It has been a difficult week for Aragon’s governance platform where philosophical differences have resulted in a long list of resignations.
Jorge Izquierdo, co-founder of Aragon ad on January 11, he would no longer work as CEO of the for-profit Aragon One, a company dedicated to creating tools and services related to Aragon.
Aragon is an Ethereum-based platform involved in decentralized governance.
The announcement came just hours after the announcement of Aragon’s takeover of Dvote Labs, the company behind the Vocdoni blockchain voting protocol.
Today, I resigned from my role as CEO of Aragon One.
Leading this team has been the privilege and the adventure of a lifetime and I am extremely proud of what we have accomplished.
I’m pretty sad that it has come to this, but given the circumstances that follow, I don’t think I can continue to do a good job.
– Jorge Izquierdo (@ izqui9) January 11, 2021
Izquierdo city his differences with the decisions taken by the project’s governing body, the Aragon Association, as a reason for leaving the project, of which he had been a part since 2015.
Sorry to hear Jorge. Unfortunately, another example of governance startup with dysfunctional governance. Yes, I basically sub-sweetened the entire DAO industry.
– Richard D. Bartlett (@RichDecibels) January 13, 2021
A week before Izquierdo’s departure, Aragon Association governance chief John Light announced his resignation, stating that he felt the project no longer reflected his values or those of the original Aragon Manifesto.
In order to increase transparency and improve itself as an organization, Light suggested that association members “publish all minutes and financial data for public review” in the future.
Inspired by Light’s actions and in keeping with the sentiments expressed in his letter, 11 Aragon One employees left the company over the following days, publicly submitting their resignations on the project’s official Discord channel.
After questions were raised about a 52,000 ETH transfer in December from Aragon’s treasury in the project’s Discord chat, Aragon Association COO Joe Chatsworth stepped in to provide an explanation to address the concerns. fears that the project will lose its transparency. According to Chatsworth, ETH was sold to help “ensure a sufficient track of stable assets to withstand any significant market downturn.”
While insiders remain silent on the matter, Izquierdo and Light have given subtle hints that they believe Aragon is becoming too centralized. In the last of Izquierdo letter at the Aragon Association, he referred to the ongoing debate on censorship of big tech and compared maintaining internet neutrality to a big struggle:
“I think that ending the tendency of large Internet infrastructures owned by a few companies to be the fight of our generation, like the fight of the last century to eradicate fascism in Europe.”
In October, co-founder Luis Cuende argued to TBEN that Aragon could potentially be used to address social media moderation issues, as it provides a framework for a virtual court where candidates stake crypto to make a claim. judged by a decentralized jury. .
The May 2018 token sale for Aragon raised $ 25 million in ETH in 26 minutes, which at the time was the fourth largest crowd-funded event in history. According to DeepDAO tracking statistics, seven of the top 10 USD worth DAOs use Aragon as their platform. The Aragon platform also powers popular DeFi projects such as AAVE, Curve and mStable.
The price of ANT, the Aragon network token, is down 8% over the past seven days.