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GETH to ETH Swaps: Available on May 27

GETH to ETH Swaps: Available on May 27

Dear Guarda Wallet users,

Please note that the resumption of the GETH to ETH swaps with a liquidity of 90 ETH will take place starting from 9 AM UTC on May 27th.

As we’ve mentioned yesterday, the liquidity replenishment funds have already been withdrawn from all previously exited validators. The next portion of the liquidity funds will be available next week. We will give you an update on May 29, 2023.

Currently, the Guarda team is working on maintaining a reasonable balance between the demand for withdrawing ETH from staking via swaps and the volume of funds being staked. This effort is aimed at minimizing unnecessary validator shutdowns, thereby preserving the APR for the rewards of existing GETH holders who are not planning to withdraw funds just yet. We are dedicated to preserving a smooth staking experience for all.

Thank you for your patience. Stay tuned for updates in our Blog and on social networks.

Guarda Wallet Team