Augur (REP) Delays v2 Prediction Market Launch To June; v1 Cutoff Date Extended

Augur announced its long-awaited version 2 (Augur V2) will be delayed to give the community time to switch from the older V1 versions to the new updates. The team announced most of the work on the new platform is done with a little polishing up and bounty finding hanging in the way.

Augur dev team delays V2 till June

After months of work on the new Augur V2, the dev team announced the new update will launch in the ‘first weeks of June.’ The decentralized betting platform will launch on the Ethereum blockchain bringing fresh aspects in addition to a DAI-denominated coin, a switch from the ERC-20 standard token to the lucky token contract, the ERC-777 and a new tool to focus on the exposure of fake markets.

According to the blog post every REP, the blockchain’s native token, users will need to migrate to the new version before the cut-off date to avoid being left out. The team will offer more information on how to migrate tokens to the new update.

The cut-off time is delayed to the 15th of May (12:00pm UTC), giving users ample time to switch to the new version as soon as it’s launched. Users can continue creating the betting markets at the moment, as the report reads,

“At this time, we’ve decided to extend the v1 cutoff date until May 15th (12:00pm UTC). This allows users to continue to create markets through the UI while also budgeting a good deal of time between then and the anticipated deployment (to ensure resolution).”

Few steps to go

The team is just a few steps from launching the V2 main net as the community works on a few bugs, polishing the Augur user interface and the integration with DeFi product Uniswap V2. The announcement reads,

“The bulk of the remaining engineering work for the initial v2 launch involves polishing the Augur UI, preparing for integration with the launch of Uniswap v2, and performance and end to end testing of the contracts on Mainnet.”

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