On the 17 Aug at 11.29PM SGT, we began receiving KyberSwap person suggestions concerning our Elastic Farms.
We have now recognized a difficulty with our ElasticLM contract that stops just a few customers from harvesting their rewards. All funds are secure.
You’re an affected person when you can’t unstake your liquidity place, which is an NFT. Affected customers can even see an announcement when visiting the Farms tab.
In case you are not an affected person, no motion is required. The farms are operating and liquidity mining rewards are being distributed as regular.
For affected customers, please discover the problem evaluation, affect evaluation, compensation plan and person plan detailed under.
The difficulty lies within the reward calculation operate of the good contract of the farms. Whereas the excellent news is that each one person funds are secure, the liquidity mining rewards of some affected customers can’t be harvested and claimed the conventional manner.
To resolve this, we’re fixing the good contract; after which affected customers can migrate their liquidity positions (NFTs) from current farms to new farms. We are going to launch an replace on this quickly.
Within the meantime, as affected customers can’t unstake, and thereafter, withdraw their NFTs the conventional manner; we’re offering a Pressured Withdraw operate on KyberSwap. By this, affected customers will be capable to withdraw their NFTs. To make sure that affected customers’ obtain the farming rewards they’re due, we are going to manually switch the rewards on to their wallets.
Impression on CapitalThere isn’t any fund loss for liquidity suppliers. Your funds are SAFU.Liquidity Pool FeesLPs will proceed incomes charges from their liquidity positions within the swimming pools as regular.Farming RewardsAffected NFTs will likely be entitled to their farming rewards, which we are going to switch on to the homeowners’ wallets after the farms finish.Variety of Positions AffectedThere are a complete of 220 NFTs on Polygon and 58 on Avalanche. Presently, there are solely 5 positions which can be affected.Person experienceNot all customers are affected. As acknowledged above, you’ll know when you’re affected when you see an announcement whenever you go to the Farms tab.
For all customers — you’ll obtain all rewards for which you’re eligible based mostly in your farming exercise. The method of receiving your rewards is printed within the Person Plan under.
Person Plan
Here’s a timeline of the technical fixes being performed.
A Elastic Farm Help Discord channel (#elastic-farm-support on the Kyber Community Official Discord Server) has been created, and all person points needs to be raised straight there.Power Withdraw performance for affected customers will likely be accessible by 10pm SGT, 18 August 2022.Full repair for Elastic LM — will likely be introduced at a later date.Reimbursement of all affected customers’ rewards after the farms finish. *fifteenth September 21:59 GMT+8 for stMATIC swimming pools on Polygon**12 October 21:59 GMT+8 for sAVAX/YETI swimming pools on Avalanche
What are my Choices now?
Choice 1a. You’ll be able to ‘Power Withdraw’ your funds anytime from now.b. We are going to switch your farming rewards on to your pockets after the Part 1 of farms finish. You will get in contact with us by way of Discord*stMATIC farms will finish on September fifteenth at 21:59 GMT+8.**sAVAX/YETI farms finish on October twelfth at 21:59 GMT+8.c. You’ll be able to re-stake your liquidity positions within the new farms as soon as they’re reside to proceed incomes rewards.
Choice 2a. Proceed to take part within the farm until it expires and proceed to earn rewards.b. You’ll have to ‘Power Withdraw’ your funds as soon as the farm expires.c. Then we are going to switch your farming rewards on to your pockets after the farms finish. You will get in contact with us by way of Discord.
*For those who imagine your liquidity positions have been affected however you don’t see a warning on KyberSwap, you may get in contact with us by way of Discord.
Are my funds secure?Sure.How do I do know if I’m affected?You’ll know in case you are an affected person when you see a warning “Vital Announcement” on the Farms web page.For those who assume you have got been affected however you possibly can’t see the warning “Vital Announcement” on the Farms web page, be part of our “Elastic-farm-support” channel so we offer you the assist you want.Will I get my farming rewards?Affected customers: Sure, we are going to switch your farming rewards on to your pockets after the farms finish. You will get in contact with us by way of Discord.Non-Affected customers: Sure, LPs are incomes charges on their liquidity positions as regular.What number of positions are affected?We have now taken a snapshot, and to this point solely a NFT with an preliminary worth as detrimental will likely be affected, we’ve 220 NFTs on Polygon and 58 on avalanche. Presently, solely 5 positions have been affected.What do I must do now?Please observe the Person Plan above in case you are an affected person.If I don’t withdraw, are my rewards affected after the problem mounted?If you don’t withdraw, your place will likely be mechanically unstaked on the finish of the farm. Proceed to affix our Discord channel to get the rewards manually distributed to your pockets after.The place can I get assist?In case you have questions, please be part of and message admins within the Discord group to get assist.
