For anyone looking for instructions on what to do with their $BIFI positions:.
10 Jul 2023, 21:45
For anyone looking for instructions on what to do with their $BIFI positions:
* if you hold plain unstaked $BIFI tokens on any chain => Nothing to do, wait for snapshot and distribution;
* if you have funds in a $BIFI liquidity pool or vault (e.g. BIFI-ETH LP), whether on Beefy or on any of our partner DEXs => Break the LP to avoid risk of impermanent loss;
* if you have staked $BIFI tokens in a BIFI Maxi vault => Earnings for these vaults will stop as liquidity is removed, so move to Earnings Pool to keep earning on your $BIFI;
* if you have staked $BIFI tokens in a BIFI Earnings Pool => Nothing to do, wait for snapshot and distribution;
* if you have other assets on Beefy that are unconnected with $BIFI => Happy compounding, nothing for you to do; and
* if you hold $BIFI custodied on platforms/centralised exchanges (e.g. Binance) => Nothing to do, we are working with platforms to ensure seamless distribution to users.