Vader protocol decides to shutdown its stablecoin after failing to find a capital efficient solution despite months of research.
USDV and VADER holders have until June 2023 for redemption.
Vader Protocol announced that it is shutting down its stablecoin protocol due to a lack of a capital-efficient stablecoin design. The algorithmic stablecoin protocol will return the protocol-owned funds and team treasury to VADER and USDV holders. Users can redeem their assets from the Vader website, which is available until June 2023.
We are sunsetting Vader Protocol: https://t.co/C3AKHo9URj
Existing $VADER and $USDV holders, please visit the webapp to redeem the treasury: https://t.co/SnRlvpXnaQ
For all technical issues related to the claim, please check in at the <vader> channel on Discord.
— Vader (@VaderProtocol) December 29, 2022
What USDV Holders Need to Do
The team’s treasury, comprised of USDC and ETH, will be merkledropped to existing VADER and xVADER h
We współpracy z: https://dailycoin.com/vader-stablecoin-usdv-shuts-down/
