Process on the V1 Mining Rate Adjustment

Based on suggestions from community users, we adjusted the mining rate of each token in the V1 Crypto pool a few days ago. AVAX, WETH.e, WBTC.e, LINK.e, and USDT.e, all these tokens currently have the same APR reward.

Below is a comparison of mining rates before and after the adjustment. The adjusted reward allocation is calculated by multiplying the mining rate by the weighted average of the deposit value of each token.

And here are the transaction hashes for the mining rate adjustment. You can verify this on the Avalanche c-chain explorer: https://snowtrace.io/

0x81d1bbd1a6f1a5c349c813e69d9b0186506e76a6a995b3f41b56e756a0fdfbc1

0x6d40576a7e1effe580d12f79bd2369b1952571bbee9ffac1bceb43080c9f0265

0x7cb124d768cc74d98e208a45462a771f52172c42d6e4b96778ccafed81362661

0x4ad2758552f9f4f4514a365926627945cbe708b65fef96f2455175236edcbe49

0xfb035b70b80b6ec1e53aecd984661b52154e8168e4a27948c09d454694993463

The total amount of VEE rewards in the V1 Crypto pool has not changed.

In addition, we are using various methods to raise the TVL on V2 to a higher level. So far, it has been effective. Vee.Finance IDO on Cobak will start on November 10th and is currently in the whitelisting phase. Listing on centralized exchanges will also be announced soon. More importantly, there will be more good news to be announced later. We really appreciate the community’s support.

Finally, we are still actively cooperating with the law enforcement department and trying to recover the stolen funds. We hope to repay the v1 depositors in a faster way and we will keep the community updated with the latest progress.

Thank you all for your support!