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An Update on the Aave LEND to AAVE Token Swap

We will support the token swap from LEND to AAVE for Poloniex LEND holders.

Poloniex customers who hold LEND do not need to take any action at this time but here is some important information to keep in mind: 

  • Starting on October 2nd around 16:00 UTC, LEND deposits, withdrawals, and trading will be disabled while we prepare to perform the swap. 
  • We will begin the distribution of AAVE to all eligible customers at a ratio of 100 LEND = 1 AAVE. Once the swap from LEND to AAVE is complete, we will sunset our support for LEND and AAVE will persist as the sole Aave token supported on the exchange.
  • We will enable AAVE deposits, withdrawals, and trading soon after the swap is complete.

For more information about the LEND swap and AAVE, please refer to this article from the Aave team.

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