Updates on rDPX Token Upgrade and LP Migration
Updates on rDPX Token Upgrade and LP Migration
LP holders who hadn't withdrawn before the rDPX token upgrade have now received the equivalent amount of rDPX and ETH as per the LP ratio. Holder data was snapshotted at Block 146159501 just before the token upgrade. LP tokens in EOA wallets or staked in Sushi Farm were directly received. Rewards from Sushi Farms can be claimed from their site. Users who staked via a different smart contract or multisig can contact support for token refund. The tokens can now be used to LP at CamelotDEX and earn rewards.
🔥DPX/ETH migration from Sushi to @CamelotDEX is LIVE! After a successful migration of our rDPX/ETH liquidity to Camelot, we have commenced migration of DPX/ETH to Camelot! Camelot is a leading Arbitrum native DEX and our strategic partnership is set to enhance capital
📣 Our liquidity migration from Sushi to @CamelotDEX is LIVE! Camelot is a leading Arbitrum native DEX and our strategic partnership is set to enhance capital efficiency, improve yields, and set a path for additional integrations in the future for our liquidity providers.
💫Weekly roundup of all things Dopex! - WEEK 41 and 42🚨 📍Product/feature: 🔹Dopex v2 CLAMM: Work on contracts have been frozen for auditing. Audit by yaudit has officially begun. Work on frontend for CLAMM is still ongoing. 🔹Options AMM MVP: The Options AMM is currently
🚧 CAUTION 🚧 The $rDPX token upgrade is set to begin in the next few hours. If you have liquidity in the Sushi pools, we strongly recommend migrating to @CamelotDEX to avoid any delays in retrieving your LP 🚧 rDPX Under Construction 🚧
In anticipation of rDPX v2, we have a crucial update for our community: Last year in June, a bug in our StakingRewards contract had permanently locked liquidity for Sushi V2 LPs. All affected users were compensated using the protocols treasury funds. Upcoming Contract Upgrade:
Rewards for the Sushi rDPX/ETH pool have now ended. We are thankful to the @SushiSwap team for giving $rDPX a home over the years 🙏 Please migrate your liquidity to @CamelotDEX immediately to not miss out on future rewards
📣 Our liquidity migration from Sushi to @CamelotDEX is LIVE! Camelot is a leading Arbitrum native DEX and our strategic partnership is set to enhance capital efficiency, improve yields, and set a path for additional integrations in the future for our liquidity providers.
🚨The $rDPX token upgrade has been successful! We are pleased to announce we've rescued the locked tokens from the SushiSwap LPs. 💰The approximate value of tokens rescued is $900,000. Any LPs leftover from SushiSwap will be distributed later to users. We'll keep you updated!
In anticipation of rDPX v2, we have a crucial update for our community: Last year in June, a bug in our StakingRewards contract had permanently locked liquidity for Sushi V2 LPs. All affected users were compensated using the protocols treasury funds. Upcoming Contract Upgrade:
Updates ⚡ 🔹LP holders who hadn’t withdrawn before the rDPX token upgrade have now received the equivalent amount of rDPX and ETH as per the LP ratio. Holder data was snapshotted at Block 146159501 arbiscan.io/block/146159501 just before the token upgrade. 🔹If there was LP
🚨The $rDPX token upgrade has been successful! We are pleased to announce we've rescued the locked tokens from the SushiSwap LPs. 💰The approximate value of tokens rescued is $900,000. Any LPs leftover from SushiSwap will be distributed later to users. We'll keep you updated!
Stryke Rebranding Announcement
On April 8th, 2024, the decentralized options exchange formerly known as [previous name] officially rebranded to Stryke. The platform allows users to hedge Bitcoin, Ethereum, Arbitrum, and other cryptocurrencies through decentralized options trading. The company's new Twitter handle is @stryke_xyz, which users should follow for official updates and announcements.
Synthetix Launches New Token Migration
Synthetix, a decentralized options exchange platform, has announced the launch of a new token called SYK. Users are encouraged to visit the provided website to begin migrating their existing DPX and rDPX tokens to the new SYK and xSYK tokens. Further details regarding the migration process can be found on the website.
Dopex Options Protocol Rebranding and Evolving
Dopex, one of the leading decentralized options protocols, is undergoing a rebranding and evolution process. The reasons behind this move are yet to be revealed. An interview with Bosslmp75 of Dopex has been conducted to provide insights into the changes and the rationale for this decision, which is expected to impact Arbitrum's top options protocol.
Dopex Introduces 'Wide-range Strategy' to Mitigate Market Volatility
Dopex, a decentralized options exchange, has announced the introduction of a 'Wide-range Strategy' aimed at reducing losses from price fluctuations. This move comes in response to the upcoming end of the STIP reward period and recent market volatility. The new strategy will be implemented starting with tomorrow's rebalance on the Stryke Vault, without requiring any migration from users. Dopex allows users to hedge their positions in cryptocurrencies such as Bitcoin, Ethereum, and Arbitrum.
AMA with PerfectSwap.io and 0xOrangeFinance Now Live
PerfectSwap.io, a decentralized options exchange, and 0xOrangeFinance, a platform for hedging cryptocurrency assets like Bitcoin, Ethereum, and Arbitrum, are currently hosting a live Ask Me Anything (AMA) session. This event provides an opportunity for the community to engage directly with representatives from these projects and ask questions or seek clarification on their offerings and future plans.