ZKSwap to Shut Down V1 Mainnet And Migrate Assets to V2
- ZKSwap V1 will shut down to make room for the faster and better V2.
- The 30-day process will begin on 26 August and last until 25 September when V1 will officially shut down.
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In a blog post published on 26 August, ZKSwap announced it will be discontinuing the ZKSwap V1 mainnet over the next month. The development team explained the shutdown of the V1 version of the Layer-2 DEX is due to technical iteration — the user experience and functions of the newly launched V2 are far more powerful than what V1 has to offer.
The cease operation will officially begin on 26 August. Until 3 September, the ZKSwap operation team will stop all functions on V1, including deposits and withdrawals, token swaps, adding new accounts, and adding liquidity. On 18 September, all V1 services except for the browser will be discontinued. Come 25 September, the team will completely stop the V1 operation.
Users were called to migrate their assets from ZKSwap V1 to V2 before 25 September. The team said it will guarantee the absolute safety of user funds during the process, ensuring the shutdown of V1 won’t cause any loss of digital assets. Users that fail to migrate their assets to V2 before the shut down will be able to move their funds by contacting the moderator through official Telegram channels, the team said.
- Coinbase’s Base blockchain was made available to the public on Wednesday, featuring over 100 dApps and services as part of its ecosystem.
- In order to show its capabilities and promote its mainnet partners, Base has also launched an event called “Onchain Summer” that will allow users to mint exclusive NFTs on the network.
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- Coinbase’s protocol security team and over 100 external security researchers were involved with testing the upcoming layer 2 Base blockchain over the past six months.
- The project said it has now completed four out of five criteria for Base’s mainnet launch, with the remaining one being to demonstrate “testnet stability”.
- Coinbase has launched the testnet for its own layer-2 network Base, which was designed to be low-cost, open-source, and provide a developer-friendly environment.
- The exchange also revealed it will be joining Optimism as a core developer on the open-source “OP Stack”, which Base was built on top of.