The founder of Compound gives up the struggle for control over LQR and criticizes the lack of transparency in traditional equity structures

ChainCatcher news, Compound founder Robert Leshner announced that he has given up the fight for control of LQR Company due to the company's continuous issuance of shares, which has severely diluted his ownership stake, rendering him unable to maintain effective control.

Leshner stated that he would not initiate a proxy fight or legal action, but plans to recommend community experts to LQR to assist in establishing a cryptocurrency treasury. He pointed out that this incident highlights the high opacity of traditional markets in share tracking, demonstrating the advantages and potential of crypto technology in governance transparency.