Haven Launching xUSD on July 20th

  1. The launch will require a hard fork of Haven’s chain to implement the xUSD exchange code. We will announce the exact block height for this fork as we get closer to July 20th.
  2. All pools and exchanges will be required to update their nodes and wallets to incorporate the new xUSD code. We are in communication with all known exchanges and pools and will be happy to assist in preparation for the hard fork.
  3. The launch on July 20th will continue to be supported by Chainlink’s decentralized pricing oracle. The pricing record created by Chainlink’s oracle that will be used for each block header can be found here. We plan to add additional decentralized pricing oracles in the future.
  4. After xUSD launch, the circulating supplies of XHV and xUSD will fluctuate dynamically as a result of the mint & burn process at the core of Haven’s protocol. An updated block explorer will be released at mainnet launch that will publicly track the block-by-block supply of both XHV and xUSD.
  5. For Haven’s users — there is nothing you need to do to prepare for the hard fork. However, once xUSD is live on the network, you will need to use the latest version of the desktop Haven Vault or Command Line Interface (CLI) wallet for any xUSD exchanges or transfers. The Vault has undergone significant changes over the last few weeks, and we are confident it is ready for you to use as the first wallet to support xUSD. Stay tuned for announcements about mainnet Vault releases.
  6. The web-based Haven Vault will continue to serve as a user-friendly way to store and transact XHV. It will be updated for xUSD functionality at some point after July 20th.

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