Earn Rate Announcement. We have accepted and finalized those who applied for the earn rate compensation program.
14 Dec 2021, 03:42
✨Earn Rate Announcement
🌈 We have accepted and finalized those who applied for the earn rate compensation program.
The next step is to process and accurately calculate the new earn ratio, quite complex, this process will take time. We will make sure accurate amount is processed for all users.
⚡️We will quickly process this as efficiently and will update all users effected.
✨Unlock Announcement
🌈 We thank you for your patience. Unlocking of staked BYN as well as staking rewards will now be available on the Beyond platform. We would like to first thank you for participating and supporting our platform.
For those needing a reminder, read here:
⭐️Gitbook link:https://beyond-finance.gitbook.io/beyond-finance/litepaper/how-beyond-synthetics-work
Below are some important notes on the unlock policy:
1️⃣ Staking reward is subject to 12-months retention period, however we have decided to allow early redemption due to users' request to have full discretion on reward tokens. If a user unlocks before the retention period ends, reward tokens will be distributed in proporationate to the holding period.
2️⃣ For the users who do not participate in the extended staking program, unstaked tokens can be transferred to external wallets upon request. Withdrawal-period applies.
3️⃣ Given the numerous hacking attempts or exploits in many projects in the space, whilst changes are being reflected, we are taking extra care to make sure there is no security issue during unlock period. Also, we are closely monitoring each process to prevent the platform from any malfunction.
Same news in other sources
114 Dec 2021, 04:39
Beyondfi telegram news 14 December 2021 04:39