This was quite a shock to read this yesteday morning. Have already had a call with Gauntlet and WOOF and Sonic Teams.
The Vote was set to go up next week for a mid march deployment as communicated directly to the Sonic team.
While I agree it’s time consuming to work through the Governance process and we can optimize the experience, Sonic pushed really hard to decrease incentives and we settled on $500k of incentives after 3 months of negotiation.
This led to their chain being deprioritized as other chain deployments that are incentivizing $1MM and above are the priority.
At no time did Sonic communicate a cut off date to the AlphaGrowth team, until today.
As it is a grant situation and there is no recourse only reputation. I call into question Sonic’s business practices in how they are handling the situtation.
The real reason they are going a different direction is that they will now spend $15MM in incentives with AAVE, in which AAVE promised them a majority of Polygon’s TVL.
Please correct me if I am wrong in any of these statements.