Funds used:
- The developer wallet is open for everyone to check: Z72w8QNfMmbvq6VJ82yPd2giVHezNtpzVc3ZeSbCPu5j5EV
- The funds that has been send out to employees and exchanges can be seen here: Subscan | Astar Transfer List
- I don’t see any misuse of the funds earned and the usage has been explained by Skylabs team in the thread above: ❇️ UCG: SkyLabs - Next Steps - #59 by AkinSkylab
- Also in the first report as part of the first UCG cycle, SkyLabs was very transparent about what has been sold at what price.
- Total amount ASTR earned from dApp Staking:698,562.211, you can see the full list here: Subscan | Aggregate Substrate ecological network high-precision Web3 explorer
- With the current rate this is around $45,9k USD, the team also stated before that they sold ASTR during the bear market at a much lower amount.
Others:
- SFY_Labs & Zorounashi have been attacking the team since November 2024, it seems they are both active Italian gaming studios. SFY Labs left the Astar ecosystem some time ago and it’s very unclear if this is a personal vendetta or not.
- Saw the latest post of Maarten where he pointed out that SFY Labs and Zorounashi share the same IP and being the same person. I also pointed this out in something I discovered before but asked for an explanation to SFY Labs, where he pointed out they work from the same office.
Next steps:
- Having SkyLabs as part of dApp Staking during UCG made sense and we everyone supported them.
- Having SkyLabs as part of dApp Staking after their UCG grant has ended and now entering the 9th month as officially being part of dApp Staking without anything onchain, is not correct.
I still support the project but I would make more sense if they applied back when everything is released and fully working. In the current phase, it makes sense to support the delisting proposal.