It’s true - things got a little dry yesterday during the public phase of the $WET sale on DTF. Bots from a very small number of entities used bundled transactions to snipe a substantial amount of the tokens in the first moments of the sale.
Massive apologies from the DTF team for not implementing a more sufficient bot-proof contract beforehand. Measures were in place in both the presale contracts and max caps, but in hindsight these were not sufficiently implemented.
But we are fixing this, and here’s the plan:
1. We will be voiding the public sale phase that happened on 4th December 10am EST. All addresses that committed to this phase of the sale will be refunded their USDC commitments soon.
2. Participants who successfully committed to the Wetlist and Jup Stakers phases of the sale still retain their allocations and will be able to claim them from the DTF claim page at TGE time.
3. The good news: The $WET public sale phase will be relaunched on Monday, 8th Dec at 10am ET with added counterbot measures being worked on in conjunction with the HumidiFi team.
Important Note:
As the currently deployed $WET tokens are in the completed presale vaults and cannot be retrieved, a new token will be minted to facilitate the relaunch of the public sale.
The current $WET token (WETcX1wAahwVbuJ9HihE8Uwf3dwmJBojGphAZPSVpJP) is VOIDED, and WILL NOT be the official token of HumidiFi. It has been unverified on Jupiter. All supply that is accessible by the DTF team will be burnt (900m $WET).
Successful participants from the Wetlist and Jup Stakers phase retain their sale allocations, and will be able to claim the new $WET tokens at TGE time as per normal from the DTF claim page.
Summary:
1. We messed up, will do much better next time
2. Phase 3 will be re-done on Monday, 8 Dec 10am ET
3. New WET token will be deployed, old one will be invalidated
4. Original Phase 3 participants will get refunded soon
5. Phase 1 & 2 participants will retain allocation & claim as per normal
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