Kujira: A DAO will be established to manage the treasury and core protocol

ChainCatcher news, the Kujira team stated on social media that they had decided to allocate part of the operating funds for ecosystem liquidity and activity promotion, a decision that was considered reasonable at the time.

However, subsequent events such as security vulnerabilities and social engineering attacks led to market instability. The team stated that they take full responsibility for the current situation and sincerely apologize for the impact on prices, reiterating that there are still 14 million KUJI safely in the foundation's treasury, and claims that the entire treasury is at risk are inaccurate.

To enhance transparency and accountability, Kujira will establish an Operational DAO (Kujira Operational DAO) responsible for managing the treasury and core protocols. The primary task of this DAO is to safely reduce debt, planning to offer discounted KUJI to the community through Fuzion's bond products, and setting various maturity and vesting plans to minimize the impact on long-term prices.