TELx Liquidity Update
The TELx Council is preparing for the TEL upgrade, introducing a new generation of standardized liquidity pools on
@Uniswap v4, with rewards managed through
@merkl_xyz. This upgrade unifies TEL liquidity across Polygon, Base, and Ethereum, and transitions all rewards into the new framework.
Rewards on all current TELx pools will stop at the end of Period 58 (Sept 23rd). The new pools will begin earning Merkl managed rewards as each chain comes online:
•Polygon pools begin rewards in Period 59 (Sept 24th)
•Base pools begin rewards in Period 60 (Sept 30th)
•Ethereum pools begin rewards in Period 61 (Oct 7th)
Under the new framework, liquidity consolidates into TEL/ETH and TEL/eUSD pairs across all chains, plus an additional eUSD/eMXN pool on Polygon.
To continue earning rewards, current TELx liquidity providers will need to upgrade their positions:
•Unsubscribe from TELx
•Remove liquidity from existing Uniswap/Balancer pools
•Upgrade old TEL → new TEL
•Provide liquidity to the new Uniswap v4 pools
•Re subscribe to TELx and begin earning rewards in the new periods
Full details are available in the TELxIP forum post:
forum.telcoin.org/t/telxip-t…
More information will be shared as we approach the upgrade window on September 24th. Questions? Reach out to your TELx Council Members —
@tyakemi,
@BooClassic_,
@Eric_DeL_,
@mikemcnearney,
@andrew_pinch.