Aragon tokenholders recently voted to sue Aragon Association over token redemption plan<\/p>\n
Aragon is continuing to ship products despite its DAO and association readying to do battle in court.<\/p>\n
On Nov. 30, the Aragon OSx team announced the launch of OSx, its DAO infrastructure, alongside the Aragon App on Arbitrum, the leading Ethereum Layer 2 network. The deployment enables Arbitrum-based decentralized autonomous organizations to leverage its DAO management software.<\/p>\n
\u201cArbitrum is by far the most adopted rollup in the EVM ecosystem, both in terms of TVL and protocols launched on the network,\u201d said Ivan Fartunov, Head of Ecosystem at the Aragon Association. \u201cArbitrum communities can now launch a DAO in under 10 minutes and manage their assets in a transparent and user-friendly app.\u201d<\/p>\n
Aragon said its technology is used by more than 7,000 DAOs managing assets exceeding $16B across Ethereum and its Layer 2 ecosystem.<\/p>\n
Aragon\u2019s latest product launch comes despite the devolving dispute between the Aragon Association, the team that maintains Aragon\u2019s software, and ANT tokenholders.<\/p>\n
In May, the Aragon Association nixed a governance proposal seeking to transfer control of its treasury to tokenholders, claiming it had come under attack from \u201cRisk-Free Raiders\u201d \u2014 a group accused of buying up undervalued governance tokens in a bid to access treasury assets for a profit.<\/p>\n
The association moved to \u201crepurpose<\/a>\u201d its treasury into a grant program to protect the assets, but faced widespread criticism from web3 advocates who accused the Aragon team of disregarding the interests of ANT tokenholders and failing to honor DAO-based governance.<\/p>\n