We made a quick write up on the Multichain situation and we HIGHLY encourage people to read through the entire article if you ha
08 Jul 2023, 12:05
We made a quick write up on the Multichain situation and we HIGHLY encourage people to read through the entire article if you have any questions or arent completely caught up.
Here's the quick bullet points but please also read the whole article if you arent caught up.
- If you hold funds on all chains (except arbitrum) anywhere other than your wallet (beefy vaults, gnosis safes, velodrome LP, uniswap LPs, etc). Please move them to your wallet in order to ensure you get your balance airdropped to you correctly.
- If you’re an Arbitrum holder you do not need to do anything before or after the snapshot
- Buying after the snapshot should be done at your own risk, as any balance after the snapshot will not be honored
- The time of the snapshot is still not determined but will be announced when potential damage and loss are minimalized to passive unaware holders.
- There will be a new UNIDX token on all chains except Arbitrum.
- All holders will receive funds on ETH as this will be the native chain for token deployment.
- If you are attempting to farm, do understand you will experience a great loss of your LP position as once the snapshot is taken, the typical market reaction is to sell into remaining LPs completely.