BounceBit to launch CeDeFi V2 on November 11, shut down V1 on November 4
On November 1st, CeDeFi infrastructure BounceBit announced that it will launch CeDeFi V2 on November 11th, V1 will be closed on November 4th, and users will need to complete any pending pledge/unpledge operations in V1 by November 4th. after November 11th all user positions will be automatically migrated to V2. early redemptions in V2 will be subject to a fee of 1% of the principal amount. BBTC entrusted to verifiers on the BounceBit network and BBTC and BBUSD held in wallets are not affected.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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