ATTN: $DMR De-Listing from Uniswap due to Extraordinary Gas Prices, Migrating to Layer 2 DEX

Oct 30, 2021 2 min read
ATTN: $DMR De-Listing from Uniswap due to Extraordinary Gas Prices, Migrating to Layer 2 DEX
Uniswap V2 ETH-DMR Liquidity Pool will be withdrawn, and the swap pair subsequently de-activated, as the Dreamr Labs team has been sole liquidity provider to date on all Uniswap pools. The team will list DMR on a Layer-2 or EVM Compatible DEX soon, when the platform has been decided on. The Uniswap de-listing will occur on October 30th at 23:00 UTC.

Dreamr Community,

Due to the average cost of a trade on Uniswap exceeding $100 (currently $150 at the time of this writing) per swap consistently over the last week, and trading volume subsequently halting, the Dreamr Labs team has decided to remove the DMR-ETH pair, and re-list on a Layer-2 or EVM Compatible DEX, such as Polygon's Quickswap, or Binance Smart Chain's Pancake Swap as quickly as possible. Liquidity will be migrated to support DMR-ETH and DMR-USDT trading pairs on Bittrex Global.

The team is currently deciding which DEX is most appropriate for our community and those interested in becoming DMR holders, and we welcome community feedback on which decentralized exchange you'd like to see DMR listed on instead. Please let us know by joining our discord server at the link below, and letting us know!

Please note that Dreamer Labs has been the sole liquidity provider to date on Uniswap, and that de-listing from the platform does not affect any liquidity or staking incentives being offered now or planned to be offered in the future.

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