Nicholas H.
171 posts
@nichcryptic
Lost in blocks. $JUP $SOL Maxis
Today, Eclipse Labs announced team and leadership changes to align with a new direction post-TGE. Over the past months, we’ve explored opportunities for application development on the network. Going forward, we’ll prioritize building a breakout application on top of Eclipse’s L2 infrastructure, with more details to come. As part of this transition, @0xSydney will assume the role of CEO following the voluntary departure of @0xLitquidity. To align resources with our updated strategy, we have reduced our workforce by 65%. This difficult decision was made to give Eclipse the flexibility needed to execute on its next chapter. Eclipse’s mission to bring web2-scale applications onchain remains unchanged. We look forward to continuing this journey with our community, token holders, and stakeholders.
Yes, I was also let go. I will no longer continue as Community Lead for Eclipse. Now that the news are out, let me share the answers to some common FAQs: Did I decide the ASC TGE allocation? No, this was not my decision. I was against this amount and fought back internally. The Eclipse leadership team did not listen to me. If it were up to me, I would had given 2-3% of the $ES supply to ASC holders. The new Eclipse CEO (Sydney) was the one who decided the airdrop allocations for TGE, including the ASC allocation of 330 $ES. What about ASC? Duke and I have been supporting the ASC floor with over 35 ETH ($160k+) in buybacks since TGE. This is all coming from ASC, Eclipse has not provided any support. ASC Treasury now owns 11.3% of the supply. We bought over 1,000+ ASCs back since TGE. Duke and I will decide what's next for ASC over the coming weeks. Will Eclipse build any new utility for ASC in any of its upcoming products? That will be up to Sydney as the new Eclipse CEO to decide. What about GEM? The BITZ team decided to cancel the collab the moment they learned the BITZ Liquidity Program was going to stop. I have no idea if the program is restarting or not. Again, not my decision to stop it or restart it. It will be up to Sydney to decide if Eclipse will restart the program. Did I sell any ASCs or ES? No. I have never sold a single ASC on Scope, and my $ES tokens are locked. Was I made into the TGE scapegoat by Eclipse? Yes. I personally feel like I was stabbed in the back by Eclipse. I took all the public hate and blame for decisions I was against and were outside of my control to make. I was never part of the "Leadership Team" at Eclipse, my job as "Community Lead" was to communicate their decisions to the rest of the community and provide community feedback to better inform those leadership decisions. Ultimately they were not my decisions to make. I dealt with endless personal attacks and hate for decisions I was against, I took them all on the chin without complain, and even after all that, Eclipse decided to let me go with this recent restructure. I am proud of the work I did at Eclipse as Community Lead, the insane community that was built. Ultimately, I agree with @goatnataaaaa and many others regarding their perspectives in how the Eclipse leadership team decided to reward its community. I wish Sydney and the remaining Eclipse team the best of luck in the future.
Today, Eclipse Labs announced team and leadership changes to align with a new direction post-TGE. Over the past months, we’ve explored opportunities for application development on the network. Going forward, we’ll prioritize building a breakout application on top of Eclipse’s L2 infrastructure, with more details to come. As part of this transition, @0xSydney will assume the role of CEO following the voluntary departure of @0xLitquidity. To align resources with our updated strategy, we have reduced our workforce by 65%. This difficult decision was made to give Eclipse the flexibility needed to execute on its next chapter. Eclipse’s mission to bring web2-scale applications onchain remains unchanged. We look forward to continuing this journey with our community, token holders, and stakeholders.
GM, I’ve replied to most of the DMs I received. I took a few days off to process everything, to analyze the situation, and to manage the anger and sadness I felt. After 2 years of contributing as a community member, with no salary and no hidden payments like some haters assume, it’s frustrating. Maybe not everyone understands what it means to give so much to something you believe in. I believed in something for 2 years. Few people can sit at the same table as me and genuinely say they contributed more or worked harder. What should have been the best time of my life turned into a mess. I’ve been questioning everything. Financially, I’ve taken a big hit on my assets(down on $ES down on my Bitz investement down a lot on my ASC investement). And still, people insult me as if I made the decisions or was sitting with the Eclipse team. They forget I gave my best, without counting time, without protecting myself from everything I’m now losing. It hurts to watch the friends I made during this journey, now lost, sad, and silent. Just like me, all they wanted was to win and to celebrate that win with every Eclipse community member. Here are 4 points that made me feel lost and angry: 1) "330 ES per ASC" I still can't accept that the Eclipse team decided that. It’s disrespectful to my work, to every holder who defended ASC through all the FUD, and to everyone who proudly pushed the ASC brand across ecosystems. => Nate mentioned they realize that now and are working on something for ASC. Better late than never??? 2) Why weren’t the tokenomics shared clearly from the start? Why were they released so late? People deserve transparency. Show your believers why they should hold ES and continue to trust you. => A blog with the full tokenomics is coming. Still, why was it delayed? 3) I’ve seen community members who still hold most of their assets, just asking questions without insults or threats, getting shut down or having their comments hidden. Please listen to them. They’ve deserved it. 4) If someone wants to take profits or explore other options, who are we to stop them? The Eclipse team should give people reasons to believe, not punish them for their choices. The goal should never be to trap people, but to inspire them to stay. I’ve done what I could. Now it’s time for Eclipse to deliver. Time to show the world why this community believed in them for so long. I sincerely hope to see Eclipse 2.0 become a reality, not just a theory. What about Hinata? I’m definitely going to explore my options. Exploring and discovering new things. The Eclipse ecosystem will always have a place in my heart and hoping to see some changes in the days and weeks ahead. If there’s something worth fighting for, I’ll be there to defend it. I’ll always support builders, dApps, and community members in the Eclipse ecosystem. And if anyone ever needs me, whether it’s about Eclipse or something else, I’m here. The greatest win for me has been connecting with so many incredible people. That’s the best advice I can give: Network. Take time to learn from others. Listen. Be there for people, and they’ll be there for you. Thank you for everything. Thank you for your support. Thank you for this incredible journey. ❤️
