VaultCraft Migration to Base
APR
01
Event date
Tuesday 01 April 2025, UTC
Event description
- VaultCraft, a DeFi protocol for tokenized yield, is migrating to Base, an Ethereum layer-2 network, to leverage its low-cost, scalable infrastructure, a move reflecting the growing trend of DeFi projects shifting to layer-2 solutions in 2025.
- The migration involves $VCX and $oVCX token holders, with a two-month window from February 1 to April 1, 2025, to transition, after which non-migrated tokens will lose utility, a common strategy to streamline tokenomics.
- Base, launched by Coinbase in 2023, has seen a 300% increase in DeFi activity by early 2025, per DefiLlama, making it an attractive destination for projects like VaultCraft aiming to reduce transaction costs and enhance governance.
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