Degen (DEGEN), a token for the Farcaster community, may migrate to a new chain following a conflict with service provider ConduitXYZ that caused transaction processing delays.
Reasons for potential relaunch
Degen used ConduitXYZ's service for its rollup infrastructure, but a bad upgrade led to significant issues. The conflict arose because ConduitXYZ held control of some of the project's rollup keys, preventing migration. After three months of private negotiations, Degen made the issue public and is now preparing a chain relaunch.
Conflict between Degen and ConduitXYZ
ConduitXYZ offered a contract for migration with support, but Degen did not agree to the terms. Degen claims it was not compensated for the loss of value during a chain downtime in May, and the future payment conditions were seen as disadvantageous. The Degen community expressed dissatisfaction with ConduitXYZ's service integrity.
Consequences and future plans
The Degen bridge suffered from a faulty upgrade, causing 54 hours of downtime and user losses. In case of relaunch, Degen aims to recover all balances. The project states the need for a relaunch to restore lost activity.
Despite the challenges related to migration and conflicts with the service provider, Degen maintains community support and is considering a new chain launch to continue its operations.
