Re-build after ValueDeFi attack, part 1

As you may know by now from following our Telegram group, the first step to re-build our protocol after the attack on ValueDefi is to find a new place for our liquidity pools and farms.

We are going to move our liquidity to PancakeSwap from ValueDefi, this means your current LP tokens, that you’ve been farming on ValueDefi’s website, will no longer be accepted with our new farms but you will have to unstake your LP tokens, remove your liquidity from ValueDefi and add your liquidity to PancakeSwap and create a new LP token there.

Our farms with ValueDefi will be canceled and we are going to have our farms on our own brand new website, with a new design and interface.

The new farms on our new website will start paying rewards starting with this block: https://bscscan.com/block/countdown/7270930 which means, we will have our liquidity pools and farms re-built in less than 21 hours, counting from now.

The old vFarms on ValueDefi’s website, will stop paying rewards starting with this block: https://bscscan.com/block/countdown/7269930 which is approximately in 20 hours, counting from now.

The STEEL locked rewards with vFarm will not be lost, you will be able to claim them as usual and you don’t need to keep farming in vFarm to be able to keep claiming them. However, if you’ve been farming STEEL in vSafe and you leave your vSafe farming pool, then you will no longer receive the locked rewards from that farming pool.

We are going to have the following new farming pools:

Farming STEEL (0.9 STEEL per block in total):

• STEEL — BNB: 0.2 STEEL reward per block

• STEEL — IRON: 0.2 STEEL reward per block

• IRON — BUSD: 0.5 STEEL reward per block

The emission rates of the STEEL farms will be gradually adjusted to align them with the vesting period of the previous vFarm pools.

Farming DND (0.00025 DND per block in total):

• DND — BNB: 0.0001 DND reward per block

• dETH — ETH: 0.00005 DND reward per block

• dBNB — BNB: 0.00005 DND reward per block

• dBTC — BTCB: 0.00005 DND reward per block

Thank you for your patience and we are sorry for the inconvenience!

partial-collateralized stablecoin on bsc and polygon — https://iron.finance/

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