According to the YAM team, the YAM community passed a proposal to remove the rebasing mechanism in YAM (YAMV3) and end the migration from YAM V2 to YAMV3. The deadline of migration from YAMV2 to YAMV3 is set on 2/15/2021 00:00 UTC.
Gate.io will migrate all the YAMV2 to YAMV3 for our users on February 10 4:00 AM UTC. If your YAMV2 tokens are already on Gate.io, you do not need to do anything in particular. If you want to have your YAMV2 migrated to YAMV3 effortlessly on Gate.io, please deposit your YAMV2 to Gate.io before our migration time.
Deposit YAMv2:
https://www.gate.io/myaccount/deposit/YAMV2
Trade YAMV2:
https://www.gate.io/trade/YAMV2_USDT
Please note: When migrating YAMV2 to YAM(V3), Gate.io will cancel any open orders in the YAMV2 market. If you accidentally deposit YAMV2 to Gate.io after our Feb 10 migration, you may withdraw the YAMV2 to your personal wallet and migrate on the YAM’s migration portal.
Learn more about the migration:
Force YAMv2 Mitigation to YAMv3 to Keep Community Consensus United
https://snapshot.page/#/yam/proposal/QmPby1iphTZ4D181pDFfb3hFLptmaAxD7Eu3LhoRxbCWTS
Deadline of the Migration:
https://twitter.com/YamFinance/status/1350174755555602435
Remove Rebase Mechanism:
https://snapshot.page/#/yam/proposal/QmWiqtGM5giFzRLF2HF5q21gpDTLjEWmEUUXiLJJUouZB4
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Gate.io Team
February 4, 2021
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