What will happen and where are we at now.
We will list the steps to discontinue qETH and eQUEEN funds here. The checked ones are the ones that have been completed.
Close the creation function for qETH.
Remove the qETH-ETH Balancer pool CHESS emission voting option from the governance page.
Close all existing validator nodes. This will take about 5~10 days to complete.
Upgrade the current smart contract for instant withdrawal support once all ETHs in the validator nodes are redeemed. The upgrade will take 1~2 weeks.
We will keep the qETH redemption page up for approximately 3~4 months, with the exact duration depending on the progress of ETH redemptions. (In progress)
Remove the redemption fee.
Remove the merge fee.
Remove the CHESS emission voting option for “ETH on BNB Chain” from the governance page.
A three-month window: for eBISHOP and eROOK holders to swap back to QUEEN and redeem. During this window, any and all rebalances will be processed as usual. (In progress)
After the 3-month window, change the interest rate to 0 and the t-wap oracle to a constant. This will stop the fair values of eBISHOP and eROOK from changing, preventing future rebalances.
Close the creation function for eQUEEN.
Remove the CHESS emission voting option for the eBISHOP-USDC pool from the governance page.
We will to keep the eQUEEN redemption page up for approximately 3~4 months. The exact duration depends on the progress of ETH redemptions.
Last updated 11 months ago
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