We know you're really looking forward to the launch just as we do, but due to some reasons, we have to postpone it a little.
23 Jul 2021, 16:25
We know you’re really looking forward to the launch just as we do, but due to some reasons, we have to postpone it a little. As you may know, our partners from BondAppétit have postponed their purchase of bonds and the transition to Phase 2 until approximately August 1st. Using USDap as a stable collateral asset, EAST.Finance has to be delayed as well.
Also, EAST is the first token in Waves Enterprise mainnet that is based on containerized smart contracts. So we need extra time to polish EAST transferring to the Waves network and back through Waves Exchange gateways. The listing on other exchanges will take some more resources too.
But there is some good news as well. This delay lets us add nice new features to the protocol, or rather to the vault liquidation. This part of the protocol will become available for common users. They will manage to participate and earn from it, thereby minimizing the need for a trusted party.
The new date of starting phase 1 will be announced in a few days. Stay tuned to EAST.Finance!