Yearn's core developer, banteg, has spoken out against LayerZero's fundraising approach, likening it to a beautified Initial Coin Offering (ICO). In a post on platform X, banteg urged a halt to the mass funding of Protocol Guild, arguing that it has already received substantial funds and that support should be redirected to smaller initiatives.

banteg's comments come amidst controversy surrounding LayerZero's fundraising strategy, which has drawn criticism for resembling a forced donation. This approach has raised concerns among stakeholders, who see it as similar to ICOs, a form of crowdfunding for cryptocurrency projects that has faced scrutiny and criticism due to potential misuse and lack of regulation.

By speaking out against LayerZero's fundraising approach, banteg highlights the need for a more diverse and inclusive funding landscape. By redirecting support to smaller initiatives, the cryptocurrency community can provide opportunities for a wider range of projects to succeed, promoting innovation and growth.

banteg's call to halt the mass funding of Protocol Guild is a reminder that resources should be allocated efficiently, supporting projects that truly need funding. This approach will help create a more sustainable and equitable funding environment, benefiting the cryptocurrency community as a whole.

In conclusion, banteg's criticism of LayerZero's fundraising strategy highlights the importance of responsible and inclusive funding practices in the cryptocurrency community. By promoting diversity and supporting smaller initiatives, the community can foster innovation and growth, creating a brighter future for all stakeholders.