CIAN Update: Vault Changes & Sonic Launch
Summary
The CIAN community announced significant changes affecting wsteth/ylsteth, rseth/ylrseth, and wBETH vault holders due to asset allocation issues with Boyco. CIAN is opening withdrawals for these vaults and launching a new Sonic Eco.Earn Vault this week, guaranteeing APYs will not be lower than Boyco's, with potential compensation if Sonic underperforms. Additionally, CIAN noted that wBETH assets have been returned and that Kelp (Kernel) point integration for the Bera Vault is still in progress w...
- Important Notice for wsteth/ylsteth, rseth/ylrseth, and wBETH Holders:
We sincerely apologize to the holders of wsteth/ylsteth, rseth/ylrseth, and wBETH Bera vaults. Due to miscommunication between Berachain with us and liquidity issues for ylstETH, rsETH, ylrsETH, and wBETH, these assets have not been allocated into Boyco.
- Withdrawals are now open, allowing you to withdraw your assets at any time.
- We will be launching the Sonic Eco.Earn Vault this week, and we guarantee that the APY will not be lower than Boyco's rewards. For users who choose to remain in CIAN, please transfer your assets to this vault
- The Sonic Eco.Earn Vault is expected to distribute rewards in June. When the rewards are distributed, we will compile and calculate user address information to provide compensation (if Sonic's APY is lower than Boyco's APY)
- Kernel (Kelp) Points Update:
The Kelp Team is actively working on integrating Kernel points for the CIAN Bera Vault. This integration will require a bit more time.
- Any points missed during this period will be distributed retroactively.
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wBETH Assets:
All wBETH assets have been returned to the depositor addresses.
We apologize for any inconvenience this may cause and appreciate your understanding and continued support. If you have any questions or need further assistance, please do not hesitate to contact our support team.
