Polarity.Exchange wallet support for LEND/AAVE swap

Polarity.Exchange is going to support the LEND to AAVE token migration directly on-chain and in your wallet on December 12, 2020.

“AAVE token is the new governance token of the Aave Protocol, so migrating from LEND to AAVE allows you to participate in protocol governance and stake within the Safety Module (SM).” https://medium.com/aave/migration-and-staking-101-fe8fda3e2a30

There are a few reasons why performing the swap in your wallet is beneficial for our users

• Users can optionally swap on the TN Network without going off-chain
• It is cheaper to swap on our network then natively on Ethereum due to transaction costs
• Users can review our swapping DAPP to verify the functionality (unlike CEX)

Please be aware that we are migrating the LEND token to the AAVE token at a ratio of 100:1.

Further information about the migration on ETH natively can be found https://medium.com/aave/migration-and-staking-101-fe8fda3e2a30.

At approximately 7:00 PM 12th 2020 December UTC we will complete the following

1. Disable the LEND Gateway.
2. Swap all LEND gateway reserves to AAVE
3. Publish an immutable DAPP with the swapped AAVE allowing for a decentralized 100:1 swap of Lend to AAVE
4. List the AAVE token

Before this date, if you wish to complete the swap yourself, you can withdraw the LEND via our gateways.

There is no time limitation to the DAPP so please complete the swap at your convenience.

Regards,
Polarity Team