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Alvin Hsia
@alvinhsia
product @phantom. prev founder @ventuals (acq) @paradigm @airbnb
参加 April 2011
1.7K フォロー中    8.2K ファン
PSA on vHYPE when the withdrawal queue is processed tomorrow, the vHYPE staking vault will reach the 500k minimum HYPE required to operate an HIP-3 deployment this means that further withdrawals are paused until the stake goes back above the 500k HYPE minimum the withdrawal pause is by design to avoid trader disruption on the markets on Ventuals that are already live, and was acknowledged by those who deposited into vHYPE via our UI (two explicit confirmation steps) and in our docs as a reminder, the HYPE you deposit into vHYPE is always owned by you through audited smart contracts, and you earn native staking yield + Ventuals points with multipliers however — we know this isn’t ideal for those who need immediate liquidity on their HYPE so we are taking 2 steps to address this: 1. we are working with private LPs to increase the HYPE stake. more details to be shared on this later 2. in the meantime, there are secondary pools where you can swap vHYPE and HYPE instantly, where users are already arbing price discounts starting this week, Ventuals and our partners will provide a backstop at a 0.85:1 vHYPE to HYPE ratio, through the main secondary liquidity pools, effectively acting as a price floor this means if you need immediate liquidity, you will be guaranteed to be able to exit vHYPE at a max 15% discount as the first community-owned HIP-3 stake, we expected some potential bumps in the road. thank you to all of our depositors and traders, and we promise that we’re working hard to resolve things fairly for everyone involved
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