The WEMIX Team shares updates on the measures taken to address the WEMIX$ depegging issue and outlines plans for the future.
Overview of WEMIX$ Depegging Issue
The WEMIX Team apologizes for the delay in providing information regarding the WEMIX$ depegging issue. This issue became prominent against the background of problems with the external PLAY Bridge, leading to increased community concern.
Necessary Measures for Resolution
To resolve the WEMIX$ depegging, it is essential to establish conditions for the reliable flow of stablecoins into the WEMIX 3.0 network. The problem arose from a failure of the external bridge service connecting chains. The chosen solution involves using Chainlink's Cross-Chain Interoperability Protocol (CCIP) for secure connectivity.
Final Preparations and Next Steps
Although the consultation process took longer than expected, most of the preparatory work has been completed. Only a few technical procedures and developments remain. Once preparations are finalized, follow-up actions to resolve the issue will begin, expected to address community and WEMIX$ holders' concerns. Detailed plans for measures will be released in March.
The WEMIX Team expresses regret for not fully understanding the community's frustration and promises to pay more attention to timely communication in the future.
