CeDeFi infrastructure BounceBit announced the launch of CeDeFi V2 on November 11th. V1 will be closed on November 4th, and users need to complete any pending pledge/unpledge operations in V1 before November 4th. After November 11th, all user positions will be automatically migrated to V2. Early redemption in V2 will incur a 1% principal fee. BBTC delegated to validators on the BounceBit network and BBTC and BBUSD held in wallets are not affected.
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BounceBit will launch CeDeFi V2 on November 11 and close V1 on November 4
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