Upon discovering the SalmonSwap SAL to SLM token swap on September 19th, we announced our intent to support this swap for Poloniex customers. We always endeavor to provide our customers with access to network upgrades and token swaps. Unfortunately, in the case of SalmonSwap, they had decided to perform another token swap from SLM to SAN with no notice to our team. This second swap to SAN means that we are no longer able to swap SAL to SLM, and ultimately SLM to SAN.
Given the lack of communication from the SalmonSwap team and the incredibly short timelines provided to complete these token swaps, we have decided that we can no longer support this asset while also ensuring the safety of customers’ funds. We have moved forward with removing SAL from Poloniex and have credited all customers who held SAL during the balance snapshot on September 22nd at 14:30 UTC with the value of their SAL balance in USDT. The SAL value in USDT is determined using the last traded price on Poloniex. The last traded price before our SAL/USDT market was disabled was 1 SAL = 1.14 USDT.
We understand that this solution may be frustrating for our SAL holders but we unfortunately were not left with any other choice. We continue to monitor for any other token swaps, upgrades, and forks for all assets listed on Poloniex and aim to support all opportunities for our customers.