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GETH to ETH Swaps: Available on June 5

GETH to ETH Swaps: Available on June 5

Dear Guarda Wallet users,

Please note that the resumption of the GETH to ETH swaps with a liquidity of 75 ETH will take place starting from 9 AM UTC on June 5th.

The next portion of funds for liquidity replenishment in the equivalent of 75 ETH will be added on June 6th starting form 9 AM UTC. Therefore, GETH-ETH swaps will be available.

Let us remind you that 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.

We will also provide you with GETH rewards distribution update tonight.

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

Guarda Wallet Team