We are thrilled to announce the release of veDelegate v2, a major upgrade designed to bring enhanced functionality and improved user experience to our staking and delegation platform. This update marks a significant milestone as we migrate from testnet to mainnet, offering our users increased stability and security!
The transition to mainnet represents a leap forward for the VeBetterDAO and therewith veDelegate, we’ve worked hard to ensure a seamless migration for all our users. This article will describe the important dates to look out for and how the migration will look like. As you have come to know and love about veDelegate, we will be making sure the migration for our users will be completed without the requirement for manual action on your side, this way you’re guaranteed to be earning voting rewards from the first mainnet round onwards!
Our team is committed to making this transition as smooth as possible, providing comprehensive support and detailed instructions throughout the migration.
We’ll walk you through the most important dates in anticipation below:
June 16
Final round on testnet ends
June 17— June 19
Final window to stake extra or unstake any VOT3 or B3TR tokens delegated to veDelegate till mainnet launch.
June 20
The veDelegate dApp will pause all deposits and withdrawals in anticipation of the snapshot. All tokens will be safe and records will be kept of the balance (including rewards) of all veDelegate users on testnet.
June 23
VeBetterDAO will snapshot the VOT3 and B3TR balance of all wallets on snapshot. veDelegate will ensure this also happens for all tokens delegated to our protocol.
June 23 — June 28
The veBetterDAO will be paused in anticipation for mainnet. In the meantime, veDelegate will be preparing our improved staking mechanisms to make sure our users receive the voting rewards they deserve. A more technical article about these changes will be released soon.
June 28
The VeBetterDAO tokens will be live on mainnet! This means veDelegate will have received the balance of B3TR and VOT3 delegated to us on testnet.
June 29
All B3TR and VOT3 tokens delegated to veDelegate will be visible on our webpage again. Since VeBetterDAO will change all VOT3 and B3TR tokens on testnet to B3TR tokens on mainnet, you will no longer see any VOT3 balance, these tokens will be swapped to B3TR tokens.
July 1
A big day for the VeBetterDAO ecosystem, the first round of mainnet voting! As was the case on testnet, veDelegate will ensure your tokens are voted with, since this is the first round on mainnet, expect the biggest rewards we’ve seen to date!
We invite you to join us in this exciting new phase for veDelegate, where enhanced features and mainnet reliability come together to offer unparalleled opportunities for governance participation and reward maximization. Stay tuned for more updates and detailed guides on how to make the most of veDelegate v2.