VELOCIMETER V2 LAUNCH & V1 COMPENSATION. The v2 Velocimeter farms will go live in approximately 4 hours.
15 Mar 2023, 20:26
VELOCIMETER V2 LAUNCH & V1 COMPENSATION
The v2 Velocimeter farms will go live in approximately 4 hours. You will be able to create your new vaults at this time. 🚀
Disclaimer: Please be aware that liquidity may be low before the migration is complete and while we have done a peer review we have not had the time to do a full audit of the code. Ape with caution please.
Compensation for USDC/CANTO Locked Vaults
In this industry it's rare to find stand up project owners however in this case I am pleased to say that the guys at Velocimeter are men of their word and I commend them for their efforts to make things right with all investors. That being said, we have finalized a deal with the Velocimeter team to fully compensate all users that have had funds locked. Details below:
➡️ Velocimeter Team has sent us one half of the locked funds in FLOW to our treasury.
➡️ dexVAULTS treasury will be adding an equal amount to cover the remaining balance.
➡️ In exchange for DexFi’s contribution, Velocimeter will be providing us with a veFLOW NFT of equal or greater value to be held by our treasury as an investment.
➡️ DexFi will use these funds to create a Recovery Vault and will airdrop the vault tokens directly to the users that were affected.
Additional Compensation
For anyone else that was in v1 and may have been affected - we will be offering a special Boosted Vault that will be whitelisted for those users only. This vault will be deployed tomorrow. We have yet to determine the final amount of the boost but all users that were in v1 will have the opportunity to join for additional APY once it's live. We have everyone's addresses and will provide more info on this tomorrow.
We appreciate your faith and patience as we were resolving the issue. As always, DexFi has your back.
Same news in other sources
116 Mar 2023, 06:08
VAULT TOKENS DROPPED
All Vault tokens have been airdropped to @everyone that was affected by the Velocimeter v1 vaults containing CANTO/USDC. You can now view your vault in the “My Vault” section.
Standby for boosted vaults next 🚀
VAULT TOKENS DROPPED.
VAULT TOKENS DROPPED
All Vault tokens have been airdropped to @everyone that was affected by the Velocimeter v1 vaults containing CANTO/USDC. You can now view your vault in the “My Vault” section.
Standby for boosted vaults next 🚀