TechFlow news — MetaLine, an NFT-based nautical game in the Arbitrum ecosystem, has accused DeFi liquidity management protocol iZUMi Finance of misappropriating mining rewards and dumping its tokens. MetaLine stated that it officially partnered with iZUMi Finance on May 29 to participate in a double-reward mining campaign. Under the collaboration, MetaLine committed to creating a $60,000 MTG liquidity pool, contributing $20,000 worth of MTG as mining incentives, while iZUMi Finance was to provide $5,000 worth of IZI tokens as matching mining rewards.
However, MetaLine discovered that iZUMi Finance only allocated half—$10,000 worth—of the $20,000 MTG sent by MetaLine into the liquidity mining reward pool. Furthermore, iZUMi Finance sold over $2,640 worth of the remaining MTG tokens that were not deposited into the mining pool, and then reinvested the proceeds back into the mining activities. Despite attempts to seek clarification from iZUMi, MetaLine has not received any response.
