ZKSwap V1 Removes Minimum Requirement for Token Withdrawal, Liquidity Removal and Transactions

Leading Layer2 DEX protocol ZKSwap has removed the minimum fee restrictions on V1 regarding transaction, liquidity removal and withdrawal in coping with low liquidity on the platform. On the ZKSwap V1, the minimum amount to make a transaction and remove a liquidity amount is 50 ZKS or 200 USDT. The platform will also stop charging the 5 USDT fee on asset withdrawals from the Layer2 to the Layer1.

The actions taken aim to encourage users to migrate asset from the the ZKSwap V1 to the ZKSwap V2 before the ZKSwap V1 fully cease to operate. During the period of transactions, ZKSwap will promise the abosulate asset safety of users. The ceased operation will only stop the function features of the ZKSwap V1 without causing any lost to the digital assets.

The ZKSwap V1 has scheduled to cease the operation on September 25th, 2021 (UTC). Users who have yet migrate their assets to the ZKSwap V2, please check out the guidance as following:

Time Table

• August 26, 2021 — September 3, 2021 (UTC) : Cease for deposit, swap, and account creation;
• September 18, 2021: All the ZKSwap V1 operations stop, except for browser feature;
• September 25, 2021: ZKSwap V1 fully cease the operation. Users who have yet migrate their assets to the ZKSwap V2, please contact moderator of the ZKSwap telegram official channel.

Tips: A tutorial of asset migration can be found on the ZKSwap’s WiKi website. https://en.wiki.zks.org/tutorials/zkswap-v2-tutorials Latest information and updates about ZKSwap can be found on ZKSwap’s official blog, forum, medium. Please also click mail subscriptions on ZKSwap’s official website.

Still have questions? You can contact the channel moderator directly through ZKSwap Official Telegram.