EdgeX begins V2 migration, launches 50M USDC vault program

Decentralized derivatives exchange EdgeX announced the start of its migration from V1 to V2. Once the migration is complete, users will be able to join a newly launched USDC reward vault incentive program. The program was launched jointly with DeFi risk management project Gauntlet and offers up to 7% in annual rewards, combining a base 4% annual yield on USDC with an additional 3% in EDGE rewards. The program will run until the 50 million USDC allocation is exhausted. EdgeX said V2 provides an upgraded USDC settlement system, which should offer a more stable exchange user experience.