Decentralized yield platform Multipli.fi said it will shut down all V1 functions today as it begins a phased migration to its V2 platform. After the shutdown, users will still be able to view the V1 interface and their funds, but no actions will be available there. The migration is expected to take several hours, after which V2 will become the default platform.
The team said users must complete the Consent process before V1 is closed if they want to choose the destination network for their funds in V2 on their own. If consent is not completed in time, the system will automatically assign a destination network based on instructions in the official blog post. Users who do not want to participate in the migration can withdraw funds before the V1 shutdown, and the platform said all V1 withdrawal requests will be prioritized.
Multipli.fi Begins V1 Shutdown and V2 Migration
Decentralized yield platform Multipli.fi said in a post on X that it will shut down all V1 functions today. Once the shutdown takes effect, users will still be able to access the V1 interface and view their funds, but they will no longer be able to perform any actions on that version of the platform. The team said it will then begin a gradual migration to V2, a process expected to take several hours, after which V2 will become the default platform.
According to the announcement, users need to complete the Consent process before V1 is turned off if they want to independently select the destination network for their funds on V2. If they do not complete consent in time, the system will automatically assign a target network in line with the guidance published on the official blog. For users who do not wish to join the migration, Multipli.fi said they can withdraw funds before the V1 shutdown, and all withdrawal requests submitted on V1 will be given priority processing.
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