There is currently an issue with VALUE DeFi Governance Vault.
The team are aware of the 0 VALUE reward bug. Please don’t claim/exit your staked YFV from gov vault now. The team are investigating the issue.
Your VALUE is not gone. It’s a UI bug, it will be handled soon.
If you have already claimed your rewards (or exited) and got 0 VALUE, you will get the VALUE rewards automatically airdropped to your address.
Airdrops will take place on Wednesday October 14th 2020.
Don’t worry nothing is lost and you don’t have to do anything else.
15 Comments
Bertram
HI
I see the new V2 is up but when I connect my wallet It’s all 0.
Do I have to do something to get the funds back??
ValueDefiProtcol Crypto
New vault will only accept VALUE, make sure to wrap you YFV before trying to stake.
Bertram
He
I’m still waiting for my rewards from V1. It should be in my wallet by now. No airdrop.
What happens with vUSD and vETH. Don’t have them either.
Please communicate in a clear way with members. The way you guys are dealing with this is not acceptable.
Bertram
Thanks got the missing Value rewards and could add them to the stake.
Guess you will airdrop vUSD and vETH too at one point.
Ps. Your design is really great!!
Bertram
Hi
Question: When I’m adding to my stake in V2 once a month , in what way would it change the compounding mechanism ??
ValueDefiProtcol Crypto
When you add more value this will be added to your staked amount that already will include the compounded rewards. Rewards will then compound on your total amount.
Bertram
Thanks!!!
Bertram
Hi
I see you guys are planning to phase out YFV. I have not seen a plan yet on how to do that. I hope you have one. What happens to all that YFV in exchanges and wallets? Will they automatically swapped to Value? Do exchanges are listing Value by then?
Please don’t create the next mess by just not doing anything but taking only the support off. Can you please write about your plans concerning that issue. If YFV goes to zero which will happen fast, it will drag Yalue down with it. It’s not enough to just vote!!!
thanks
Bertram
Proposal: swap only possible from YFV to Value and not from Value to YFV. people are trading the difference between the two. There will not be a lot of migration because the price dumps despite an overall good market. People are going to change coins from Value to YFV and sell on exchanges. Sorry to say that , but you are loosing trust fast.
Bertram
thanks
Bertram
You also need to communicate with the exchanges to tell people to change YFV to Value on your website
1: 1.
Exchanges can notify people with email to do that.
You need to communicate a clear line. Trust is everything in your faculty.
thanks
Bertram
Hi
just one question. Do we get the vUSD,vEth rewards from GOV Vault 1 some day or can I just forget about it?
Bertram
any chance Value get’s listed on more exchanges?
Bertram
proposal: Are you able to create a vault where one can stake Value only and gets a different coin as reward? like ETH or BTC …… That would make Value unique and would lift the price massively.
thanks
Bertram
I guess nobody is reading my comments but I’m writing anyway.
I really hope you guys are connecting with exchanges. The reasons why the value price is below YFV price is because people who are trading on exchanges don’t know about the changes. Not everybody is looking every day. The reason why people are not migrating is because they don’t know what’s going to happen to the project or even giving up on it. Your first priority is the communication with exchanges . I really hope you are doing that. The coins need to be replaced in a smooth way.