Multipli.fi to Shut Down All V1 Functions Today Ahead of V2 Migration

Multipli.fi said it will close all v1 functions today as it begins a phased migration to v2, a process expected to take several hours. According to Foresight News, the decentralized yield platform said users will still be able to view the v1 interface and their funds after the shutdown, but they will not be able to perform any actions. After v1 is closed, the platform will gradually migrate to v2, and v2 will become the default platform once the migration is completed. Multipli.fi said users must complete a consent process before v1 closes so they can choose the destination network for their funds in v2. If users do not complete the consent process, the system will automatically assign a destination network based on the platform’s official blog instructions. Users who do not want to participate in the migration can withdraw their funds before v1 closes. The platform said all v1 withdrawal requests will be prioritized.