dApp Staking Temporarily in Maintenance Mode Due to Neemo Finance Incident

[Maarten]

@FFR23

As i’ve stated before, Astar Network has to take responsibility for dApp projects and can’t wash their hands of the situation (Neurolanche was a scam project destined to always implode that Astar didn’t deal with, yes i’m mentioning it again - we’ve taken yet another brand hit with the community suffering financial losses) - especially when dealing with professional companies such as Sony.

The lesson is that Astar Core team have a duty to ensure that dApp projects are operating to a professional standard, especially when entrusted with such a high TVL.

I would like to make a small statement about these remarks added above. As you know is that Astar Foundation is only part of the Astar Collective to ensure the security, managing the asset and the features that are build on top of Astar Network as native intregation. With entities as the Community Council, Finance Committee, etc… paid by the onchain treasury, are here to ensure Astar Foundation has not full control over certain areas but the Collective carries these responsibilities.

As you can see here:

Neemo Finance: UCG application grant

Overview Dear Astar community, it is a pleasure to be here. I’m Seiya, Co-founder and CEO of Neemo Finance. We would like to apply for the Unstoppable Community Grant. Our plan is to launch nsASTR, a Liquid Staking Token (LST) for the ASTR token, on the Astar EVM. This will involve creating a yield-bearing token that increases in price, allowing for seamless integration with lending platforms and other DeFi protocols without requiring extra connectors, as nsASTR is not a rebase token. This desi…

The UCG grant mangaged by the community council was created in a way to give projects who need support, guidance and a position on dApp Staking. While the ‘Astar Core’ team ensures security on its L1 to ensure the network operates at highest standards. W
ith this recent incident the ‘Astar Core’ team ensured there was no security issue on the network and funds were locked before they were in control of the hacker. I think ‘Astar Core’ team took it’s responsibility in this incident.

Project on dApp Staking are Astar Collective responsibilities, this also includes you as user, to use a project that you trust. I don’t see why you blame Astar Foundation to be washing their hands. Neurolancher was fixed by the entitity that got the responsibility and mandate to do.

It’s easy to blame Astar Foundation about this but it’s Astar Foundation that is dealing with Sony, we ensure everything keeps profesionally handled between us and them. Actions that we are doing from Astar Foundation ensures this relationship. So blaming us for not doing things or washing our hands clean are not happening. We do things you don’t see, so please only blame us when you have the full understanding.

Just to end, this whole incident had nothing to do with Astar Foundation but a security breach on Neemo Finance. All responsibility related to this hack, needs to be addressed by them. Astar Foundation doesn’t need to justify why that project used an EOA for their contract deployment, while multisigs and other toolings were provided from day 1 in the Soneium ecosystem. Astar Foundation don’t need to do audit on a project on Soneium. We promoted based on the usage and utility it gave on Soneium to the ASTR token.