Delist Starlay Finance from Dapps-staking

[Amil_Gaoul]

I am writing the following proposal to request to delist Starlay Finance from Astar Network Dapp Staking.
Bases:
Starlay Finance has been raising millions of ASTR from Dapps-staking and has deceived the Astar community several times, and now recently Starlay expanded to Acala Network giving rise to the possibility of an exploit due to its irresponsibility and failure to perform the security audits necessary, said exploit affected hundreds of users and has caused and continues to cause losses of thousands of dollars to Polkadot users.
Additionally, Starlay has recently stated publicly that they currently do not have a team, and that they do not have funds.

Since its launch, Starlay has not had any security audit carried out on its protocol, something which is essential for any respected lending protocol in the crypto industry. Starlay has had and earned the money from its fraudulent IDOs and misuse of Dapps-staking, but it has not bothered to spend a single cent on security, nor in developing the protocol.

Add that Starlay is ready to flee and dissolve with all the money it has earned.

[SeiyaChida]

@Amil_Gaoul
Firstly, I want to highlight that your statements are baseless, not aligned with facts, and demonstrate a lack of engagement with the available information.

First of all It’s important to address that the delisting proposal from earlier this year has already been rejected. Have you had a chance to confirm this? It’s crucial to verify such details before further discussion. Proposal to delist Starlay from dApp staking

Regarding the remarks about our team and funds, it seems there’s a significant misunderstanding. It’s essential to consider the full context of those statements. We operate under a DAO model, which means our founding members, or what you might consider our ‘official team,’ do not receive funding directly from the treasury. This setup was clarified in response to community queries that suggested only the Starlay team benefits from treasury spending. In reality, every expenditure from the treasury is subject to community voting, ensuring that no funds are used without democratic consent.

Since its launch, Starlay has not had any security audit carried out on its protocol, something which is essential for any respected lending protocol in the crypto industry. Starlay has had and earned the money from its fraudulent IDOs and misuse of Dapps-staking, but it has not bothered to spend a single cent on security, nor in developing the protocol.

As for the audits, they have indeed been conducted, and I’ve responded to this query previously. Please refer to that for confirmation first. Starlay in dApp Staking program - #13 by SeiyaChida

Add that Starlay is ready to flee and dissolve with all the money it has earned.

This is also not aligned with facts… You can check our Snapshot vote here. Please check the facts and don’t write with baseless facts Snapshot

This recurring discussion with baseless statements and lack of engagement with the available information raises concerns about the efficiency of our discourse. Engaging in repetitive discussions, especially if this stem from a single source under multiple guises, strains both community and our resources, detracting from productive dialogue.

[Gaius_sama]

This topic has already been addressed a few months ago in this discussion: Proposal to delist Starlay from dApp Staking list and the proposal was rejected by the community. A new vote will not be opened for the same subject.

If you have any concerns you’d like to share with the community, I invite you to use the existing Starlay Finance discussion and post your message there.

Be sure to provide arguments and evidence when asserting something against a project.

With the dApp Staking V3 model, if the community isn’t satisfied with Starlay’s work and management, they won’t stake on Starlay and, as a result, the project won’t earn dApp Staking rewards, so there’s no longer a reason to delist a project.

This topic will be closed.