Louverture Developer Speaks Out | Where Is Our Money?

In a deep dive interview with Ape, lead developer of Louverture Finance, I aim to get to the bottom of the recent controversy that surrounds Louverture and Omega.

My main goal is to seek transparency for the community about the use of the Treasury and Marketing funds. Please make your voice heard by raising your concerns to the community to demand answers.

Timestamps:
0:00 - Intro
0:45 - Omega declined Invite
1:10 - Sustainability of APY
2:00 - When did we know it was unsustainable
3:20 - The Initial APY Plan
4:15 - The Growth Element
5:20 - Discussing the need to lower Rewards
5:50 - Lack of Communication
7:07 - Potential Improvements
8:00 - Is 0.5% APY sustainable?
9:15 - Medium Articles
9:47 - The Splitting of Responsibilities
12:30 - What's Omega great at?
14:30 - Why Ape lost confidence in Omega?
16:00 - Marketing Wallet
17:30 - The LVT Accounting Spreadsheet
20:45 - Ape requesting more transparency on company funds
22:20 - Project 2
23:20 - Ape and Friend's generosity
24:53 - Where's the Marketing Money?
27:28 - Omega believes the marketing wallet belongs fully to him
33:25 - AVAX Validator
37:00 - The Pie Chart
43:01 - Ape and Friends Issues with Omega
44:55 - Team Pay
52:15 - Multi Sig
56:27 - Ape tells Omega what to do with the Multi-Sig
57:45 - Community Vote and Current Multi-Sig Owners
59:00 - Ape, Friend and Omega actually had a phone call
59:30 - Ape claiming Omega supposedly lies about his friendship with frankcee
1:02:00 - Where can we see the Multi-Sig?
1:05:45 - The current Dev Team
1:08:40 - Ape's thoughts on Investments
1:11:00 - Ape's thoughts on how to continue
1:13:30 - What's coming for Louverture
1:18:25 - Ape wants to give defi_nick a bonus
1:19:38 - Ape claiming Omega wanted to rug the treasury for $2.5m

Breakdown of LVT funds: https://docs.google.com/spreadsheets/d/1BpCroALKwIM6mYWpXmCbuaFGEvL082deNmfczY_w6_4/

Multisig: https://gnosis-safe.io/app/avax:0x0a06F535D20e4F51B74dbB2CfE7565baE1Eb55AF/transactions/history

#Crypto #DeFi #Louverture

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