OpenLeverage(OLE) Token Swap

We are excited to announce the launch of OLE Token V2 and the integration of the Layerzero OFT Bridge, marking a significant milestone in our journey towards an efficient DeFi ecosystem with an omni-chain strategy. This update comes as a direct response to the change in the industrial landscape and the evolving needs of our community.

The Vision Behind OLE Token V2

OLE Token V2 represents our commitment to innovation and adaptability in the ever-evolving world of decentralized finance. The integration of the Layerzero OFT Bridge as a multichain bridge replacement is a strategic move towards enhanced interoperability and scalability.

Key Changes:

1. Multichain Bridge Replacement with Layerzero OFT: By leveraging the Layerzero OFT bridge, OLE Token V2 sets a new standard for cross-chain interactions, allowing for smoother and more secure transactions across multiple blockchain networks.
2. Migrating BUSD and USDC.e to USDC: In line with the community's decision here, we are sunsetting BUSD and USDC.e and migrating the liquidity to OLEv2/USDC. This change reflects our dedication to staying aligned with the community's preferences and market trends.
3. Seamless v1 to v2 Migration: The migration process from OLE Token V1 to V2 has been meticulously developed over several months to ensure a smooth transition for all users. While some manual steps are required, our core contributors have automated much of the process to minimize user effort and maximize efficiency.

Migrating from OLE Token V1 to V2

Every V1 token can be exchanged for a V2 token on a 1:1 basis, and there is no tokenomics change on allocations or emissions along with migration.

We have developed an intuitive Migration Wizard to assist users throughout this process. This tool simplifies the migration, allowing it to be completed in minutes.

• For BNB Chain users: bnb.openleverage.finance/app/convert
• For Arbitrum users: arbitrum.openleverage.finance/app/convert
• For Ethereum users: eth.openleverage.finance/app/convert

Migration Timeline

• Start Time: Tue, 5 Dec 2023 @10am UTC
• End Date: Mon, 4 Mar 2024 @10am UTC
• Migration Period: 90 days
• Old contract address: https://etherscan.io/token/0x92CfbEC26C206C90aeE3b7C66A9AE673754FaB7e,
  https://bscscan.com/token/0xa865197a84e780957422237b5d152772654341f3
• New contract address: https://etherscan.io/token/0x1B6e9c73beE68102d9dd4A2627f97bFf4183ab0A, https://bscscan.com/token/0xB7E2713CF55cf4b469B5a8421Ae6Fc0ED18F1467, https://arbiscan.io/token/0x7Be5Dd337CC6cE3e474F64E2A92A566445290864

Post-Migration

• End of V1 Support: After Mon, 4 Mar 2024 @10am UTC, V1 tokens will not be supported or converted to V2, and no liquidity will be available.
• Centralized Exchange Policies: It is anticipated that centralized exchanges (CEX) will stop accepting deposits and withdrawals of V1 tokens after migration. We are working with CEXs to ensure the transition is smooth, but please ensure you understand the latest policy and procedure of the CEX before depositing and withdrawing OLE tokens.

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