the possibility of applying for an OPIncubator grant. We thought this would be an excellent use of the program, since Optimism was lacking an Optimism-focused successor to Quix and NFT activity was severely down on the network. This was one of several funding sources that NFT Earth was able to secure. The project needed to move fast since they quickly started incurring 5 -digit hosting expenses and needed to capture market share to be viable. From our knowledge the NFT Earth team has used their OPIncubator grant as planned and has succeeded in standing up a fully functional NFT exchange that already has captured a portion of NFT trading volume on Optimism. They launched their own token via airdrop to build further community and create incentives for trading NFTs on Optimism. Over the last week, some Optimism community members have started targeting NFT Earth and Layer 2 DAO, spreading baseless accusations and lies. While we are unsure of their motivations, I believe this is a mix of old grudges (Velodrome team and Weston have a known history of conflict) and competitiveness (rumors have it that OptiChads is working on their own NFT exchange and want to kneecap NFT Earth before it receives an OP grant in round 11 ). They are spreading lies about these projects on social media, OP governance, and personally attacking Weston in ways that break the Optimism community guidelines. They are directly approaching our partner projects and bullying them into severing ties with us. I urge the Optimism community to see past these intimidation tactics and reject this harassment by the offending teams. Their playbook of flooding Optimism governance with so much misleading information that no one can tell truth from fiction only hurts the Optimism governance experiment. Layer 2 DAO prides itself in exposing the larger crypto community to the decentralization that L 2 s offer and remains focused on helping onboard the larger crypto community to L 2 s. Please let me know if you have any questions that I can answer.
app.safe.global Safe 4 Safe (prev. Gnosis Safe) is the most trusted platform to manage digi…
app.safe.global Safe 4 Safe (prev. Gnosis Safe) is the most trusted platform to manage digital assets on Ethereum and multiple EVMs. Over $ 40 B secured. Is this the multisig that the NFTE team used? (YES) twitter.com OP Whales ? ? 5 @op_whales 27 , 500 . 00 $OP ($ 81 , 950 . 00 ) transfer from ? Layer 2 Dao to ? 0 x 5 A 711 A 7 aaE 4 A 270 C 05 FB 9 D 67544 dDCD 2694 bDC 2 c optimistic.etherscan.io/tx/ 0 x 4401 a 6 d 45 … 9 : 53 PM - 2 Feb 2023 2 weird… it seems that the funds were sold and than sent to 20 different wallets that market bought $NFTE, random altcoins, and wash traded on the exchange.
FractalVisions: I agree after seeing the discussion from the other governance members in the discord who confronted the team here it seems they have been avoiding submitting any on chain data to provide evidence that says otherwise. Great job on finding this information in an effort to keep the community here on Optimism a little bit safer from bad actors.
Afoskalex: Was it used for the purpose it was earmaked. Be truthful to yourself.
I agree :point_up: after seeing the discussion from the other governance members in the discord who…
I agree :point_up: after seeing the discussion from the other governance members in the discord who confronted the team here it seems they have been avoiding submitting any on chain data to provide evidence that says otherwise. Great :+ 1 : job on finding this information in an effort to keep the community here on Optimism a little bit safer from bad actors.
Layer 2 dao conducted the best governance system on Optimism via l 2 stateofmind dynamic NFT which …
Layer 2 dao conducted the best governance system on Optimism via l 2 stateofmind dynamic NFT which was used for voting in deciding OPIncubator grant to different projects. NFTEARTH marketplace was voted for by the community as well before grants were released. Fud from some disgruntled individuals is indeed portraying Optimism in a bad light. Allow NFTEARTH to thrive and see how NFT’S on Optimism will thrive as well.
I am surprise at the attack on Layer 2 dao and NFTEarth, it shows the kind of people we have in thi…
I am surprise at the attack on Layer 2 dao and NFTEarth, it shows the kind of people we have in this ecosystem. @Dicaso I think it will be good if you can substantiate your allegation with proof. Bringing other projects down to promote your own is not healthy for optimism ecosystem, bring out your ingenuity that is what will make us trust your HYPERDRIVE project.
I am an early OP user and adopter. I have no personal ties with the L 2 Dao or NFTearth team. Howev…
I am an early OP user and adopter. I have no personal ties with the L 2 Dao or NFTearth team. However I am an OG member of both projects and fully support both projects and both teams . I am an active member of both discords as well as the OP discord and governance. I can attest to voting on all issues where it was required as well as discussion and community engagement by the teams on matters even when discussion wasnt mandatory. I have seen both projects thrive and aggressively and consistently encourage and support growth of the L 2 ecosystem. The personal unwarranted attack happening to them is very unfortunate. I believe in both teams and have faith that they will rise above it and continue their healthy and positive impact on the entire L 2 community
So there is no denying that L 2 DAO had a priori knowledge of how its grantees are going to use the…
So there is no denying that L 2 DAO had a priori knowledge of how its grantees are going to use the original grant by the optimism foundation? And you fail to see how this constitutes a violation of the “no sale” rule by L 2 DAO; or assuming that the rule didn’t exist at the time, constitutes a misuse of funds by shifting financial risks taken by an individual party that decided upon themselves to build a product onto every Optimism token holder?
I get that developers would like to have somebody else take the financial risks for their “work”, but this is, as far as I see, not contract work. Nobody hired NFTEarth or its devs that overlap with L 2 DAO developers to build an NFT market place, NFTEarth decided upon themselves to take that risk and do the work, while L 2 DAO acted outside its scope to use the OP granted to them by the optimism foundation to knowingly shift the financial risk from the NFTEarth developers onto all OP token holders, while I doubt that the devs had any intention to share potential financial profits resulting from this activity to all Op token holders.
This seems to be a general issue with blockchain developers, they are willing to take all the potential gains but are looking at every step of the way to distribute risks and costs onto third parties.
Posting my awful experience with the team here for council members context outside discord…
As well…
Posting my awful experience with the team here for council members context outside discord…
As well as some other suspicious incidents that I noticed on chain leading back to the OP foundation grant money.
I was hired to do a commission by Weston for a NFT that NFTEarth had published in the very early weeks of their launch.:rocket:
Well all of this got me thinking :thought_balloon: did I get paid with money :moneybag: from OP foundation for that work ?
Sure enough I go back & find the same links following back to the 300 , 000 OP transfer of Optimism.
Happy to send back the OP that I received to the foundation even though I was severely underpaid and none of the agreements in the discussion we had were made to credit me as the artist like I requested from Weston.
The sad reality of it is that he not only lies to artists but manipulates them into thinking one thing and that turned out to be completely false.
There was no association with the musician 3 LAU that he claimed to have involvement with the commission piece.
I’m thinking :thought_balloon: wow :star_struck: I know this musician and would be honored to do something in correlation to his music. Meanwhile it was false.
So out of further curiosity I went to see where exactly the royalty payments are set to and see something else that is suspicious :face_with_raised_eyebrow:…
The royalty is set to RPGF so for one second I think great I may have had a positive influence on Weston here somehow when encouraging him to donate to public goods.
Think again folks.
I see a small transfer leading to another account where is appears that many contracts are all being routed to from sales on the NFTe marketplace totaling a balance of 16 ETH.
Optimistic Ethereum L 2 Explorer
Contract Address 0 x 0000 a 26 b 00 c 1 f 0 df 003000390027140000 faa 719 | Optimism
The Contract Address 0 x 0000 a 26 b 00 c 1 f 0 df 003000390027140000 faa 719 page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and make transactions to the contract directly on...
Not the 937 a address shared in the discord.
If you look at both the address above :arrow_up: and below :arrow_down: here you’ll see two separate accounts used to hide the royalties going into one account…
Optimistic Ethereum L 2 Explorer
Address 0 xd 55 c 6 b 0 a 208362 b 18 beb 178 e 1785 cf 91 c 4 ce 937 a | Optimism
The Address 0 xd 55 c 6 b 0 a 208362 b 18 beb 178 e 1785 cf 91 c 4 ce 937 a page allows users to view transactions, balances, token holdings and transfers of both ERC- 20 and ERC- 721 (NFT) tokens, and analytics.
Regarding the OP that was transferred to me from Weston it’s pretty obvious what happened on chain here through the transactions below :arrow_down:…
This is a clear violation of how the funds were supposed to be used.
ON CHAIN DOCUMENTATION
Here you will see the money sent to me from an account …
I just checked the account in question and it seems to be dumping L 2 DAO tokens and purchasing NFTe tokens with that money most recently.
image 1125 × 2436 413 KB
This is the account that Weston sent me money from.
image 1125 × 2436 373 KB
WALLET ADDRESS
Optimistic Ethereum L 2 Explorer
Optimism (OP) Token Tracker | Optimism
Optimism (OP) Token Tracker on Etherscan shows the price of the Token $ 2 . 7153 , total supply 4 , 294 , 967 , 296 , number of holders 539 , 288 and updated information of the token. The token tracker page also shows the analytics and historical data.
Scroll to the very 1 st transaction and you will see that Layer 2 DAO sent the money that funded this account…
Once again a photo for context…
image 1125 × 2436 366 KB
Commission payment
Optimistic Ethereum L 2 Explorer
Optimistic L 2 Transaction Hash (Txhash) Details | Optimism
Optimistic L 2 detailed transaction info for txhash 0 x 26 bf 901925 da 7 cc 244 c 9 c 20365 bbcb 84 d 97 a 9 ab 89 b 572 ea 1 b 1 c 079 b 0025 aa 5 b 8 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.
Now if you click on the next transaction below :arrow_down: you’ll see that this is where the 27 , 500 OP came from the L 2 DAO…
Account that seeded wallet …
Optimistic Ethereum L 2 Explorer
Optimistic L 2 Transaction Hash (Txhash) Details | Optimism
Optimistic L 2 detailed transaction info for txhash 0 x 2 a 7673 caa 630 ff 872 d 620 fe 8 d 013840026 aec 59 e 4453 e 556 bec 1 d 8426 cb 5914 b. The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.
Last but not least the original 300 , 000 OP from Optimism transfer from the Foundation to the account that led to my payment from Weston is all tied to the same behavior of buying and selling L 2 DAO or NFTe to manipulate the market price.
OG transfer from Optimism Foundation…
Optimistic Ethereum L 2 Explorer
Optimistic L 2 Transaction Hash (Txhash) Details | Optimism
Optimistic L 2 detailed transaction info for txhash 0 x 259 b 1083 b 850 c 21477 c 1865 c 8763 eecaaa 41 a 025 fb 725 a 43 d 8 ea 181 dc 8 d 4 c 935 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.
One :point_up: more very suspicious set of :face_with_raised_eyebrow: transactions I noticed right away when looking into this was that one of these wallets had sold off the OP from the foundation…
:warning:
From L 2 Dao: Contract Address 0 xaf 5 a 0068 f 5465260 a 1 a 88 a 6264 d 0 dce 4469609 cf | Optimism
To: Token Transfer | Optimism
That same wallet sold 1 . 2 million L 2 DAO tokens 13 days ago and looks like a liquid pull by the L 2 DAO and NFTEarth team.
image 1125 × 2436 194 KB
image 1125 × 1901 199 KB
Posting my awful experience with the team here for council members context outside discord…
As well…
Posting my awful experience with the team here for council members context outside discord…
As well as some other suspicious incidents that I noticed on chain leading back to the OP foundation grant money.
I was hired to do a commission by Weston for a NFT that NFTEarth had published in the very early weeks of their launch.:rocket:
Well all of this got me thinking :thought_balloon: did I get paid with money :moneybag: from OP foundation for that work ?
Sure enough I go back & find the same links following back to the 300 , 000 OP transfer of Optimism.
Happy to send back the OP that I received to the foundation even though I was severely underpaid and none of the agreements in the discussion we had were made to credit me as the artist like I requested from Weston.
The sad reality of it is that he not only lies to artists but manipulates them into thinking one thing and that turned out to be completely false.
There was no association with the musician 3 LAU that he claimed to have involvement with the commission piece.
I’m thinking :thought_balloon: wow :star_struck: I know this musician and would be honored to do something in correlation to his music. Meanwhile it was false.
So out of further curiosity I went to see where exactly the royalty payments are set to and see something else that is suspicious :face_with_raised_eyebrow:…
The royalty is set to RPGF so for one second I think great I may have had a positive influence on Weston here somehow when encouraging him to donate to public goods.
Think again folks.
I see a small transfer leading to another account where is appears that many contracts are all being routed to from sales on the NFTe marketplace totaling a balance of 16 ETH.
Optimistic Ethereum L 2 Explorer
Contract Address 0 x 0000 a 26 b 00 c 1 f 0 df 003000390027140000 faa 719 | Optimism 3
The Contract Address 0 x 0000 a 26 b 00 c 1 f 0 df 003000390027140000 faa 719 page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and make transactions to the contract directly on...
Not the 937 a address shared in the discord.
If you look at both the address above :arrow_up: and below :arrow_down: here you’ll see two separate accounts used to hide the royalties going into one account…
Optimistic Ethereum L 2 Explorer
Address 0 xd 55 c 6 b 0 a 208362 b 18 beb 178 e 1785 cf 91 c 4 ce 937 a | Optimism 1
The Address 0 xd 55 c 6 b 0 a 208362 b 18 beb 178 e 1785 cf 91 c 4 ce 937 a page allows users to view transactions, balances, token holdings and transfers of both ERC- 20 and ERC- 721 (NFT) tokens, and analytics.
Regarding the OP that was transferred to me from Weston it’s pretty obvious what happened on chain here through the transactions below :arrow_down:…
This is a clear violation of how the funds were supposed to be used.
ON CHAIN DOCUMENTATION
Here you will see the money sent to me from an account …
I just checked the account in question and it seems to be dumping L 2 DAO tokens and purchasing NFTe tokens with that money most recently.
image 1125 × 2436 413 KB
This is the account that Weston sent me money from.
image 1125 × 2436 373 KB
WALLET ADDRESS
Optimistic Ethereum L 2 Explorer
Optimism (OP) Token Tracker | Optimism
Optimism (OP) Token Tracker on Etherscan shows the price of the Token $ 2 . 7153 , total supply 4 , 294 , 967 , 296 , number of holders 539 , 288 and updated information of the token. The token tracker page also shows the analytics and historical data.
Scroll to the very 1 st transaction and you will see that Layer 2 DAO sent the money that funded this account…
Once again a photo for context…
image 1125 × 2436 366 KB
Commission payment
Optimistic Ethereum L 2 Explorer
Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 1
Optimistic L 2 detailed transaction info for txhash 0 x 26 bf 901925 da 7 cc 244 c 9 c 20365 bbcb 84 d 97 a 9 ab 89 b 572 ea 1 b 1 c 079 b 0025 aa 5 b 8 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.
Now if you click on the next transaction below :arrow_down: you’ll see that this is where the 27 , 500 OP came from the L 2 DAO…
Account that seeded wallet …
Optimistic Ethereum L 2 Explorer
Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 1
Optimistic L 2 detailed transaction info for txhash 0 x 2 a 7673 caa 630 ff 872 d 620 fe 8 d 013840026 aec 59 e 4453 e 556 bec 1 d 8426 cb 5914 b. The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.
Last but not least the original 300 , 000 OP from Optimism transfer from the Foundation to the account that led to my payment from Weston is all tied to the same behavior of buying and selling L 2 DAO or NFTe to manipulate the market price.
OG transfer from Optimism Foundation…
Optimistic Ethereum L 2 Explorer
Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 1
Optimistic L 2 detailed transaction info for txhash 0 x 259 b 1083 b 850 c 21477 c 1865 c 8763 eecaaa 41 a 025 fb 725 a 43 d 8 ea 181 dc 8 d 4 c 935 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.
One :point_up: more very suspicious set of :face_with_raised_eyebrow: transactions I noticed right away when looking into this was that one of these wallets had sold off the OP from the foundation…
:warning:
From L 2 Dao: Contract Address 0 xaf 5 a 0068 f 5465260 a 1 a 88 a 6264 d 0 dce 4469609 cf | Optimism 2
To: Token Transfer | Optimism 1
That same wallet sold 1 . 2 million L 2 DAO tokens 13 days ago and looks like a liquid pull by the L 2 DAO and NFTEarth team.
image 1125 × 2436 194 KB
image 1125 × 1901 199 KB
I am surprise at the attack on Layer 2 dao and NFTEarth, it shows the kind of people we have in thi…
I am surprise at the attack on Layer 2 dao and NFTEarth, it shows the kind of people we have in this ecosystem. @Dicaso I think it will be good if you can substantiate your allegation with proof. Bringing other projects down to promote your own is not healthy for optimism ecosystem, bring out your ingenuity that is what will make us trust your HYPERDRIVE project.
I am an early OP user and adopter. I have no personal ties with the L 2 Dao or NFTearth team. Howev…
I am an early OP user and adopter. I have no personal ties with the L 2 Dao or NFTearth team. However I am an OG member of both projects and fully support both projects and both teams . I am an active member of both discords as well as the OP discord and governance. I can attest to voting on all issues where it was required as well as discussion and community engagement by the teams on matters even when discussion wasnt mandatory. I have seen both projects thrive and aggressively and consistently encourage and support growth of the L 2 ecosystem. The personal unwarranted attack happening to them is very unfortunate. I believe in both teams and have faith that they will rise above it and continue their healthy and positive impact on the entire L 2 community
So there is no denying that L 2 DAO had a priori knowledge of how its grantees are going to use the…
So there is no denying that L 2 DAO had a priori knowledge of how its grantees are going to use the original grant by the optimism foundation? And you fail to see how this constitutes a violation of the “no sale” rule by L 2 DAO; or assuming that the rule didn’t exist at the time, constitutes a misuse of funds by shifting financial risks taken by an individual party that decided upon themselves to build a product onto every Optimism token holder? I get that developers would like to have somebody else take the financial risks for their “work”, but this is, as far as I see, not contract work. Nobody hired NFTEarth or its devs that overlap with L 2 DAO developers to build an NFT market place, NFTEarth decided upon themselves to take that risk and do the work, while L 2 DAO acted outside its scope to use the OP granted to them by the optimism foundation to knowingly shift the financial risk from the NFTEarth developers onto all OP token holders, while I doubt that the devs had any intention to share potential financial profits resulting from this activity to all Op token holders. This seems to be a general issue with blockchain developers, they are willing to take all the potential gains but are looking at every step of the way to distribute risks and costs onto third parties.
Posting my awful experience with the team here for council members context outside discord… As well…
Posting my awful experience with the team here for council members context outside discord… As well as some other suspicious incidents that I noticed on chain leading back to the OP foundation grant money. I was hired to do a commission by Weston for a NFT that NFTEarth had published in the very early weeks of their launch.:rocket: Well all of this got me thinking :thought_balloon: did I get paid with money :moneybag: from OP foundation for that work ? Sure enough I go back & find the same links following back to the 300 , 000 OP transfer of Optimism. Happy to send back the OP that I received to the foundation even though I was severely underpaid and none of the agreements in the discussion we had were made to credit me as the artist like I requested from Weston. The sad reality of it is that he not only lies to artists but manipulates them into thinking one thing and that turned out to be completely false. There was no association with the musician 3 LAU that he claimed to have involvement with the commission piece. I’m thinking :thought_balloon: wow :star_struck: I know this musician and would be honored to do something in correlation to his music. Meanwhile it was false. So out of further curiosity I went to see where exactly the royalty payments are set to and see something else that is suspicious :face_with_raised_eyebrow:… The royalty is set to RPGF so for one second I think great I may have had a positive influence on Weston here somehow when encouraging him to donate to public goods. Think again folks. I see a small transfer leading to another account where is appears that many contracts are all being routed to from sales on the NFTe marketplace totaling a balance of 16 ETH. Optimistic Ethereum L 2 Explorer Contract Address 0 x 0000 a 26 b 00 c 1 f 0 df 003000390027140000 faa 719 | Optimism 3 The Contract Address 0 x 0000 a 26 b 00 c 1 f 0 df 003000390027140000 faa 719 page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and make transactions to the contract directly on... Not the 937 a address shared in the discord. If you look at both the address above :arrow_up: and below :arrow_down: here you’ll see two separate accounts used to hide the royalties going into one account… Optimistic Ethereum L 2 Explorer Address 0 xd 55 c 6 b 0 a 208362 b 18 beb 178 e 1785 cf 91 c 4 ce 937 a | Optimism 1 The Address 0 xd 55 c 6 b 0 a 208362 b 18 beb 178 e 1785 cf 91 c 4 ce 937 a page allows users to view transactions, balances, token holdings and transfers of both ERC- 20 and ERC- 721 (NFT) tokens, and analytics. Regarding the OP that was transferred to me from Weston it’s pretty obvious what happened on chain here through the transactions below :arrow_down:… This is a clear violation of how the funds were supposed to be used. ON CHAIN DOCUMENTATION Here you will see the money sent to me from an account … I just checked the account in question and it seems to be dumping L 2 DAO tokens and purchasing NFTe tokens with that money most recently. image 1125 × 2436 413 KB This is the account that Weston sent me money from. image 1125 × 2436 373 KB WALLET ADDRESS Optimistic Ethereum L 2 Explorer Optimism (OP) Token Tracker | Optimism Optimism (OP) Token Tracker on Etherscan shows the price of the Token $ 2 . 7153 , total supply 4 , 294 , 967 , 296 , number of holders 539 , 288 and updated information of the token. The token tracker page also shows the analytics and historical data. Scroll to the very 1 st transaction and you will see that Layer 2 DAO sent the money that funded this account… Once again a photo for context… image 1125 × 2436 366 KB Commission payment Optimistic Ethereum L 2 Explorer Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 1 Optimistic L 2 detailed transaction info for txhash 0 x 26 bf 901925 da 7 cc 244 c 9 c 20365 bbcb 84 d 97 a 9 ab 89 b 572 ea 1 b 1 c 079 b 0025 aa 5 b 8 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown. Now if you click on the next transaction below :arrow_down: you’ll see that this is where the 27 , 500 OP came from the L 2 DAO… Account that seeded wallet … Optimistic Ethereum L 2 Explorer Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 1 Optimistic L 2 detailed transaction info for txhash 0 x 2 a 7673 caa 630 ff 872 d 620 fe 8 d 013840026 aec 59 e 4453 e 556 bec 1 d 8426 cb 5914 b. The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown. Last but not least the original 300 , 000 OP from Optimism transfer from the Foundation to the account that led to my payment from Weston is all tied to the same behavior of buying and selling L 2 DAO or NFTe to manipulate the market price. OG transfer from Optimism Foundation… Optimistic Ethereum L 2 Explorer Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 1 Optimistic L 2 detailed transaction info for txhash 0 x 259 b 1083 b 850 c 21477 c 1865 c 8763 eecaaa 41 a 025 fb 725 a 43 d 8 ea 181 dc 8 d 4 c 935 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown. One :point_up: more very suspicious set of :face_with_raised_eyebrow: transactions I noticed right away when looking into this was that one of these wallets had sold off the OP from the foundation… :warning: From L 2 Dao: Contract Address 0 xaf 5 a 0068 f 5465260 a 1 a 88 a 6264 d 0 dce 4469609 cf | Optimism 2 To: Token Transfer | Optimism 1 That same wallet sold 1 . 2 million L 2 DAO tokens 13 days ago and looks like a liquid pull by the L 2 DAO and NFTEarth team. image 1125 × 2436 194 KB image 1125 × 1901 199 KB
Just made a post about my concerns. I welcome the Layer 2 DAO/NFTE team to dispute this.
Invest…
Just made a post about my concerns. I welcome the Layer 2 DAO/NFTE team to dispute this.
Investigation into potential L 2 DAO OP Mismanagement: Findings ?Monitoring
Some research i’ve done. Note: There are thousands of relavent transactions and I believe an impartial and independent investigation should be done by a professional or blockchain analytics firm.
[image]
[image]
Similar team and only a 2 / 5 Multisig.
(all members weren’t online, but as you can see there are similarities)
Team - Layer 2 DAO Documentation (team members according to website)
Timeline:
Transfer from Optimism Foundation
[image]Optimistic Ethereum L 2 Explorer
Optimistic L 2 Tr…
I think at this stage it might be best to have independent arbiters - possibly delegates or badgeho…
I think at this stage it might be best to have independent arbiters - possibly delegates or badgeholders - independently assess the situation. Ideally about 3 people who have not engaged the debates so far who can see it fresh. And then decide one way or another. Otherwise this risks turning into a sprawl.
Just made a post about my concerns. I welcome the Layer 2 DAO/NFTE team to dispute this. Invest…
Just made a post about my concerns. I welcome the Layer 2 DAO/NFTE team to dispute this. Investigation into potential L 2 DAO OP Mismanagement: Findings ?Monitoring Some research i’ve done. Note: There are thousands of relavent transactions and I believe an impartial and independent investigation should be done by a professional or blockchain analytics firm. [image] [image] Similar team and only a 2 / 5 Multisig. (all members weren’t online, but as you can see there are similarities) Team - Layer 2 DAO Documentation (team members according to website) Timeline: Transfer from Optimism Foundation [image]Optimistic Ethereum L 2 Explorer Optimistic L 2 Tr…
Just made a post about my concerns. I welcome the Layer 2 DAO/NFTE team to dispute this. Invest…
Just made a post about my concerns. I welcome the Layer 2 DAO/NFTE team to dispute this. Investigation into potential L 2 DAO OP Mismanagement: Findings Monitoring Some research i’ve done. Note: There are thousands of relavent transactions and I believe an impartial and independent investigation should be done by a professional or blockchain analytics firm. [image] [image] Same team and only a 2 / 5 Multisig. Timeline: Transfer from Optimism Foundation [image]Optimistic Ethereum L 2 Explorer [image] Optimistic L 2 Transaction Hash (Txhash) Details | Optimism Optimistic L 2 detailed transaction info for txhash 0 x 259 b 1083 b 850 c 21477 c 1865 c 8763 eecaaa 41 a 0 …
I think at this stage it might be best to have independent arbiters - possibly delegates or badgeho…
I think at this stage it might be best to have independent arbiters - possibly delegates or badgeholders - independently assess the situation. Ideally about 3 people who have not engaged the debates so far who can see it fresh. And then decide one way or another. Otherwise this risks turning into a sprawl.
I think it’s very important at this point to do that. It’s hard to trust that @Dicaso is working in…
I think it’s very important at this point to do that. It’s hard to trust that @Dicaso is working in good faith while also doing this.
Screenshot_ 2023 - 03 - 22 - 01 - 50 - 19 - 485 _com.discord 1080 × 594 65 . 4 KB
We need someone to look into the allegations that has not openly admitted fudding a project and encouraged others to do the same, but also someone who does not stand to benefit from the allegations.
We should all remember this is the behavior that is seen from outside our governance process.
Here is the transaction from the money Weston sent me leading back to 300 , 000 OP from OP founda…
Here is the transaction from the money Weston sent me leading back to 300 , 000 OP from OP foundation that was granted to L 2 DAO.
The 7 . 69 OP he sent leads back to a wallet that seems very suspicious.
That wallet was seeded with money from the L 2 DAO.
A few screenshots to show for context on the paper trail I discovered showing original deposits.
It’s all on chain and you can check it out yourself if you want.
image 1125 × 2436 373 KB
L 2 DAO tx deposit of 27 , 500 OP below :arrow_down:
image 1125 × 2436 357 KB
OP > L 2 DAO tx of 300 , 000 OP below :arrow_down:
image 1125 × 2436 339 KB
Optimistic Ethereum L 2 Explorer
Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 3
Optimistic L 2 detailed transaction info for txhash 0 x 26 bf 901925 da 7 cc 244 c 9 c 20365 bbcb 84 d 97 a 9 ab 89 b 572 ea 1 b 1 c 079 b 0025 aa 5 b 8 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.
Here is the transaction from the money Weston sent me leading back to 300 , 000 OP from OP founda…
Here is the transaction from the money Weston sent me leading back to 300 , 000 OP from OP foundation that was granted to L 2 DAO.
The 7 . 69 OP he sent leads back to a wallet that seems very suspicious.
That wallet was seeded with money from the L 2 DAO.
A few screenshots to show for context on the paper trail I discovered showing original deposits.
It’s all on chain and you can check it out yourself if you want.
image 1125 × 2436 373 KB
L 2 DAO tx deposit of 27 , 500 OP below :arrow_down:
image 1125 × 2436 357 KB
OP > L 2 DAO tx of 300 , 000 OP below :arrow_down:
image 1125 × 2436 339 KB
Optimistic Ethereum L 2 Explorer
Optimistic L 2 Transaction Hash (Txhash) Details | Optimism
Optimistic L 2 detailed transaction info for txhash 0 x 26 bf 901925 da 7 cc 244 c 9 c 20365 bbcb 84 d 97 a 9 ab 89 b 572 ea 1 b 1 c 079 b 0025 aa 5 b 8 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.
I see some more suspicious activity happening at this very moment from another wallet that was seed…
I see some more suspicious activity happening at this very moment from another wallet that was seeded by this one…
Which was also seeded by L 2 DAO 0 xaf 5 a 0068 f 5465260 a 1 a 88 a 6264 d 0 dce 4469609 cf
Optimistic Ethereum L 2 Explorer
Optimism (OP) Token Tracker | Optimism 1
Optimism (OP) Token Tracker on Etherscan shows the price of the Token $ 2 . 6054 , total supply 4 , 294 , 967 , 296 , number of holders 546 , 973 and updated information of the token. The token tracker page also shows the analytics and historical data.
NFT earth - 0 x 5 a 711 a 7 aae 4 a 270 c 05 fb 9 d 67544 ddcd 2694 bdc 2 c sent funds to this wallet which has a lot of transactions … 0 xd 8 B 73 d 634 bd 6 F 6 D 7 d 1 e 992551 Ab 7 E 06 e 4 c 21 B 171
Suspicious activity HERE 4
https://optimistic.etherscan.io/address/ 0 xd 8 b 73 d 634 bd 6 f 6 d 7 d 1 e 992551 ab 7 e 06 e 4 c 21 b 171 #tokentxns 4
Screen Shot 2023 - 03 - 21 at 11 . 34 . 20 PM 1920 × 1223 176 KB
Screen Shot 2023 - 03 - 21 at 11 . 31 . 11 PM 1920 × 1224 160 KB
Can someone please confirm this activity on chain and the original source of the funds that came from Optimism foundation ???
I see some more suspicious activity happening at this very moment from another wallet that was seed…
I see some more suspicious activity happening at this very moment from another wallet that was seeded by this one…
Which was also seeded by L 2 DAO 0 xaf 5 a 0068 f 5465260 a 1 a 88 a 6264 d 0 dce 4469609 cf
Optimistic Ethereum L 2 Explorer
Optimism (OP) Token Tracker | Optimism
Optimism (OP) Token Tracker on Etherscan shows the price of the Token $ 2 . 6054 , total supply 4 , 294 , 967 , 296 , number of holders 546 , 973 and updated information of the token. The token tracker page also shows the analytics and historical data.
NFT earth - 0 x 5 a 711 a 7 aae 4 a 270 c 05 fb 9 d 67544 ddcd 2694 bdc 2 c sent funds to this wallet which has a lot of transactions … 0 xd 8 B 73 d 634 bd 6 F 6 D 7 d 1 e 992551 Ab 7 E 06 e 4 c 21 B 171
Suspicious activity HERE
https://optimistic.etherscan.io/address/ 0 xd 8 b 73 d 634 bd 6 f 6 d 7 d 1 e 992551 ab 7 e 06 e 4 c 21 b 171 #tokentxns
Screen Shot 2023 - 03 - 21 at 11 . 34 . 20 PM 1920 × 1223 176 KB
Screen Shot 2023 - 03 - 21 at 11 . 31 . 11 PM 1920 × 1224 160 KB
Can someone please confirm this activity on chain and the original source of the funds that came from Optimism foundation ???
New Wallet
0 xFC 1 f 3296458 F 9 b 2 a 27 a 0 B 91 dd 7681 C 4020 E 09 D 05
Now I am seeing this …
New Wallet
0 xFC 1 f 3296458 F 9 b 2 a 27 a 0 B 91 dd 7681 C 4020 E 09 D 05
Now I am seeing this wallet with hight amounts of activity leading back to the NFT earth vault that received funds from the L 2 DAO. @Dicaso can you help to confirm some of this…
Screen Shot 2023 - 03 - 22 at 12 . 05 . 45 AM 1920 × 1200 178 KB
New Wallet
0 x 9581 c 5 df 8 ea 9 a 0 aa 84 e 52 f 40 a 378 d 7339 bedccc 3
Wallet that received funds from NFTE vault… :arrow_down:
Optimistic Ethereum L 2 Explorer
Optimism (OP) Token Tracker | Optimism
Optimism (OP) Token Tracker on Etherscan shows the price of the Token $ 2 . 6168 , total supply 4 , 294 , 967 , 296 , number of holders 546 , 964 and updated information of the token. The token tracker page also shows the analytics and historical data.
Screen Shot 2023 - 03 - 22 at 12 . 10 . 34 AM 1920 × 1153 119 KB
Here you see 5000 OP that was transferred from NFTE :arrow_down:
Optimistic Ethereum L 2 Explorer
Optimistic L 2 Transaction Hash (Txhash) Details | Optimism
Optimistic L 2 detailed transaction info for txhash 0 x 4497 fd 728 f 1 cea 58 fc 7417982 b 6764872 f 46 f 9624389 e 6 c 3384636 f 5 e 4892801 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.
Screen Shot 2023 - 03 - 22 at 12 . 19 . 36 AM 3043 × 1785 425 KB
NFTE Wallet
0 x 5 a 711 a 7 aae 4 a 270 c 05 fb 9 d 67544 ddcd 2694 bdc 2 c
Here is the NFTE wallet that sent those funds. :arrow_down:
Optimistic Ethereum L 2 Explorer
Optimism (OP) Token Tracker | Optimism
Optimism (OP) Token Tracker on Etherscan shows the price of the Token $ 2 . 6054 , total supply 4 , 294 , 967 , 296 , number of holders 546 , 973 and updated information of the token. The token tracker page also shows the analytics and historical data.
Screen Shot 2023 - 03 - 22 at 12 . 20 . 46 AM 1920 × 1137 158 KB
Similar to the other wallet you will see this one lead back to the Optimism Foundation with the initial transaction that seeded the wallet from the L 2 Dao.
L 2 DAO Wallet
0 xaf 5 a 0068 f 5465260 a 1 a 88 a 6264 d 0 dce 4469609 cf
Optimistic Ethereum L 2 Explorer
Optimistic L 2 Transaction Hash (Txhash) Details | Optimism
Optimistic L 2 detailed transaction info for txhash 0 x 4401 a 6 d 45 e 54 d 8 e 916 f 95859 c 0934200 fcf 8162 ff 49 ca 403 cc 2028 cc 6771 ffea. The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.
Screen Shot 2023 - 03 - 22 at 12 . 32 . 11 AM 1920 × 1200 102 KB
Dicaso: I would love to see the team refute any of these transactions. (still no response?) There were movements from confirmed team wallets yesterday of NFTE/L2DAO tokens around the same time as the wild volatility that occured. (on both Optimism and Arbitrum)
FractalVisions: I have a more in depth analysis on the way …
New Wallet
0 xFC 1 f 3296458 F 9 b 2 a 27 a 0 B 91 dd 7681 C 4020 E 09 D 05
Now I am seeing this …
New Wallet
0 xFC 1 f 3296458 F 9 b 2 a 27 a 0 B 91 dd 7681 C 4020 E 09 D 05
Now I am seeing this wallet with hight amounts of activity leading back to the NFT earth vault that received funds from the L 2 DAO. @Dicaso can you help to confirm some of this…
Screen Shot 2023 - 03 - 22 at 12 . 05 . 45 AM 1920 × 1200 178 KB
New Wallet
0 x 9581 c 5 df 8 ea 9 a 0 aa 84 e 52 f 40 a 378 d 7339 bedccc 3
Wallet that received funds from NFTE vault… :arrow_down:
Optimistic Ethereum L 2 Explorer
Optimism (OP) Token Tracker | Optimism 2
Optimism (OP) Token Tracker on Etherscan shows the price of the Token $ 2 . 6168 , total supply 4 , 294 , 967 , 296 , number of holders 546 , 964 and updated information of the token. The token tracker page also shows the analytics and historical data.
Screen Shot 2023 - 03 - 22 at 12 . 10 . 34 AM 1920 × 1153 119 KB
Here you see 5000 OP that was transferred from NFTE :arrow_down:
Optimistic Ethereum L 2 Explorer
Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 1
Optimistic L 2 detailed transaction info for txhash 0 x 4497 fd 728 f 1 cea 58 fc 7417982 b 6764872 f 46 f 9624389 e 6 c 3384636 f 5 e 4892801 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.
Screen Shot 2023 - 03 - 22 at 12 . 19 . 36 AM 3043 × 1785 425 KB
NFTE Wallet
0 x 5 a 711 a 7 aae 4 a 270 c 05 fb 9 d 67544 ddcd 2694 bdc 2 c
Here is the NFTE wallet that sent those funds. :arrow_down:
Optimistic Ethereum L 2 Explorer
Optimism (OP) Token Tracker | Optimism 1
Optimism (OP) Token Tracker on Etherscan shows the price of the Token $ 2 . 6054 , total supply 4 , 294 , 967 , 296 , number of holders 546 , 973 and updated information of the token. The token tracker page also shows the analytics and historical data.
Screen Shot 2023 - 03 - 22 at 12 . 20 . 46 AM 1920 × 1137 158 KB
Similar to the other wallet you will see this one lead back to the Optimism Foundation with the initial transaction that seeded the wallet from the L 2 Dao.
L 2 DAO Wallet
0 xaf 5 a 0068 f 5465260 a 1 a 88 a 6264 d 0 dce 4469609 cf
Optimistic Ethereum L 2 Explorer
Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 1
Optimistic L 2 detailed transaction info for txhash 0 x 4401 a 6 d 45 e 54 d 8 e 916 f 95859 c 0934200 fcf 8162 ff 49 ca 403 cc 2028 cc 6771 ffea. The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.
Screen Shot 2023 - 03 - 22 at 12 . 32 . 11 AM 1920 × 1200 102 KB
Dicaso: I would love to see the team refute any of these transactions. (still no response?) There were movements from confirmed team wallets yesterday of NFTE/L2DAO tokens around the same time as the wild volatility that occured. (on both Optimism and Arbitrum)
FractalVisions: I have a more in depth analysis on the way …
I think it’s very important at this point to do that. It’s hard to trust that @Dicaso is working in…
I think it’s very important at this point to do that. It’s hard to trust that @Dicaso is working in good faith while also doing this. Screenshot_ 2023 - 03 - 22 - 01 - 50 - 19 - 485 _com.discord 1080 × 594 65 . 4 KB We need someone to look into the allegations that has not openly admitted fudding a project and encouraged others to do the same, but also someone who does not stand to benefit from the allegations. We should all remember this is the behavior that is seen from outside our governance process.
Here is the transaction from the money Weston sent me leading back to 300 , 000 OP from OP founda…
Here is the transaction from the money Weston sent me leading back to 300 , 000 OP from OP foundation that was granted to L 2 DAO. The 7 . 69 OP he sent leads back to a wallet that seems very suspicious. That wallet was seeded with money from the L 2 DAO. A few screenshots to show for context on the paper trail I discovered showing original deposits. It’s all on chain and you can check it out yourself if you want. image 1125 × 2436 373 KB L 2 DAO tx deposit of 27 , 500 OP below :arrow_down: image 1125 × 2436 357 KB OP > L 2 DAO tx of 300 , 000 OP below :arrow_down: image 1125 × 2436 339 KB Optimistic Ethereum L 2 Explorer Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 3 Optimistic L 2 detailed transaction info for txhash 0 x 26 bf 901925 da 7 cc 244 c 9 c 20365 bbcb 84 d 97 a 9 ab 89 b 572 ea 1 b 1 c 079 b 0025 aa 5 b 8 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.
I would love to see the team refute any of these transactions. (still no response?) There were move…
I would love to see the team refute any of these transactions. (still no response?) There were movements from confirmed team wallets yesterday of NFTE/L 2 DAO tokens around the same time as the wild volatility that occured. (on both Optimism and Arbitrum)
warning 1920 × 1124 182 KB
I see some more suspicious activity happening at this very moment from another wallet that was seed…
I see some more suspicious activity happening at this very moment from another wallet that was seeded by this one… Which was also seeded by L 2 DAO 0 xaf 5 a 0068 f 5465260 a 1 a 88 a 6264 d 0 dce 4469609 cf Optimistic Ethereum L 2 Explorer Optimism (OP) Token Tracker | Optimism 1 Optimism (OP) Token Tracker on Etherscan shows the price of the Token $ 2 . 6054 , total supply 4 , 294 , 967 , 296 , number of holders 546 , 973 and updated information of the token. The token tracker page also shows the analytics and historical data. NFT earth - 0 x 5 a 711 a 7 aae 4 a 270 c 05 fb 9 d 67544 ddcd 2694 bdc 2 c sent funds to this wallet which has a lot of transactions … 0 xd 8 B 73 d 634 bd 6 F 6 D 7 d 1 e 992551 Ab 7 E 06 e 4 c 21 B 171 Suspicious activity HERE 4 https://optimistic.etherscan.io/address/ 0 xd 8 b 73 d 634 bd 6 f 6 d 7 d 1 e 992551 ab 7 e 06 e 4 c 21 b 171 #tokentxns 4 Screen Shot 2023 - 03 - 21 at 11 . 34 . 20 PM 1920 × 1223 176 KB Screen Shot 2023 - 03 - 21 at 11 . 31 . 11 PM 1920 × 1224 160 KB Can someone please confirm this activity on chain and the original source of the funds that came from Optimism foundation ???
New Wallet 0 xFC 1 f 3296458 F 9 b 2 a 27 a 0 B 91 dd 7681 C 4020 E 09 D 05 Now I am seeing this …
New Wallet 0 xFC 1 f 3296458 F 9 b 2 a 27 a 0 B 91 dd 7681 C 4020 E 09 D 05 Now I am seeing this wallet with hight amounts of activity leading back to the NFT earth vault that received funds from the L 2 DAO. @Dicaso can you help to confirm some of this… Screen Shot 2023 - 03 - 22 at 12 . 05 . 45 AM 1920 × 1200 178 KB New Wallet 0 x 9581 c 5 df 8 ea 9 a 0 aa 84 e 52 f 40 a 378 d 7339 bedccc 3 Wallet that received funds from NFTE vault… :arrow_down: Optimistic Ethereum L 2 Explorer Optimism (OP) Token Tracker | Optimism 2 Optimism (OP) Token Tracker on Etherscan shows the price of the Token $ 2 . 6168 , total supply 4 , 294 , 967 , 296 , number of holders 546 , 964 and updated information of the token. The token tracker page also shows the analytics and historical data. Screen Shot 2023 - 03 - 22 at 12 . 10 . 34 AM 1920 × 1153 119 KB Here you see 5000 OP that was transferred from NFTE :arrow_down: Optimistic Ethereum L 2 Explorer Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 1 Optimistic L 2 detailed transaction info for txhash 0 x 4497 fd 728 f 1 cea 58 fc 7417982 b 6764872 f 46 f 9624389 e 6 c 3384636 f 5 e 4892801 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown. Screen Shot 2023 - 03 - 22 at 12 . 19 . 36 AM 3043 × 1785 425 KB NFTE Wallet 0 x 5 a 711 a 7 aae 4 a 270 c 05 fb 9 d 67544 ddcd 2694 bdc 2 c Here is the NFTE wallet that sent those funds. :arrow_down: Optimistic Ethereum L 2 Explorer Optimism (OP) Token Tracker | Optimism 1 Optimism (OP) Token Tracker on Etherscan shows the price of the Token $ 2 . 6054 , total supply 4 , 294 , 967 , 296 , number of holders 546 , 973 and updated information of the token. The token tracker page also shows the analytics and historical data. Screen Shot 2023 - 03 - 22 at 12 . 20 . 46 AM 1920 × 1137 158 KB Similar to the other wallet you will see this one lead back to the Optimism Foundation with the initial transaction that seeded the wallet from the L 2 Dao. L 2 DAO Wallet 0 xaf 5 a 0068 f 5465260 a 1 a 88 a 6264 d 0 dce 4469609 cf Optimistic Ethereum L 2 Explorer Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 1 Optimistic L 2 detailed transaction info for txhash 0 x 4401 a 6 d 45 e 54 d 8 e 916 f 95859 c 0934200 fcf 8162 ff 49 ca 403 cc 2028 cc 6771 ffea. The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown. Screen Shot 2023 - 03 - 22 at 12 . 32 . 11 AM 1920 × 1200 102 KB
Dicaso: I would love to see the team refute any of these transactions. (still no response?) There were movements from confirmed team wallets yesterday of NFTE/L2DAO tokens around the same time as the wild volatility that occured. (on both Optimism and Arbitrum)
FractalVisions: I have a more in depth analysis on the way …
I would love to see the team refute any of these transactions. (still no response?) There were move…
I would love to see the team refute any of these transactions. (still no response?) There were movements from confirmed team wallets yesterday of NFTE/L 2 DAO tokens around the same time as the wild volatility that occured. (on both Optimism and Arbitrum) warning 1920 × 1124 182 KB
This is baseless and off topic. Dictum scammed a lot of people and protocols on Arbitrum. They had …
This is baseless and off topic. Dictum scammed a lot of people and protocols on Arbitrum. They had “partnered” with almost every large protocol on Arbitrum. Anyone doing the slightest bit of actual research could find this information.
The reason there is a “guide” on L 2 dao discord is because I personally spent several days helping members within L 2 dao and the larger Arbitrum community get their funds back. We actually helped a lot of people get their funds back after dictum couldn’t even rug properly.
I’m all for this process but we need to stay on topic and you’re still reframing events to fit your timeline.
Dicaso: Arbitrum (ETH) Blockchain Explorer
Token Transfer | Arbiscan
The list of ERC20 Token transactions in the Arbitrum Blockchain on Arbiscan.
I am not making any accusations. I am just asking questions. Given that the flagged wallet is known to be a multisig signer on 2 safes that embezzled 55,000 $OP, I think it is a fair question to ask:
What exactly was your relationship with Dictum? Were these transfers made before, or after the Dictum hack, and why?
I don’t see why it couldn’t be another embezzlement if I already found 2 instances with the same wallet. It’s actually getting fun to look for them at this point.
Investigation into potential L2DAO OP Mismanagement: Findings
?Monitoring
Some research i’ve done. Note: There are thousands of relavent transactions and I believe an impartial and independent investigation should be done by a professional or blockchain analytics firm. [image] [image] Similar team and only a 2/5 Multisig. (all members weren’t online, but as you can see there are similarities) Team - Layer2DAO Documentation (team members according to website) Timeline: Transfer from Optimism Foundation [image]Optimistic Ethereum L2 Explorer Optimistic L2 Tr…
This sort of speculation that comes from asking honest questions is why we need an independent investigation NOW. I think it will do the optimism community a disservice if we would have to wait months for a conclusion. You will just encourage people like me to keep posting about it everyday.
moosekb: I can attest to this! acidhoe helped me get my funds back! many many projects were fooled by dictum. this personal attack on weston is vicious and unsupported.
you should give account fractal vision of the sales of your nft to the community, go for your suspe…
you should give account fractal vision of the sales of your nft to the community, go for your suspension and lets rest.
Arbitrum (ETH) Blockchain Explorer
Token Transfer | Arbiscan 1
The list of ERC 20 Token tra…
Arbitrum (ETH) Blockchain Explorer
Token Transfer | Arbiscan 1
The list of ERC 20 Token transactions in the Arbitrum Blockchain on Arbiscan.
I am not making any accusations. I am just asking questions. Given that the flagged wallet is known to be a multisig signer on 2 safes that embezzled 55 , 000 $OP, I think it is a fair question to ask:
What exactly was your relationship with Dictum? Were these transfers made before, or after the Dictum hack, and why?
I don’t see why it couldn’t be another embezzlement if I already found 2 instances with the same wallet. It’s actually getting fun to look for them at this point.
Investigation into potential L 2 DAO OP Mismanagement: Findings ?Monitoring
Some research i’ve done. Note: There are thousands of relavent transactions and I believe an impartial and independent investigation should be done by a professional or blockchain analytics firm.
[image]
[image]
Similar team and only a 2 / 5 Multisig.
(all members weren’t online, but as you can see there are similarities)
Team - Layer 2 DAO Documentation (team members according to website)
Timeline:
Transfer from Optimism Foundation
[image]Optimistic Ethereum L 2 Explorer
Optimistic L 2 Tr…
This sort of speculation that comes from asking honest questions is why we need an independent investigation NOW. I think it will do the optimism community a disservice if we would have to wait months for a conclusion. You will just encourage people like me to keep posting about it everyday.
Arbitrum (ETH) Blockchain Explorer
Token Transfer | Arbiscan
The list of ERC 20 Token transac…
Arbitrum (ETH) Blockchain Explorer
Token Transfer | Arbiscan
The list of ERC 20 Token transactions in the Arbitrum Blockchain on Arbiscan.
I am not making any accusations. I am just asking questions. Given that the flagged wallet is known to be a multisig signer on 2 safes that embezzled 55 , 000 $OP, I think it is a fair question to ask:
What exactly was your relationship with Dictum? Were these transfers made before, or after the Dictum hack, and why?
I don’t see why it couldn’t be another embezzlement if I already found 2 instances with the same wallet. It’s actually getting fun to look for them at this point.
Investigation into potential L 2 DAO OP Mismanagement: Findings ?Monitoring
Some research i’ve done. Note: There are thousands of relavent transactions and I believe an impartial and independent investigation should be done by a professional or blockchain analytics firm.
[image]
[image]
Similar team and only a 2 / 5 Multisig.
(all members weren’t online, but as you can see there are similarities)
Team - Layer 2 DAO Documentation (team members according to website)
Timeline:
Transfer from Optimism Foundation
[image]Optimistic Ethereum L 2 Explorer
Optimistic L 2 Tr…
This sort of speculation that comes from asking honest questions is why we need an independent investigation NOW. I think it will do the optimism community a disservice if we would have to wait months for a conclusion. You will just encourage people like me to keep posting about it everyday.
Correction: * 3 instances of embezzelement so far. I almost forgot about this one:
Layer 2 DA…
Correction: * 3 instances of embezzelement so far. I almost forgot about this one:
Layer 2 DAO response to allegations from Velodrome [November 2022 ] ?Monitoring
Here’s a tick-tock describing the moments leading up to the sale of the OP that in my opinion undercuts this claim. L 2 DAO had gotten proof that OP had not been compromised and went ahead anyway with selling the OP and bridging the funds. This action had not been disclosed until I’d uncovered it months later.
These facts raise questions about their motivations. Their pretext was a token hack - so why bridge and start immediately shilling ETH and Arbitrum?
And why do it after weeks of LPing the …
lol!
This is baseless and off topic. Dictum scammed a lot of people and protocols on Arbitrum. They had …
This is baseless and off topic. Dictum scammed a lot of people and protocols on Arbitrum. They had “partnered” with almost every large protocol on Arbitrum. Anyone doing the slightest bit of actual research could find this information. The reason there is a “guide” on L 2 dao discord is because I personally spent several days helping members within L 2 dao and the larger Arbitrum community get their funds back. We actually helped a lot of people get their funds back after dictum couldn’t even rug properly. I’m all for this process but we need to stay on topic and you’re still reframing events to fit your timeline.
Dicaso: Arbitrum (ETH) Blockchain Explorer
Token Transfer | Arbiscan
The list of ERC20 Token transactions in the Arbitrum Blockchain on Arbiscan.
I am not making any accusations. I am just asking questions. Given that the flagged wallet is known to be a multisig signer on 2 safes that embezzled 55,000 $OP, I think it is a fair question to ask:
What exactly was your relationship with Dictum? Were these transfers made before, or after the Dictum hack, and why?
I don’t see why it couldn’t be another embezzlement if I already found 2 instances with the same wallet. It’s actually getting fun to look for them at this point.
Investigation into potential L2DAO OP Mismanagement: Findings
?Monitoring
Some research i’ve done. Note: There are thousands of relavent transactions and I believe an impartial and independent investigation should be done by a professional or blockchain analytics firm. [image] [image] Similar team and only a 2/5 Multisig. (all members weren’t online, but as you can see there are similarities) Team - Layer2DAO Documentation (team members according to website) Timeline: Transfer from Optimism Foundation [image]Optimistic Ethereum L2 Explorer Optimistic L2 Tr…
This sort of speculation that comes from asking honest questions is why we need an independent investigation NOW. I think it will do the optimism community a disservice if we would have to wait months for a conclusion. You will just encourage people like me to keep posting about it everyday.
moosekb: I can attest to this! acidhoe helped me get my funds back! many many projects were fooled by dictum. this personal attack on weston is vicious and unsupported.
you should give account fractal vision of the sales of your nft to the community, go for your suspe…
you should give account fractal vision of the sales of your nft to the community, go for your suspension and lets rest.
Arbitrum (ETH) Blockchain Explorer Token Transfer | Arbiscan 1 The list of ERC 20 Token tra…
Arbitrum (ETH) Blockchain Explorer Token Transfer | Arbiscan 1 The list of ERC 20 Token transactions in the Arbitrum Blockchain on Arbiscan. I am not making any accusations. I am just asking questions. Given that the flagged wallet is known to be a multisig signer on 2 safes that embezzled 55 , 000 $OP, I think it is a fair question to ask: What exactly was your relationship with Dictum? Were these transfers made before, or after the Dictum hack, and why? I don’t see why it couldn’t be another embezzlement if I already found 2 instances with the same wallet. It’s actually getting fun to look for them at this point. Investigation into potential L 2 DAO OP Mismanagement: Findings ?Monitoring Some research i’ve done. Note: There are thousands of relavent transactions and I believe an impartial and independent investigation should be done by a professional or blockchain analytics firm. [image] [image] Similar team and only a 2 / 5 Multisig. (all members weren’t online, but as you can see there are similarities) Team - Layer 2 DAO Documentation (team members according to website) Timeline: Transfer from Optimism Foundation [image]Optimistic Ethereum L 2 Explorer Optimistic L 2 Tr… This sort of speculation that comes from asking honest questions is why we need an independent investigation NOW. I think it will do the optimism community a disservice if we would have to wait months for a conclusion. You will just encourage people like me to keep posting about it everyday.
Correction: * 3 instances of embezzelement so far. I almost forgot about this one: Layer 2 DA…
Correction: * 3 instances of embezzelement so far. I almost forgot about this one: Layer 2 DAO response to allegations from Velodrome [November 2022 ] Monitoring Here’s a tick-tock describing the moments leading up to the sale of the OP that in my opinion undercuts this claim. L 2 DAO had gotten proof that OP had not been compromised and went ahead anyway with selling the OP and bridging the funds. This action had not been disclosed until I’d uncovered it months later. These facts raise questions about their motivations. Their pretext was a token hack - so why bridge and start immediately shilling ETH and Arbitrum? And why do it after weeks of LPing the … lol!
Correction: * 3 instances of embezzelement so far. I almost forgot about this one: Layer 2 DA…
Correction: * 3 instances of embezzelement so far. I almost forgot about this one: Layer 2 DAO response to allegations from Velodrome [November 2022 ] ?Monitoring Here’s a tick-tock describing the moments leading up to the sale of the OP that in my opinion undercuts this claim. L 2 DAO had gotten proof that OP had not been compromised and went ahead anyway with selling the OP and bridging the funds. This action had not been disclosed until I’d uncovered it months later. These facts raise questions about their motivations. Their pretext was a token hack - so why bridge and start immediately shilling ETH and Arbitrum? And why do it after weeks of LPing the … lol!
FractalVisions: Here is a link to my live document of what I have seen so far.
I will continue to update this as I go.
docs.google.com
On Chain Analysis
On Chain Analysis l2dao/nftearth OP Foundation July 8th 2022 L2Dao wallet 09cf NFTearth wallet dc2c b171
I can attest to this! acidhoe helped me get my funds back! many many projects were fooled by dictum…
I can attest to this! acidhoe helped me get my funds back! many many projects were fooled by dictum. this personal attack on weston is vicious and unsupported.
How ironic… I was personally attacked by the member you speak of in the L 2 DAO for voicing my conc…
How ironic… I was personally attacked by the member you speak of in the L 2 DAO for voicing my concerns about the funds being used for ill intentions… I see a ton of new activity today meaning while the team is silent here they are probably panicking trying to hide :face_in_clouds: money and move it into new accounts.
Here is a link to my live document of what I have seen so far. I will continue to update this as I …
Here is a link to my live document of what I have seen so far. I will continue to update this as I go. docs.google.com On Chain Analysis 8 On Chain Analysis l 2 dao/nftearth OP Foundation July 8 th 2022 L 2 Dao wallet 09 cf NFTearth wallet dc 2 c b 171
FractalVisions: I would like to make a note that around 12:00 AM MST my phone began to ring with notifications due to a coordinated attack from the layer 2 Dao on our social media account and the other posts here in the forum.
Delegate Suspension: Fractal Visions
?Other Proposals
Support OAYC’s proposal, Optimism ecosystem should be a place that people respect each others. not insult like this
https://twitter.com/thelayer2dao/status/1638773846236090368?s=46&t=_8dkepIOA6H5XhasVM4F9g
Weston has not once even commented in this forum about any of these allegations. Yet he is targetti…
Weston has not once even commented in this forum about any of these allegations. Yet he is targetting and doxing the locations of people in the Optimism community. I myself am now facing a lawsuit for speaking the truth. If @FractalVisions was given harsh repricutions for an alleged similar incident I don’t see why Weston is able to dox the location of a member from the Velodrome team and this is somehow acceptable. What is the point of governance if he just ignores every forum post and takes legal action against people who happen to find evidence of on-chain fraud? I urge every project in the Optimism collective that cares about transparency, and on-chain evidence to denounce Layer 2 "dao" and cut all ties. They can sue a few of us, but not all of us. image 1553 × 711 86 . 6 KB
I just updated this post to include additional detail by Train, co-founder of Layer 2 DAO. This als…
I just updated this post to include additional detail by Train, co-founder of Layer 2 DAO. This also includes all transaction history for the OPIncubator program.
Dicaso: Nice it will take a lot of work to look at these but I just opened the NFTE wallet and found the same fraud that has been pointed out multiple times in these forums. We know on chain that 55,000 OP has been embezzled already. I am wondering why the “team” you “allocated” these funds to with your 2/5 multisig market dumped, transferred the funds into new wallets and purchased NFTs from their own exchange, $NFTE, other altcoins, and performed day trades. Are these the sort of transactions that your “dao” allocated the funds for?
Dicaso: I find it strange that my posts that have been up for hours are only flagged after the the L2DAO team shows up. This is clearly an attempt by the team to manipulate information. Optimism governance should be a censorship free zone.
Nice it will take a lot of work to look at these but I just opened the NFTE wallet and found the sa…
Nice it will take a lot of work to look at these but I just opened the NFTE wallet and found the same fraud that has been pointed out multiple times in these forums. We know on chain that 55 , 000 OP has been embezzled already. I am wondering why the “team” you “allocated” these funds to with your 2 / 5 multisig market dumped, transferred the funds into new wallets and purchased NFTs from their own exchange, $NFTE, other altcoins, and performed day trades. Are these the sort of transactions that your “dao” allocated the funds for?
I find it strange that my posts that have been up for hours are only flagged after the the L 2 DAO …
I find it strange that my posts that have been up for hours are only flagged after the the L 2 DAO team shows up. This is clearly an attempt by the team to manipulate information. Optimism governance should be a censorship free zone.
Will go through the information provided at top, but top of mind: can you describe what LF Grow Hub…
Will go through the information provided at top, but top of mind: can you describe what LF Grow Hub is, and what projects did it distribute to? Can you describe the nature of this program and how it aligns with the original grant? Also, please update the transaction in this row, as it links to a november transaction: image 2364 × 92 34 KB
Proof one of the founders @ 0 xWeston has washtraded his own exchange. image 1440 × 1751 132 KB…
Proof one of the founders @ 0 xWeston has washtraded his own exchange. image 1440 × 1751 132 KB image 1440 × 3088 151 KB image 1440 × 2207 94 . 1 KB nftearth.exchange NFTEarth: Buy and Sell NFTs on L 2 2 Buy and Sell NFTs on L 2 at NFTEarth Screenshots are a week old. But you can verify for yourself. I hope these visual representations are easier to comprehend than just links to etherscan. The same wallet voted on every tx to sell and transfer the 55 , 000 OP that was embezzled (SO FAR???) Can the team please comment on how this is a good use of a founders resources, especially given he has voted on all of the 2 / 5 multisigs that have embezzled funds?
image 1125 × 2436 287 KB image 1125 × 2436 467 KB image 1125 × 2436 441 KB I would like to…
image 1125 × 2436 287 KB image 1125 × 2436 467 KB image 1125 × 2436 441 KB I would like to make a note that around 12 : 00 :clock 12 : AM MST my phone began to ring with notifications due to a coordinated attack from the layer 2 Dao on our social media account and the other posts here in the forum. Delegate Suspension: Fractal Visions ?Other Proposals Support OAYC’s proposal, Optimism ecosystem should be a place that people respect each others. not insult like this https://twitter.com/thelayer 2 dao/status/ 1638773846236090368 ?s= 46 &t=_ 8 dkepIOA 6 H 5 XhasVM 4 F 9 g 4
The investigation continues … Next we are taking a look at other wallets where the grant funds have…
The investigation continues … Next we are taking a look at other wallets where the grant funds have been sent from NFTE after receiving 27 , 500 OP. It appears that 5000 OP were sent to the wallet ending in 0595 Screen Shot 2023 - 03 - 25 at 6 . 49 . 56 AM 1920 × 1200 159 KB Here is the transaction. Optimistic Ethereum L 2 Explorer Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 1 Optimistic L 2 detailed transaction info for txhash 0 x 38599 d 5 f 7 d 20436 bfcf 5746 cdd 2 bba 99 e 7 eed 2393 ace 4 fcd 05357 ee 60 d 347 f 30 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown. Then the 5000 OP is sent to 2 different wallets in amounts of 1000 OP from wallet 0595 Wallet 9 d 05 received 4000 OP tokens Optimistic Ethereum L 2 Explorer Contract Address 0 xfc 1 f 3296458 f 9 b 2 a 27 a 0 b 91 dd 7681 c 4020 e 09 d 05 | Optimism The Contract Address 0 xfc 1 f 3296458 f 9 b 2 a 27 a 0 b 91 dd 7681 c 4020 e 09 d 05 page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and make transactions to the contract directly on... Screen Shot 2023 - 03 - 25 at 7 . 02 . 25 AM 1920 × 1200 120 KB Wallet 1 d 36 received 1000 OP tokens https://optimistic.etherscan.io/address/ 0 x 1 c 3140 ab 59 d 6 caf 9 fa 7459 c 6 f 83 d 4 b 52 ba 881 d 36 Screen Shot 2023 - 03 - 25 at 7 . 03 . 20 AM 1920 × 1200 119 KB Now I also see another transaction for 1000 OP coming into this wallet from an address ending in 4 fb 4 When I check my posts above it appears that this new wallet ending in 4 fb 4 is the same wallet that @ 0 xWeston had sent me money from for the commission payment of some artwork. This same wallet was seeded by 09 cf with 27 , 500 OP which is the L 2 DAO wallet that we originally started with… Meaning that now 2 separate wallets that received grants from L 2 DAO both appear to be in the possession of Weston and the NFT earth team. Totaling an amount of 55 , 000 OP tokens that now appear to have some suspicious on chain activity after receiving the grant funds. Here is a screenshot of the 1000 OP sent from 4 fb 4 to 0595 Screen Shot 2023 - 03 - 25 at 7 . 11 . 03 AM 1920 × 1200 182 KB Optimistic Ethereum L 2 Explorer Optimistic L 2 Transaction Hash (Txhash) Details | Optimism Optimistic L 2 detailed transaction info for txhash 0 x 817 f 783338 df 9 e 4870683 bd 1 bb 1 ea 74 c 27 d 92 bde 862 b 99 a 46 f 914 e 2 b 38 caee 53 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown. Here you see the 1000 OP tokens being received by wallet 0595 … Screen Shot 2023 - 03 - 25 at 7 . 12 . 32 AM 1920 × 1200 135 KB Of course here is a screenshot of the 4 fb 4 wallet receiving 27 , 500 OP in grant funds from the L 2 DAO that now has a connection with this new wallet. Screen Shot 2023 - 03 - 25 at 7 . 14 . 47 AM 1920 × 1200 146 KB As you can see from my live document we are starting to decipher where the funds have been sent so far and how it has grown in todays exploration on chain. This is an interactive display and all relevant links are live on the web of transactions being traced so anyone can easily see and understand where the OP has gone. I will continue to update this live document so anyone can explore the same transactions that are discussed here in this thread. This will take a bit of time but I want to make sure that all transfers are being recorded and updated correctly as time moves forward. docs.google.com On Chain Analysis 2 On Chain Analysis l 2 dao/nftearth OP Foundation July 8 th 2022 L 2 Dao wallet 09 cf NFTearth wallet dc 2 c b 171 ccc 3 9 d 05 0595 9 d 05 1 d 36 Screen Shot 2023 - 03 - 25 at 6 . 28 . 10 AM 2046 × 1141 158 KB Screen Shot 2023 - 03 - 25 at 8 . 17 . 34 AM 1907 × 1074 183 KB
Next Tx coming from the NFT earth address ending in dc 2 c is for 2 , 500 OP tokens heading to a …
Next Tx coming from the NFT earth address ending in dc 2 c is for 2 , 500 OP tokens heading to a new address ending in daff which appears to lead to a uniswap smart contract. Optimistic Ethereum L 2 Explorer Optimism (OP) Token Tracker | Optimism 2 Optimism (OP) Token Tracker on Etherscan shows the price of the Token $ 2 . 2478 , total supply 4 , 294 , 967 , 296 , number of holders 566 , 225 and updated information of the token. The token tracker page also shows the analytics and historical data. Screen Shot 2023 - 03 - 25 at 9 . 48 . 32 AM 1920 × 1200 161 KB A link to the transaction. Optimistic Ethereum L 2 Explorer Optimistic L 2 Transaction Hash (Txhash) Details | Optimism Optimistic L 2 detailed transaction info for txhash 0 xa 8 fc 7 b 9742998 f 195 dbf 6507741 b 9219 e 6 cde 01652 c 1 ac 0 e 02 ff 45650 d 711 ff 9 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown. Screen Shot 2023 - 03 - 25 at 9 . 55 . 40 AM 3360 × 2100 497 KB The 2 , 500 OP then get rerouted from daff to address 1849 Optimistic Ethereum L 2 Explorer Optimism (OP) Token Tracker | Optimism 2 Optimism (OP) Token Tracker on Etherscan shows the price of the Token $ 2 . 2478 , total supply 4 , 294 , 967 , 296 , number of holders 566 , 225 and updated information of the token. The token tracker page also shows the analytics and historical data. Screen Shot 2023 - 03 - 25 at 10 . 01 . 16 AM 1920 × 1200 110 KB When looking at the contract of the 1849 address the smart contract states that it is a " UniswapV 3 Pool " Optimistic Ethereum L 2 Explorer Contract Address 0 x 68 f 5 c 0 a 2 de 713 a 54991 e 01858 fd 27 a 3832401849 | Optimism The Contract Address 0 x 68 f 5 c 0 a 2 de 713 a 54991 e 01858 fd 27 a 3832401849 page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and make transactions to the contract directly on... Screen Shot 2023 - 03 - 25 at 9 . 59 . 37 AM 1920 × 1200 101 KB This has been added to the live document as well to better understand where the OP has been sent on chain and help provide clarity on the complex network of transactions that we are observing with each address. We will continue to explore each address or transactions in relation to the use of the grant funds that were given to L 2 DAO and help break this down in a visual aspect with further developments over the next few days. docs.google.com On Chain Analysis On Chain Analysis l 2 dao/nftearth OP Foundation July 8 th 2022 L 2 Dao wallet 09 cf NFTearth wallet dc 2 c b 171 ccc 3 9 d 05 0595 9 d 05 1 d 36 daff 1849 EDIT :writing_hand: After confirmation with Uniswap support this is what was determined. So far I found 10 k tx that goes to a interesting pair VolatileV 1 AMM - OP/L 2 DAO (vAMM-OP/L...) Optimistic Ethereum L 2 Explorer Optimistic L 2 Transaction Hash (Txhash) Details | Optimism 1 Optimistic L 2 detailed transaction info for txhash 0 x 2 c 4 ca 2 f 58743516 b 1 d 380 f 9 efb 89 f 3 edc 33597 b 857 dc 74 e 26855 ca 3189 de 923 d. The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown. Another 17 +k to another pair same name. Optimistic Ethereum L 2 Explorer Optimistic L 2 Transaction Hash (Txhash) Details | Optimism Optimistic L 2 detailed transaction info for txhash 0 xcf 315 fb 12724 d 56691 eebaf 0 f 770369 b 40 e 1 fd 022 ac 1 e 224 a 467 e 60027 dd 2 a 80 . The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown. It looks like it keeps going to the 0 xaf 5 a 0068 f 5465260 a 1 a 88 a 6264 d 0 dce 4469609 cf which is a safe wallet contract sending and creating these.
