Mountain Protocol, the company behind the USDM token we offer in El Dorado Earn, announced its acquisition by Anchorage Digital. This news marks a major milestone for the USDM team, and we at El Dorado celebrate it as a sign of growth in the sector.
As part of this transition, USDM will stop generating yields starting June 11, 2025. Therefore, to maintain the usefulness and transparency of our products, we will remove USDM from El Dorado Earn.
What will happen to your USDM?
If you have a USDM balance, you can convert it to USDT without fees inside the El Dorado app until 07/01/2025.
We ask you to convert your balance before that date.
If you don’t, you can write to us at soporte@eldorado.io and our team will help you convert your funds.
How do I convert my USDM to USDT?
- Go to the “Earn” section in the bottom menu of the app.
- Select your “USDM” vault.
- Tap “Convert” and select USDT.
- Withdraw the maximum amount available.
- Confirm the transaction and receive your USDT in El Dorado.
El Dorado Earn keeps evolving
The good news is that this is not an end, but a new beginning. We’re excited to announce that soon you’ll be able to earn safely with USDT deposited in AAVE, a leading and highly trusted DeFi protocol.
We remain committed to bringing real, simple opportunities to our users, and this integration with AAVE is another step toward that goal. All from the same secure and easy-to-use El Dorado interface.
