Announcement that LBank Will Support Aave (LEND) Token Swap to AAVE

Dear LBank users：

LBank Will Support Aave (LEND) Token Swap to AAVE，the details are as follows:

• Futures Contract

At 2020/10/10 8:00(UTC+8), LBank will conduct an automatic settlement on  LENDUSDT isolated margin trading pairs, as well as settling all LEND/USDT perpetual contract positions. We will then proceed to delist these pairs and contracts.

At 2020/10/16 16:00 (UTC+8), LBank Futures will launch and open trading for a AAVE/USDT perpetual contract with leverage of 1-50x.

• ETF

At 202/10/9/ 20:00(UTC+8), LBank will  cancel the relevant orders of LEND3L/USDT and LEND3S/USDT, Delist LEND3L/USDT and LEND3S/USDT  trading pairs. For users who still hold LEND3S and LEND3L after the transaction goes offline, LBank will redeem them at the price of 20:00 (UTC+8) on October 9th;

Redeem Time: 2020/10/9 20:01-2020/10/14 15:00 (UTC+8)

Redeem Account：hequshouku@163.com

※ The USDT redeemed by users will be issued uniformly within 3 working days after October 14. Users must complete the redemption operation within the specified time to avoid capital loss.

At 2020/10/16 16:00(UTC+8) LBank ETF will launch and open trading for a AAVE3L/USDT and AVE3S/USDT

• LEND Token Trade

At 2020/10/10 12:00(UTC+8) LBank will halt trading in all LEND trading pairs, and the trading pairs will also subsequently be delisted from the exchange. We will then take an immediate snapshot of all LEND balances and begin the distribution of AAVE to all eligible users at a ratio of 100 LEND = 1 AAVE.

At 2020/10/16 16:00(UTC+8) LBank will open trading for the new AAVE/USDT. Deposits and withdrawals for AAVE will also be opened at this time.

※ For further information on the token swap, please refer to Migration and Staking 101.

If you have problems, please contact LBank official email: service@lbank.info, and we will provide sincere, friendly and immediate service for you. We also welcome you to join LBank.info official English community to discuss the latest issue, (Telegram): https://t.me/LBank_en.