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edgeX launches V1 to V2 migration, together with USDC and Gauntlet, to roll out a time-limited incentive program with a $50 million USDC allocation limit
Deep Tide TechFlow news: On July 20, edgeX announced the official launch of the V1-to-V2 version migration. After the migration is complete, users will be able to use native USDC to participate in a brand-new USDC Rewards Vault incentive program.
The program is introduced by edgeX in partnership with the USDC ecosystem and on-chain risk management firm Gauntlet. The maximum incentive reward pool for the event is 50 million USDC. During the event, users who deposit USDC can earn up to approximately 7% in combined annualized returns, including:
• 4% USDC annualized yield • An additional 3% EDGE annualized reward
This migration will further push edgeX toward upgrading to a native USDC settlement system, and provide users with a more stable and efficient capital usage experience. The event is open for a limited time, until deposit limits reach the maximum.