Hey, Midas Community!
Following the release of two new CeDeFi strategies —
1.5x Long on ETH and
0.5x Short on ETH — we've replaced the
Soft Long on ETH and
Soft Short on ETH CeDeFi strategies first released in August 2022.
The tokens representing the prior strategies, including $SLETH and $SSETH, have now been swapped to new strategy tokens — $LETH and $SETH, respectively. Given incorrect price calculations of the Soft Short on ETH strategy, we've refunded holders of $SSETH tokens.
Check out a few stats surrounding the refunds and swaps:
Total amount refunded to users who swapped to/out $SSETH since the release of the Soft Short on ETH strategy: $36,542
Total amount refunded to users who held $SSETH at the time of swap: $7,183
Total amount of swapped $SSETH to $SETH (1 : 0.94571 ratio): 102,614 $SSETH
Total amount of swapped $SLETH to $LETH (1 : 0.74965 ratio): 1,391,757 $SLETH
Users who have remained invested in the Soft Long on ETH and Soft Short on ETH strategies may now check their balance(s) within the share cards of the new CeDeFi strategies.
You can learn more about the new CeDeFi strategies in our blog article https://blog.midas.investments/the-launch-of-two-new-cedefi-investment-strategies/
