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Polkadot-based SubDAO pulls out of parachain slot auctions; what gives
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Like a bride or a groom changing their mind before the fateful “I do,” the much-anticipated Polkadot Parachain Slot Auctions saw one applicant puling out early. Now, more details have emerged.
In its statement, SubDAO, a Polkadot-based DAO protocol announced,
“Through discussion with the development team and prudent consideration, SubDAO Labs officially decided to suspend Polkadot Parachain Slot Auction, and prioritize cooperation with other parachains. SubDAO will deploy its contracts on Moonriver as the first step to cooperate with other parachains.”
SubDAO [GOV] listed several reasons for the decision, including other options for growth, several XCM updates, and high costs.
Looking at the first reason, SubDAO explained that there were other
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