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LQDR redemptions are here.
LQDR holders can now redeem on our site to receive a veTHE AND veRAM allocation.
1 LQDR = 0.3582584695 veTHE + 0.6709292413 veRAM
abacus.tech/redeem
Read further to understand how to bridge your LQDR to redeem 👇
qLQDR lockers are expected to withdraw.
If you have an active lock, then let it expire and then withdraw to redeem. DO NOT RELOCK.
qLQDR is permanently sunset.
👇
👉Abacus stable LP redemptions are now available
Eligible LP holders are based on being part of the original snapshot and only for Stable LPs.
Available LPs for redemption:
abcPHAR/PHAR
abcRAM/RAM
liveTHE/THE
abcLYNX/LYNX
Join and open a ticket: discord.com/invite/tFHQBXk2X…
👉abcLYNX redemptions are now available.
Abacus redemption rollouts continue with abcLYNX
abacus.tech/VeClaim/abcLYNX
Claiming is simple:
* Connect your wallet
* Claim your veLYNX
Staked and liquid abcLYNX are redeemable.
Visit our discord for help if you need it!
👉 liveTHE redemptions are now available.
abacus.tech/VeClaim/liveTHE
Claiming is simple:
➡️Connect your wallet
➡️Claim your veTHE
Staked and liquid liveTHE are redeemable.
As mentioned previously, LPs will be handled on a case-by-case basis after redemptions are completed.
Read our medium post about how we discovered a day 1 adversarial actor and how we dealt with it.
medium.com/@theennead.farm/a…
We would like to thank the team at @_SEAL_Org for their ongoing work protecting the community and the Kingdom chads for helping us recover. @keccakdog
👉abcRAM redemptions are now available.
Abacus redemption rollouts continue with abcRAM
abacus.tech/VeClaim/abcRAM
Claiming is simple:
* Connect your wallet
* Claim your veRAM
Staked and liquid abcRAM are redeemable.
Join our Discord for further information.
🗒️abcPHAR redemption gate is now online
The long-awaited redemption gate for abcPHAR is now online.
abacus.tech/VeClaim/abcPHAR
This is the beginning of our redemption rollout.
Claiming is simple:
* Connect your wallet
* Claim your vePHAR
👉Stage 1: staked abcPHAR
First redemptions are open for those users who were staked in the autocompounding vault or held liquid abcPHAR.
Stage 1: Staked/liquid abcPHAR
Stage 2: abcPHAR/PHAR LP participant
More redemptions will most likely open by next epoch.
As noted, LPs will be handled by a case-by-case basis as we move through the stages.
Thank you for your attention to this matter!!
abacus retweeted
🚨Abacus shutting down 🚨
• No bad debt
• 1:1 redeem confirmed
• Do NOT markey buy wrappers
• liveTHE alternative: eTHENA
I'll break it down 👇
1/12🧵
🚨 Abacus has uncovered a critical security vulnerability involving a malicious actor with owner privileges.
What does this mean?
* Abacus will be shutting down permanently.
* Rewards will not flow to vaults or qLQDR or be bought back
* We will provide a redemption UI entrypoint (ie: gate) to ensure tokens can be redeemed.
* All rewards from last epoch aimed for wrappers/qLQDR will be distributed proportionally.
Important: Abacus is closing 📷,
After this incident, Abacus will permanently shut down. There is no coming back from long-term infiltration unfortunately.
* Conversions disabled forever
* Only redemptions through snapshot gate will function
😢This is the end of our journey. Thank you for everything over the last few years. We'll be posting a more in-depth medium article in the coming weeks.
If you require further support please join us on our discord
discord.com/invite/tFHQBXk2X…
We'll be here to help you every step of the way.
Until then 🫡