PrivacySwap Weekly Announcement is UP!

PrivacySwap Weekly Announcement is UP!

TL;DR

Boring stuff aside. Now we get to what is going to happen next.

Within the next 48 hours,

  • We will be turning the emission rates for ALL MasterChefs to close to 0, and we will be decommissioning PRV2 and PRVG very soon.
  • We will be collating the PRV2 sales taxes and distributing them to all PRVG locked pool stakers based on the snapshot we took earlier.
  • We will be calculating and preparing the airdrops of PRVG for EVERYONE. If you have PRV2 pending rewards, we WILL be calculating the amount of PRVG to distribute based on the CURRENT value of PRV2. For example, if we owe you 1 PRV2, we will airdrop you 0.031265 PRVG. This rate is the CURRENT rate as of 10 March 2022 1000hrs. The amount of PRVG to be airdropped will be fixed at the time of the airdrop. We will announce the rate and an accompanying screenshot of what the rate is via the “Trade -> Exchange” page.

What USERS need to do.

  • EVERYONE. With the snapshots, you are now free to withdraw ALL your stakes from ALL farms and pools. We have records of EVERY deposit, withdrawal, and pending rewards until today. This INCLUDES the PRVG earning PRV2 pool.
  • SOME of you WILL encounter errors when trying to withdraw. MetaMask will EITHER give you an error message saying “Transaction likely to fail” or you will notice an unreasonably high transaction fee. IF this is the case, DO NOT PANIC. if you encounter ANY error on ANY transaction, DO NOT CONFIRM. Instead, please kindly PM PRVAdmin with your address and which pool this error shows up in. He will be busy, but he will be looking at these PMs in the next few days in order to solve these issues and assist in the migration.

After 48 hours have passed, which is 12 March 1000hrs, we will be;

  • Putting out a Spreadsheet of ALL users who have WITHDRAWN from the PRVG locked pool that earns PRV2. These users are special as they obtained PRV2 in place of their PRVG capital. So these users need to send back the equivalent of PRV2 they received, and we will send them the PRVG capital + PRVG for their rewards;
  • We will deploy the swap pages for PRV2 and PRVG swap to Pre-PYDEX. You may then choose to go with the price pegged vested over 6 months route or the dollar to dollar swap at that point. The price peg rate and dollar-to-dollar rate will be announced before deployment. Users will then be able to start swapping over a period of 4 days. After 4 days, the swap for PRV2 and PRVG WILL CLOSE. So take note of this, and;
  • Take another snapshot after 48 hours, and then calculate and Airdropping ALL PRVG to any and everyone who are owed PRV2 pending rewards. PRVG earning pools should be facing NO PROBLEMS.

Furthermore

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