It’s been a difficult week for Aragon’s governance platformwhere philosophical differences have led to a long list of resignations.
The co-founder of Aragon, Jorge Izquierdo, display on January 11th that would stop working as Aragon One CEO, a company dedicated to the construction of tools and services related to Aragon.
Aragon is an Ethereum-based platform that deals with decentralized governance.
The announcement came a few hours after the news broke it Aragon had bought Dvote Labs, the company behind Vocdoni’s blockchain voting protocol.
Today I stepped down as CEO of Aragon One.
Leading this team has been the privilege and adventure of a lifetime and I am very proud of what we have achieved.
I’m pretty sad that this happened, but in the following circumstances, I don’t think I can continue to do a good job.
– Jorge Izquierdo (@ izqui9) January 11, 2021
Left quoted their differences from the decisions of the project’s governing body, the Aragon Associationas a reason for leaving the project in which he has been involved since 2015.
I’m sorry to hear that Jorge. Unfortunately another example of a governance startup with dysfunctional governance. Yes, I essentially tweet the entire DAO sector.
– Richard D. Bartlett (@RichDecibels) January 13, 2021
One week before Izquierdo’s departure John Light, Governance Director of the Aragon Association, announced his resignationand stated that he felt that The project no longer reflected its values or those of the original Aragon Manifesto.
To increase transparency and improve as an organization, Light suggested that members of the Union “publish all meeting minutes and finances for public review” in the future..
Inspired by the actions of the light and in accordance with the feelings expressed in his letter, 11 Aragon One employees left the company in the following daysand publicly present their resignations on the project’s official Discord channel.
After questions were asked about a December transfer of 52,000 ETH from Aragon’s treasury in the project’s Discord chat, the Chief Operating Officer of the Aragon Association, Joe Chatsworth, stepped in to provide an explanation to allay fears that the project would lose its transparency. According to Chatsworth, the lot was sold to ETH to help “Ensure a sufficient track of stable assets to withstand a significant market downturn”.
Although connoisseurs are silent on this subject, Izquierdo and Light have given subtle hints that they believe Aragon is becoming too centralized.. In the last letter from Izquierdo to the Aragon Association, referred to the current debate on the censorship of big tech companies and compared maintaining internet neutrality to a big fight:
“I think stopping the trend of making internet infrastructure owned by some companies should be our generation’s struggle, similar to last century’s struggle to eradicate fascism from Europe.”
In October the co-founder Luis Cuende made the case to Cointelegraph that Aragon could potentially be used to solve social media moderation problemsas it provides a framework for a virtual court where Participants who use crypto to make a claim that will be judged by a decentralized jury.
May 2018 token sale for Aragon brought the ETH in 26 minutes 25 million US dollars, which at the time was the fourth largest crowd-funded event in history. According to the stat trackers from DeepDAO Seven of the 10 largest DAOs by USD value use Aragon as their platform. The Aragon platform also supports popular DeFi projects such as AAVE, Curve and mStable.
The price of ANT, Aragon Network Token, has dropped 8% in the past seven days.