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RE: Daily Crypto Markets Live Blog: Cubfinance V2 Day #3 (09/22/21)

in LeoFinance3 years ago (edited)

Here is another edition of @leomarkettalk.

We are on Day 3 of the Cubfinance upgrade to V2. The conversion can now take place and the window is open for a couple days. Be sure to unstake and unpool any of your tokens that are in the pools in the farms. I believe there were 4 that were impacted.

Added by @forexbrokr, perhaps words to heed:

forexbrokr.png

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I think while you technically can make the switch to V2 now, you should still wait.

I don't 100% understand whats going on and its REALLY unclear...

But I see people complaining in Discord about price slippage and everyone there is saying wait.

Consider editing this post @taskmaster4450le so people don't get caught out?

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So it's live? I keep waiting for an announcement and haven't seen anything. I thought they'd let us know when the clock ticked past the 24hrs timelock and we could start migrating?

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Where is this clock I keep hearing about?

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It's the timelock on the smart contract that has to be triggered before any changes can be made. It's there to protect people. If someone tries to change the code they have to wait 24 hrs before anything can be done. This allows the community (or devs) to ascertain whether whoever doing it has a good reason for doing so.

If, for example, someone outside LeoFinance tried to hack in and triggered the 24 clock, Khal and Co. would immediately know and could act to protect everyone. At least that's how I understand it.

Since they're the ones doing it, they informed us and now we all wait for the 24 hrs clock to run out so the migration can be done.

Pretty sure that 24 hrs is up by now but I'm still waiting for the posts they said would accompany the window for us to move things...

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I think it was delayed but I'm not too sure either

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Has this been clarified? I guess the delays are real.

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Well according to the post yesterday, I think the window will be open for a bit longer but it does seem like things might be a bit annoying. I will wait till tomorrow to see what happens.

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Also the 4 pools affected are: CUB/BUSD, CUB/BNB, BNB/BLEO and DEC/BUSD if I remember correctly.

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