wBTC & wETH Delisting Plan - Preparing for the listing of the new cross-chain versions

Delisting plans
1

In preparation for the upcoming listing of the new cross-chain wBTC and wETH New listing: Cross-chain WBTC and WETH - Algorand app, the old legacy assets will be delisted from the lending market, following the schedule below.

We advise users to:

  • Repay old wBTC and wETH loans
  • Remove from collateral positions old wBTC and wETH

Implementation Schedule

15 April 30 April 7 May 14 May 21 May 28 May
T0 T1 T2 T3 T4 T5
WBTC
Collateral Factor
General Mode 70.00% 65.00% 60.00% 40.00% 15.00% 0.00%
Ultraswap_Up 90.00% 0.00%
Borrow Factor
General Mode 100.00% 110.00% 115.00% 145.00% 240.00% 655.00%
Ultraswap_Down 111.11% 655.00%
WETH
Collateral Factor
General Mode 70.00% 60.00% 50.00% 30.00% 15.00% 0.00%
Ultraswap_Up 90.00% 0.00%
Borrow Factor
General Mode 100.00% 110.00% 125.00% 160.00% 300.00% 655.00%
Ultraswap_Down 111.11% 655.00%
2

way too fast implementation schedule.

Roope

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3

The schedule has been updated

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4

Scheduled updated, what’s changed:

  • 1st step in two weeks
  • the firsts steps have been made more gradual
  • a new step was added
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5

How does one exchange the old WBTC/WETH for new WBTC/WETH? Why didn’t Wormhole mange this in a way that didn’t involve a new ASA? I swapped out of goBTC/goETH only to get screwed over by a delisting fml.

6

The cheapest way should be through their old legacy portal Portal Token Bridge. Once you redeemed them, you can use https://xportal.folks.finance/ for the NTT compatible versions

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7

Any estimate when wAVAX, wLINK and wSOL will also be implemented? Good to migrate all old wormhole tokens asap.

Regards,

ROAM

8

Not yet, but we’ll share an announcement in case

1 Like