Once your digital assets have been successfully transferred to your Yield App account, it's important to take note of several significant updates regarding YLD and H1 integration.
YLD tokens will now exist independently of H1, departing from the previous practice of swapping YLD to H1. Additionally, Haven1's development will be pursued as a separate project with its dedicated team, aiming to establish Haven1 as an independent project.
Starting January 1, 2024, YLD rewards will cease, and staked YLD tokens will begin accruing locked H1 token rewards, signifying a major transition in the ecosystem. To support Haven1's incubation, the Haven1 foundation has granted Yield App 300 million H1 tokens to be distributed over five years to YLD stakers and platform users.
Furthermore, a 30-day redemption period will be instituted for YLD holders who wish to unstake their tokens, offering flexibility amidst the evolving ecosystem.
These developments represent a strategic realignment within the Yield App ecosystem, emphasizing the independence of YLD and fostering the growth of Haven1 as a project. Stay updated with the latest announcements and developments from Yield App as we navigate through these changes together.