SPOOL Migration to YLAY

As you may have heard, we’ll be launching a new ecosystem token in the coming weeks that we’re super excited to share with the community.

First change to note is our current token, $SPOOL, will be decommissioned and replaced with our new Yelay ecosystem token, $YLAY. While the infrastructure application has evolved significantly over the years, the $SPOOL token functionality hasn’t kept up with this change. Therefore, we’ve redesigned the $YLAY token to reflect the evolution of the protocol’s business model, embedding within it new utilities for builders, holders, and node operators.

The token swap will be conducted at a ratio of 1 SPOOL: 7.14285714 YLAY.

SPOOL contract address

• https://etherscan.io/token/0x40803cEA2b2A32BdA1bE61d3604af6a814E70976

YLAY contract address

• https://etherscan.io/token/0xaee5913ffd19dbca4fd1ef6f3925ed0414407d37

Announcement from the project team

• https://yieldlayer.medium.com/spool-to-ylay-token-swap-what-you-need-to-know-45355b5f0ab8