Lamden Link Planned Maintenace. Hello everyone. Lamden Link will be offline tomorrow from 9am to 1pm EST.
27 Jun 2022, 18:52
Lamden Link Planned Maintenace
Hello everyone! Lamden Link will be offline tomorrow from 9am to 1pm EST.
During this time we will be changing the peg of LUSD on BSC from USDT to USDC.
For transparency the process will be as follows:
1) Lamden will mint the equivalent amount of LUSD to what is currently in the BSC-USDT contract on Lamden
2) Lamden will burn the LUSD and transfer it via Lamden Link to BSC, withdrawing all BSC-USDT tokens from the BSC Lamden Link contract
3) Lamden will swap then BSC-USDT tokens for the same amount of BSC-USDC (probably on PCS)
4) Lamden will transfer all the BSC-USDC tokens back to the BSC Lamden Link contract.
5) Lamden Link will be configured to now point LUSD to BSC-USDC
This switch is taking place to insulate LUSD from possible USDT regulatory issues.
All transaction hashes for the mint and burn of LUSD on Lamden as well as the swap from BSC-USDT to BSC-USDC and sending back to the Lamden Link contract.
Same news in other sources
128 Jun 2022, 16:56
📣Lamden Link Maintenance is over!
LUSD is now paired to USDC on Binance Smart Change instead of USDT.
⚡️The Lamden Link site is live.⚡️
Lamden Link Maintenance is over. LUSD is now paired to USDC on Binance Smart Change instead of USDT.
📣Lamden Link Maintenance is over!
LUSD is now paired to USDC on Binance Smart Change instead of USDT.
⚡️The Lamden Link site is live.⚡️