Announcing the YPIE & USD++ Social Exit
Learn about our social exit option now that support for YPIE and USD++ has stopped
Hi DOUGHers, welcome to a special edition of our newsletter. As many of you know the votes for [PIP-71] and [PIP-72] have passed. What does this mean for you? In short, PieDAO will no longer support both the YPIE and USD++ tokens.
The following activities have already stopped.
Rebalancing,
LP incentives
Liquidity provisioning
Marketing
Internal listing of YPIE and USD++
Both products and all site functions will remain available at legacy.piedao.org. Holders can use the site to redeem the YPIE or USD++ for its underlying assets.
There is also a social exit option available for each token. Here's how it works:
You can choose to send YPIE or USD++ to a PieDAO owned multi-sig.
The multi-sig will collect, redeem and swap the YPIE/USD++ token.
PieDAO will then send you the equal value of YPIE/USD++ sent in ETH. A 2% fee will be applied for gas fees.
⚠️ Please note:
The YPIE token social exit started on February 24th and runs until March 27th. ETH will be distributed on March 28th.
The USD++ token social exit started on March 4th and runs until April 4th. ETH will be distributed on April 5th.
The value of each token will be established on the last day of their social exit, as the 3 day average of the NAV (Net Asset Value). example: The price for YPIE will be established on March 27th (End of Day).
Please send YPIE and USD++ to: 0x6458A23B020f489651f2777Bd849ddEd34DfCcd2
More Information:
YPIE
Forum Post: https://forum.piedao.org/t/pip-71-ypie-health-check/1249/8
Snapshot vote:
https://snapshot.org/#/piedao.eth/proposal/0x799b2973c45a3061c7f8beeefdba98b72351a20825f5ae5821a33ff9a73101ba
Product Refinement Initiative: https://forum.piedao.org/t/products-refinement-initiative/1229
USD++
Forum Post: https://forum.piedao.org/t/pip-72-usd-health-check/1262
Snapshot vote:
https://snapshot.org/#/piedao.eth/proposal/0xa8e4177b742199d2b9356f0e8b5b34713123a83ccac853a6eb6d62ea1a2c76d1
Product Refinement Initiative: https://forum.piedao.org/t/products-refinement-initiative/1229