TechFlow news — Nexo has released Vauld's final revised proposal in an open letter, with changes concerning performance indicators (KPIs) related to user withdrawals. The previous proposal required users to generate trading volume of at least twice their account balance or achieve a minimum trading value of $10,000 to withdraw funds. The final proposal now requires a trading volume of at least five times the account balance, with no minimum trading value.
Additionally, previously Vauld creditors were required to exchange at least 20% of their account balance for Nexo tokens and lock them in time deposits of at least $1,000 for a minimum of 12 months; under the final proposal, there is no longer a minimum deposit size.
Earlier reports indicated that Kalin Metodiev, Managing Partner at Nexo, denied media claims that "negotiations for Nexo's acquisition of Vauld had been terminated," affirming that Nexo remains in discussions with Vauld over a potential acquisition. Nexo also sent an open letter to Vauld's creditors along with a final revised acquisition proposal.Original link
