Moving forward; YELD Compensation Plan
Dear investors,
As you may have heard, PolyYeld suffered an exploit recently. The exploit limited itself to the native token only (YELD) and was exploited due to adding the xYeld token to Yeld masterchef which unfortunately could not support the token as it had transfer taxes. We sincerely apologize for this incident and would like to compensate everyone affected by the exploit with our rebuilt project.
The CEO of PolyYeld has decided to make a rebuild of PolyYeld and give our loyal investors a fair compensation to make things right. The rebuild is scheduled to launch within 1–2 weeks and a form will be created where everyone can send in their address and get airdropped the new tokens. A snapshot of the price right before the exploiter will be the calculated price for the compensation. We are aware that trading has still been going on for $YELD after the exploit; any $YELD tokens purchased after the exploit are not eligible for compensation.
After filling the form, the team will then gather all information and it will be compensated on a first come first compensated basis, so the sooner you fill out the form the better. The form will only be available for 72 hours, anybody who has not filled out the form will not be eligible for compensation.
A total sum of $250k (what was stolen) in the new token will be airdropped to those who are eligible for the compensation over the estimated course of 2–4 weeks, all depending on the farm longevity. The airdrop will be distributed in batches rather than all at once to prevent a huge sell-off, which batch you get your compensation in depends on how early you fill out the form so once again please fill the form at your earliest convenience.
You should only apply if you belong in any of the following categories
Yeld Holder
Yeld Liquidity provider
xYeld staker on Layer 1
The airdrop will ONLY be sent out to the same address that held the Yeld token, no alternative address will be considered, as we want to make sure the right person is getting compensated.
According to the charts, the price of $YELD was $25.52 and $xYELD was $101.68 before the collapse. This price will reflect your compensation amount in the new token.
More information and details regarding the rebuilt version of PolyYeld will be posted shortly, along with the compensation form.
Thank you everyone for your patience and faith in the team. We are here to stay, stronger than before.
