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[ The Countermeasure 2 — Smart Vault & Conversion Mechanism Preliminary Update ]
River introduced the industry’s first dynamic airdrop conversion mechanism. Over the past three days, the team has received constructive feedback and concerns from the community as the system continues to evolve.
We fully understand these perspectives and see this not as a setback, but as an opportunity to refine and improve the model together with the community.
This marks more than a technical upgrade; it is a step toward a new paradigm of collaboration and shared innovation within River.
This announcement serves as an initial outline to help the community understand the current direction and ongoing progress.
All plans are advancing methodically, and detailed updates will be released daily.
✦ TL;DR
▸ The principal in Smart Vault remains secure and will be fully withdrawable at the end of the earning period
▸ The River Pts conversion mechanism upgrade is already in progress — parameters such as conversion window, rates, and daily limit are still under discussion.
✦ Smart Vault
All Smart Vault funds remain completely secure, and users will be able to withdraw their full principal once the earning period ends.
All strategies and systems are operating normally, with settlement processes running smoothly.
We understand that recent River Pts fluctuations have raised questions about yield distribution. Any adjustments to the payout method will be made based on community feedback and announced accordingly.
✦ River Pts Conversion Mechanism
The upgrade of the River Pts conversion mechanism is now in progress.
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