Currently, this controversy involves approximately 18.81 million NIGHT tokens, with a market value close to $1 million.
Regarding the allocation of the 18.81 million NIGHT tokens, community discussions pointed out that these tokens were initially related to the Glacier Drop of the Midnight ecosystem, where it was expected that the assets stored in the smart contract would be returned to their rightful owners.
Hoskinson stated on Twitter that last October, the Liqwid team publicly announced that 100% of the assets held in the protocol's smart contract would be returned.
To resolve this controversy, Hoskinson proposed a re-vote on governance and requested that any insiders who might benefit abstain from voting.
He also suggested simplifying the voting process, allowing token holders to decide on just one question: Should the project adhere to its previous commitments to users?
“If people deposited funds believing these terms would be honored, then the responsible course of action is to let the community decide whether these commitments should continue to be valid.”
Hoskinson believes that conducting a second vote could resolve the issue and rebuild trust. He warned that if users feel that only a few individuals control the decision-making, confidence in the protocol may decline.
The Liqwid team responded: “We understand your views and those of other community members. We will share the next steps soon.”
The focus of this debate is the 18.81 million NIGHT tokens related to Liqwid's ADA market, with users questioning whether the earlier commitments regarding asset returns have been honored. Currently, the latest market value of these 18.81 million NIGHT tokens is approximately $1 million. The Liqwid team acknowledged the community's concerns and stated that they would soon share follow-up measures to address the controversy.