Zest Protocol has set October 23, 2024 as the final deadline for users to exit their aeUSDC positions on Stacks Market V1. This legacy bridged stablecoin cannot migrate automatically to USDCx, the version used in V2 through a partnership with Circle. Holders must manually perform three operations: withdraw from V1, convert to USDCx via Bitflow or Allbridge Classic, then deposit to V2. Stacks Market V2 had reached approximately 87 million dollars in total value locked by early October, with utilization rates around 70 to 75 percent across major assets. After October 23, the infrastructure supporting aeUSDC positions will be deprecated.
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