We've identified the issue and are redeploying now. It should be done in about 15–20 minutes.
+ To our remaining Solana Socket LP providers,
We're opening a one-month window for you to withdraw your LP yourself.
After the website update, you'll be able to look up your position on a dedicated page. That page will only allow LP withdrawals.
When the window closes, we'll withdraw any remaining LP ourselves and return it to the wallet it originally came from.
We have a sizable following, and we know some of those followers are trackers. We know how this ecosystem works.
With a following like ours, someone will launch a fake token in our name before we do. This was a measure to keep the harm from that as small as possible.
Why did we move to Robinhood?
On Solana, we launched Socket, an "improved" mechanism built on our own AMM with continuous liquidity provision. We kept investing in it to help build a better ecosystem.
Once volume dried up on Solana, we were running at a loss that made it impossible to keep developing. So we built the infrastructure needed for a proper Plug AMM for RWAs on Robinhood, and only then did we make the move.
We want both continuous development and stable liquidity. To get there, we've set a small tax, and it's how we plan to keep development sustainable.
