Zest Sets October 23 Deadline for aeUSDC Exit from Stacks Market V1

Zest Protocol has announced that October 23 will be the deadline for the exit of aeUSDC from Stacks Market V1, requiring users to complete the migration of relevant positions before this date. Stacks Market V2 will only support the USDC-backed stablecoin USDCx issued in collaboration with Circle, and the migration process from V1 to V2 will not automatically transfer aeUSDC positions. Users must first withdraw aeUSDC liquidity from V1, then directly exchange aeUSDC for USDCx via Bitflow, and finally deposit USDCx back into the V2 application. An alternative method is to use Allbridge Classic to cross-chain aeUSDC from Stacks to USDC on Ethereum, and then use Circle's cross-chain bridge to transfer USDC from Ethereum back to USDCx on Stacks. The Zest application will prompt users to migrate positions other than aeUSDC to V2 with one click while they still hold V1 liquidity.

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