edgeX Begins V1-to-V2 Migration, Launches USDC Rewards Vault

edgeX has begun its V1-to-V2 migration and said users will be able to use native USDC in a new USDC Rewards Vault after the upgrade. According to ChainCatcher, the program offers rewards of up to 50 million USDC and is available until the deposit cap is reached. During the campaign, users depositing USDC can earn up to about 7% in combined annualized rewards, including a 4% USDC yield and an additional 3% annualized EDGE reward. edgeX said the migration is intended to support a native USDC settlement system and improve fund usage efficiency for users.