Crypto.com Supports the OLE Contract Migration

Users of the Crypto.com App and Exchange will receive OLE V2 tokens at a later date

Please note that the OLE contract migration in the Crypto.com App and Crypto.com Exchange was completed on 17 Jan.

OLE V2 deposits and withdrawals are enabled, and OLE V2 tokens have been issued to OLE V1 holders at a 1:1 ratio.

Open Leverage (OLE) will be launching OLE V2 to enhance interoperability and scalability through its multichain bridge integration. This update will propel OLE toward a more efficient DeFi ecosystem. A contract migration from V1 to V2 will occur at a later date. 

Crypto.com will be supporting the OLE contract migration. As a result, OLE deposits and withdrawals will be temporarily suspended on 15 January 2024, 02:00 UTC. OLE trading on the Crypto.com Exchange will not be affected.

OLE tokens will be migrated from V1 to V2 on the ERC-20 and Cronos networks at a 1:1 ratio on a later date according to the OLE balances in eligible users’ Crypto.com App and/or Crypto.com Exchange account.

It is recommended that you keep your OLE V1 holdings in your Crypto.com App Crypto Wallet and/or Crypto.com Exchange Wallet to ensure that the OLE V2 tokens are delivered directly to your respective accounts.

For reasons beyond our control, you may incur a retrieval fee if OLE V1 deposits are made after the suspension on 15 January 2024. Token retrieval may not be possible in some cases.

A separate announcement will be made when OLE V2 deposits and withdrawals are enabled in the App and Exchange.

Crypto.com reserves the right in its sole discretion to amend, change, or cancel this announcement at any time and for any reason without notice.

Thank you for your support and understanding.