Louverture Developer Speaks Out | Where Is Our Money?

2 years ago
66

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

USEFUL LINKS:
Join our Telegram community: https://t.me/cryptorelli
Connect through Discord: https://discord.gg/cryptorelli
(CAPTCHA required. Check DMs).
I post my best (and worst) calls daily on Twitter first: www.twitter.com/alectorelli
Subscribe to my curated crypto newsletter: alectorelli.substack.com

---

I'm very active on social media, as well as my personal blog, personal YouTube and Conscious Poker YouTube. Follow me and let's connect.

Personal YouTube: www.youtube.com/alectorelli
Poker YouTube: www.youtube.com/consciouspoker

Personal Blog: www.alectorelli.com
Poker Training Site: www.consciouspoker.com

DISCLAIMER: Everything Alec Torelli says on the CrypTorelli YouTube, his trades, strategies, and news coverage are based on his opinions alone and are only for entertainment purposes. You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the cryptocurrencies and public and private markets, and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence. You and you alone are responsible for all of the financial risks you take.

Loading comments...