Bitflow Protocol Updates: New Earns Contracts for USD/BTC Pools
We are pleased to announce significant enhancements to the BitFlow Earn contracts for all USD and BTC pairs.
Aimed at optimizing your rewards for a better earning experience and enhanced security, we have launched a new version of our Earn Contracts (staking) for the following pairs:
- USDC<>sUSDT
- USDA<>sUSDT
- aBTC<>xBTC
- USDA-USDC
Introduction of New Earn Contracts for USD/BTC Rewards Pools:
We launched a new version of our Earn contracts that now enables estimated APY and LP token emission rewards. This update is part of our commitment to improving usability, liquidity and optimizing your earning potential.
Security Enhancements:
Thanks to our proactive bug bounty program with Immunefi, we recently identified, validated and swiftly mitigated a potential security vulnerability within our Earn (Staking) contracts for USD and BTC pairs. We care deeply about the security of our users’ funds, and we want to be clear that no losses occurred during this migration.
Note: The STX<>stSTX pair was completely unimpacted and out of scope for this security upgrade.
LP and Rewards Distribution:
All LP tokens in Escrow were successfully unlocked from previous contracts and returned to users’ wallets, along with any unclaimed rewards, to ensure full control and security of your assets during the migration process.
What This Upgrade Means for You:
More Rewards + More Security. The Bitflow Earn contracts are fully operational, and emissions will resume in the next 1–2 cycles. Your LP tokens have been returned to your wallets, and are sitting idle. Use Bitflow Escrow (Staking) to earn higher yield than ever before, and double up with additional BFF points. Rest assured, all your previous liquidity points remain intact.
Thank you for your continued trust and support.
These updates underscore our dedication to maintaining the highest security standards and enhancing your experience on our platform
Our community’s involvement plays a crucial role in the ongoing security and enhancement of our platform. By regularly reviewing submitted reports and encouraging community participation in our channels and bug bounty programs, we continue to fortify the security of our platform.
If you have any questions, check out our FAQ below. For further assistance, please open a support ticket directly on our Discord.
Surf’s up!
FAQ
Q: What changes have been made to other protocol contracts or pairs?
A: The recent updates were specifically for USD and BTC Earns contracts; no other contracts were altered during this process.
Q: Are my previously assigned points still valid?
A: All your previously earned points and rewards are still valid. Plus, you have a new opportunity to earn more points by escrowing your LP assets. Even if your LP tokens were unlocked early, you’ll still receive points for those cycles.
Q: Are my funds safe?
A: Yes — No losses have occurred. This update was a preventive measure that involve unlocking staked assets and redistributing them back to users’ wallets — ensuring full control and safety of your assets.
Q: Why were security updates deployed to the USD/BTC Earns contracts?
A: We identified and validated a security bug report from our bug bounty program, within the USD and BTC staking contracts. The updates were swiftly implemented to correct this issue and enhance the contracts’ security.
Q: Why did I receive my LP tokens and rewards back in my wallet?
A: To ensure your assets’ security, all LP tokens in Escrow were unlocked from the previous contracts and returned to your wallet, along with any unclaimed rewards from previous cycles.
Q: Has the upgrade affected any other Reward pools?
A: No, this was an isolated upgrade, only in the Earns (staking) contracts for the specified USD and BTC pairs.
Q: What should I do now that I have received my LP tokens and rewards back?
A: Your LP tokens have been returned to your wallet along with any associated rewards. To continue earning rewards without interruption, re-stake your LP tokens at your earliest convenience.
Q: When will I start receiving emission and rewards again?
A: The Bitflow Earn contracts are fully operational, and emissions will resume in the next 1–2 cycles. Don’t forget to escrow the LP tokens that have been returned to your wallets, and get ready to earn higher yield than ever before, and double up with additional BFF points.
Q: I don’t see any rewards or LP tokens for reclaiming?
A: Check your wallet balance to verify you’ve received your LP tokens, including those from previous Escrow contracts (USD and/or BTC), should now be in your wallets, along with any previously unclaimed rewards. If you have any questions, please reach out to our support for assistance.
Q: How can I claim my rewards after the recent updates to the Bitflow Earn contracts?
A: You can claim your rewards by visiting the Earn page on our app. Following the updates for USD and BTC pools, rewards will now be claimable via LP token emissions, plus you’ll benefit from $DIKO rewards for USDA/aeUSDC pool.
