It's been a rollercoaster few days for FactorDAO as the Arbitrum-based project sees controversies and volatile trading for $FCTR tokens after one of the most hyped launches in recent weeks. By shauryamalwa.
Arbitrum-based asset management protocol FactorDAO released its much-awaited staking service on Monday, days after ending a token sale on the decentralized exchange Camelot and facing controversy in the crypto community.
“This project called FactorDAO $FCTR launching on CamelotDEX Is a blatant copy of SpoolFi,” popular Crypto Twitter trader Romano tweeted. “Imitation is flattery.” Factor has since focused on releasing its staking and vaults services for users. However, the distrust among Crypto Twitter remains, asStaking refers to locking up one’s tokens to participate and help maintain the security of that network's blockchain, in turn for rewards.
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