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Plenty Network is winding down operations!
Before anything, we’d like to share an update on the Plenty frontend and outline our upcoming two-phased wind-down process.
The Plenty Bridge has officially shut down.
Over the past months, we extended deadlines to ensure everyone had enough time to complete transfers and resolve issues. With the bridge now sunset, no further bridging activity will be possible.
We want to thank all users who have been part of our journey and to remind everyone that Plenty Network is continuing it's wind-down process as outlined earlier. For any remaining questions or support, please reach out on our Discord.
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discord.gg/zjwpBtKBrX
The Plenty Bridge has been stable and running well these past days.
To ensure everyone wraps up safely, we’re postponing the final shutdown from August 7th to August 25th, giving users more time to bridge and resolve pending issues.
Reminder: The Plenty Bridge was set to shut down on July 31st, but due to a signer issue & Tezos–Ethereum blip, we’re giving users 1 extra week (until Aug 7) to finalize transfers.
Please do reach out on Discord if you need any help.
Hi Plenty fam, quick heads-up!
We recently had a hiccup on the bridge: the Tezos → Ethereum side had 1 of 3 signers down, which caused some transactions to get stuck.
But good news, it is fully resolved. The signer has synced, all are live and transactions are moving as expected again.
Ethereum → Tezos was unaffected and remains smooth.
We equally appreciate the community's patience while we sorted this out. 🙌
Important Update on Plenty Bridge
We’ll be shutting down the Ethereum ↔ Tezos bridge.
The bridge has been unstable and the infrastructure is deprecated. Maintaining or upgrading it no longer makes sense given current usage.
⏳ Users have the month of July to bridge assets from Tezos → Ethereum. Post-July, it will no longer be actively maintained.
If you have liquidity in Tezos pools with bridged assets, we recommend removing it soon.
→ bridge.plenty.network
Important Update on Plenty Bridge
We’ll be shutting down the Ethereum ↔ Tezos bridge.
The bridge has been unstable and the infrastructure is deprecated. Maintaining or upgrading it no longer makes sense given current usage.
⏳ Users have the month of July to bridge assets from Tezos → Ethereum. Post-July, it will no longer be actively maintained.
If you have liquidity in Tezos pools with bridged assets, we recommend removing it soon.
→ bridge.plenty.network
Update on Withdrawals
Existing users can now:
- Detach VeNFT from gauge
- Unlock veNFTs after maturity (once VeNFT is detached)
- Withdraw V2 LP positions after detaching
→ withdraw.plenty.network
2/6
Phase 1: Withdraw Liquidity
✅ Liquidity withdrawals are now available for both V2 & V3 pools.
If you provided liquidity, you can remove it here:
🔗 withdraw.plenty.network
5/6
- Acknowledging Our Early Users
We haven’t forgotten those who supported Plenty early on. At the right time, we’ll be rewarding Superlend Points to users who meaningfully contributed to the ecosystem.
Details to follow later on Discord
Congrats to our friends at @daobase_ai for a successful TGE on @BinanceWallet and also going live on @binance Alpha
🚨 $BEE is now LIVE on @Binance Alpha!
🐝 Start trading, buying, and staking to earn up to 1000% APR in staking rewards!
🔹 Trade now: binance.com/en/alpha/bsc/0xd…
🔹 Stake & earn: daobase.ai/airdropStake
#DAOBase #BEE #BinanceAlpha #DeFi #StakingRewards
Plenty Labs 🖖 retweeted
Yo buzzers — it’s official! 🐝
DAOBase TGE is coming 🔥
After years of building, we're finally here.
🚀 Join our exclusive TGE with @BinanceWallet
🗓️ June 18
🕗 8–10 UTC
Let’s bring all communities onchain together!
$BEE will launch on @base and @BNBCHAIN
#DAOBase #TGE #onchain #BEEfamily #Base
Note: We’ve already kicked off the indexer, but it may take some time to fully sync and reflect all data properly.
We’ll be open-sourcing everything to the community. More details on this will be shared once the frontend is back online, expected by May 22.
Important Update on Plenty DEX
We’re currently implementing a frontend fix that will enable users to withdraw their existing liquidity. This update is expected to go live on May 20th.
In addition, we want to share that @plenty_network will begin winding down operations. This decision follows a combination of high operating and management costs, alongside minimal trading activity on the L1. Given these challenges, we are no longer in a position to allocate the necessary human and financial resources to sustain the infrastructure.
We’ll share further details on the wind-down process with the community soon.
Important Update on Plenty DEX
We’re currently implementing a frontend fix that will enable users to withdraw their existing liquidity. This update is expected to go live on May 20th.
In addition, we want to share that @plenty_network will begin winding down operations. This decision follows a combination of high operating and management costs, alongside minimal trading activity on the L1. Given these challenges, we are no longer in a position to allocate the necessary human and financial resources to sustain the infrastructure.
We’ll share further details on the wind-down process with the community soon.
4/5
Important Deadline 🚨
From January 2025, the Polygon bridge will no longer be supported!
While we continue to maintain Plenty V2/V3 DEX, further development will be revisited when Tezos L1 activity significantly increases.
5/5
Next Steps
We deeply value your patience and support as we work through these changes. If you need assistance, please don’t hesitate to reach out to our team on Discord. We’re here to help!
Thank you for trusting us as we continue to improve and grow. 💜
discord.gg/plentynetwork
3/5
What does this mean for Polygon bridge users?
1️⃣ Swap Bridged Tokens: Bridged Polygon tokens can be swapped to Tezos tokens and used within the Plenty ecosystem.
2️⃣ Un-bridging Assets: If you wish to bridge your assets back to Polygon, please create a support ticket on the Plenty Discord server within the next 2 weeks.