@ripsapp

⚠️ Update on the $RIPS staking upgrade Following our earlier notice, we want to share how we’re moving forward on the stRIPS situation. We’re going to be replacing the current staking pool with a new one that uses a non-transferable (soulbound) staking token, ensuring staked balances can’t be accidentally traded or moved going forward. What to expect: - The existing staking pool will be replaced with a new pool using non-tradable staking tokens - An in-app migration path will allow users to move safely from the old pool to the new pool - Once the transition is complete, we’ll outline how we’ll make things right for users affected prior to this update The new pool and migration tooling are not live yet, and no action is required at this time. We’ve taken a snapshot of affected wallets up to this point. DO NOT SELL OR TRANSFER YOUR stRIPS. Any issues that occur after this update will be considered post-notice, and we won’t be able to rectify them. More details soon as the upgrade approaches. Thanks for your patience while we roll this out carefully 🙏

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