AAX will support the Aave (LEND) token swap to AAVE, with the following timeline:
At 16/10/2020 18:00 (HKT), AAX will suspend LEND deposit and withdrawal services. Please ensure that you leave sufficient time for your LEND deposits to be fully processed prior to this time.
At 16/10/2020 18:00 (HKT), AAX will count the users coins and take a snapshot of all LEND balances.
During 16/10/2020 – 19/10/2020, AAX will collect all LEND tokens from users.
During 19/10/2020 – 20/10/2020, we will swap LEND to AAVE at a ratio of 100 LEND = 1 AAVE.
On 20/10/2020, AAX will launch AAVE and distribute AAVE to all eligible users.
On 20/10/2020, AAX will open trading for AAVE. Deposits and withdrawals for AAVE will also be opened.
For further information on the token swap, please refer to the announcement.
Thanks for your support!