Augur upgraded to the second version of its prediction market software on July 28th. This is a significant update to the Augur platform that introduces a new token, REPv2 (REPV2).

We will support the token swap from REP to REPV2 for Poloniex REP holders. Poloniex customers who hold REP do not need to take any action at this time but here is some important information to keep in mind: 

• Starting on Wednesday, August 5th 2020 at 16:00 UTC, REP deposits and withdrawals will be turned off while we prepare to upgrade to V2. 
• Starting on Friday, August 7th 2020 at 16:00 UTC, our REP/BTC and REP/USDT markets will be disabled for trading so that we can snapshot customers’ REP balances in anticipation of the conversion to V2.
• We will begin the distribution of REPV2 to all eligible customers at a ratio of 1 REP = 1 REPV2. Once the swap from REP to REPV2 is complete, we will sunset our support for the REP cryptocurrency and REPV2 will persist as the sole Augur software version supported on the exchange.
• We will enable REPV2 deposits, withdrawals, and markets soon after the swap is complete.

For more information about the Augur v2 launch and REPV2, please refer to this article from the Augur team.