Arco Protocol's Website and Discord Channel Are Both Currently Offline

Arco Protocol's website and Discord channel are both currently offline.

Arco Protocol, which offers lending and staking services, originally intended to raise funds in the form of IDO on Oct. 29. However, Arco Protocol said that over 300 people depositing to the IDO at the same time caused network congestion and unforeseen token claiming issues.

Arco Protocol then posted a poll on Twitter asking the community if the funds received should be returned, retained or the project itself should be handed over to the community to manage. To date, 48.3% of users have requested a refund.

Source

Aptos

Lending

Staking

In This Article

Related News
Wormhole, EigenLayer and NEAR-focused Nuffle Labs partner to bring restaking beyond Ethereum Wormhole, EigenLayer and NEAR-focused Nuffle Labs partner to bring restaking beyond Ethereum
Arijit Sarkar Arijit Sarkar 2 hours ago Crypto lender Polter Finance halts operations after $12M hack Arijit Sarkar Arijit Sarkar 2 hours ago Crypto lender Polter Finance halts operations after $12M hack
Starknet community approves vote to implement STRK token staking by end of 2024 Starknet community approves vote to implement STRK token staking by end of 2024
Tether expands USDT stablecoin to Aptos blockchain Tether expands USDT stablecoin to Aptos blockchain
Aave proposal considers activating fee switch and buying back tokens from open market Aave proposal considers activating fee switch and buying back tokens from open market
Latest News More More
14 Hours Ago Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
3 Days Ago TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
6 Days Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
July 3 North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
July 3 JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open