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Open Custody Protocol(OPEN) Rebrand to Levva Protocol Token (LVVA)
What is happening to the $OPEN token?
$OPEN is merging with the Yield Alliance ecosystem and will be converted to $LVVA tokens. This merger combines Open Custody Protocol's infrastructure with Levva.fi's DeFi solutions and YieldWard's AI-powered yield optimization. The goal is one single synergistic stack of protocols and products, unified under one token - $LVVA.
Which token will become the main one?
$LVVA token will become the token after the merge event. $LVVA will drive all ecosystem activities, from governance to utility, creating a unified foundation to expand and grow the Yield Alliance. The goal of merging all tokens under the $LVVA token is to have a single synergistic stack of protocols and products, all using one utility token.
What is the conversion ratio?
$OPEN tokens will be converted to $LVVA at a 1:1 ratio. FDV will remain the same as $OPEN.
When does the migration begin?
The migration process will start in the upcoming days and end on March 7th, 2025.
LVVA Contract address(ERC20):
- 0x6243558a24CC6116aBE751f27E6d7Ede50ABFC76
Project Official Announcement:
- https://x.com/opencustody/status/1892176634121269659?s=46&t=rYn2EWA72rqrx7qJqUlL0g
