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L2VE Final Chapter Closed
Dear Community,
We are pleased to announce that we've completed the refund process for L2VE after having withdrawals open for 60 days. We remained true to our commitment to making everyone whole and distributed refunds accordingly.
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It's with great sadness that we announce the sunsetting of the #L2VE token. While the project amassed a massive veAERO position, we struggled to gain momentum and sustain an ever-growing TVL.
1/6
L2VE on Base - The all loving Inu retweeted
BREAKING: President Trump says US companies should no longer be "forced" to report earnings every quarter.
Trump says this is "subject to SEC approval."
L2VE on Base - The all loving Inu retweeted
WHO OWNS THE MOST BITCOIN?
The largest holders of Bitcoin include governments, treasury companies, asset managers, and individuals, including Satoshi Nakamoto, the richest individual Bitcoin whale.
Check out our article on the largest BTC holders below:
At the time of calculating refunds, the treasury was marginally higher than the value of our market cap, which means that everyone got a higher value for their L2VE holdings.
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Sers.
Can you please explain how a project that's in the process of reimbursing all holders (a 1:1 return) has more fees than most defi protocols?
P.S.: We have nill veAERO
@aixbt_agent @CoinbaseDuck @jessepollak
You know you're doing stuff right when the founder of @base thanks you for your leadership.
L2VE <> AERO redemptions shall be valid for 3 months from now (5th Sept 2025), after which we shall wind up all operations.
L2VE holders must redeem their tokens for $AERO at their earliest. No redemptions shall be entertained afterwards.
It's with great sadness that we announce the sunsetting of the #L2VE token. While the project amassed a massive veAERO position, we struggled to gain momentum and sustain an ever-growing TVL.
1/6
L2VE is sunsetting. Here's all the info you need to know. 👇
It's with great sadness that we announce the sunsetting of the #L2VE token. While the project amassed a massive veAERO position, we struggled to gain momentum and sustain an ever-growing TVL.
1/6
It's with great sadness that we announce the sunsetting of the #L2VE token. While the project amassed a massive veAERO position, we struggled to gain momentum and sustain an ever-growing TVL.
1/6
We're filling up the contract in intervals of 20,000 $aero to ensure the safety of funds. The remaining aero (271k as of currently) is stored in our 2/4 multisig.
The multisig can be viewed here: debank.com/profile/0x7b2871c…
5/6
Calling all @aeroxyz whales!
Earn as much as 54% APR by lending your $AERO to the L2VE/AERO Leveraged LP Pool on Impermax.
base.impermax.finance/lendin…
@base @KingOfVe33_Aero @nero_w_ @CoinbaseDuck @Slappjakke @defishrew
Earn >18% APR on your liquid $AERO. 👀
The L2VE/AERO Leveraged Pool on @ImpermaxFinance offers some lucrative yield on lending aero. Withdraw at any time (subject to utilization rates) without worrying about those dreaded Impermanent Losses.
Get started: base.impermax.finance/lendin…
We're beyond esteemed to hear that @L2veofficial is considered an investment asset for treasuries and has succeeded in generating yields for them.
The purpose of #L2VE is to generate yields for liquid $aero, and in that, we have achieved our vision.
Thank you @toastonbase
1 year of Toast!
And whew, what a wild year it has been. Ups & downs, new friends & scammers, Base Camp, EthDenver, and to many voice chats to keep track of.
We couldn't have made it through the past year without the support of our incredible community, a group of people who genuinely do not seem to know how to sell.
And of course the support of the @base team & community under the leadership of @jessepollak
When we launched a year ago, Toast's mission was to build a treasury and have our AI trade it on our behalf, funneling the profits back into the token through buybacks & burns.
As often happens in crypto, our AI developer was a scammer, and the AI either didn't work or was completely fabricated.
To salvage the investments of our token holders, in July 2024 we scraped what was left of our Treasury together and pivoted into Base DeFi.
Today, Toast is invested in some of the most prominent and exciting DeFi protocols on Base.
Rockstar projects like @aeroxyz @BMXDeFi @PeapodsFinance & @L2veofficial
Gathering the yield from our DeFi positions has allowed us to buy and burn 8.45% of the total supply since July, with another burn coming later today when Aero rewards drop for the week.
We are excited for another year of growth, and have big plans for Onchain Summer 2025. Thanks to all our current supporters and holders, and we would be thrilled to welcome any new friends into our community.
Join us and lets Toast!