Bamboo DeFi submits to the first Arbitration Award of the Blockchain Arbitration Society

Mexico, Yucatán, Texan

Published 1 year ago

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Bamboo DeFi submits to the first Arbitration Award of the Blockchain Arbitration Society

Mexico, Yucatán, Texan,

Published 1 year ago

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The Blockchain Arbitration Society (BAS), has resolved an arbitration related to a conflict in the blockchain ecosystem, through an equity arbitrator under the administration belonging to this association. This is the first known award in a blockchain arbitration in Spain involving the company Bamboo DeFi, from that region.

In the resolution issued by the arbitrator Oswaldo Francisco Torres Hernández, it acquits a DeFi, Bamboo DeFi, of the request to remunerate native tokens (Bamboo) generated by “liquidity mining” by an investor, as agreed in the procedure.

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The conflict in question, as announced by the Blockchain Arbitration Society, consists of the fact that, "the actor considered that by providing liquidity, without having withdrawn previous" rewards "(obtained in said pool).

he had lost the" bamboos "earned from through “liquidity mining”. "Specifically, a profit announced in the protocol of 39.1871" bamboos. to request Bamboo Defi to refund the 39.1871 Bamboos to its Wallet and also that Bamboo DeFi fix the problem of losing accumulated bamboos in a pool when more liquidity is provided ”.