Aptos-based DeFi protocol Arco offers refund option after IDO issues
According to an announcement by the team, the protocol had network congestion because over 300 people deposited on it simultaneously, and there was a delay with the $ARC token claim process. Aptos-based (APT) DeFi protocol Arco has asked the community to determine its fate after a failed initial DEX offering.
Apart from that, the team revealed that several partners of the DeFi protocol had ended their partnerships because of the issues that happened during the IDO. Some of the failed partnerships included that of Wormhole and Celer Network. Arco Protocol posted a Twitter poll asking the community to make a decision on whether it should refund users, hand over control of the project to the community, or trust the team to keep building the protocol.
Source
https://t.me/CryptoMarketUpdates
