Announcements An Explanation for the Solvent (SVT) Delisting and Conversion to USDC

An Explanation for the Solvent (SVT) Delisting and Conversion to USDC

2023-06-02 07:10:07 UTC 22204 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
At the request of the Solvent (SVT) project team, Gate.io delisted the Solvent (SVT) trading market on May 15, 2023, 03:00 a.m. UTC. For details, please refer to the previous announcement titled “[Gate.io To Delist Solvent (SVT)](https://www.gate.io/article/30715 "Gate.io To Delist Solvent (SVT)")”. According to the official announcement from the Solvent (SVT) team, the team will buy back all the SVT tokens from SVT holders at a fixed price of 0.007 USDC per SVT before July 31, 2023.

To facilitate the token exchange, please follow the steps below:
1) Withdraw SVT from Gate.io to the recommended wallets by the project team, either Phantom or Solflare.
Phantom official website: https://phantom.app/
Solflare official website: https://solflare.com/

As an example, we will provide instructions for withdrawing to a Solflare wallet:
① Visit the official website of Solflare wallet and click on the "DOWNLOAD" button on the homepage.
![](https://gimg2.gateimg.com/image/article/16856893641.png)

② Choose the desired extension type based on your personal preference.
![](https://gimg2.gateimg.com/image/article/16856893792.png)

③ Copy the SVT deposit address from the Solflare wallet. Then go to the withdrawal page on Gate.io, select "SVT" as the withdrawal coin and "SOL" as the network, enter the SVT receiving address and withdrawal amount, and click "Next".
![](https://gimg2.gateimg.com/image/article/16856893913.png)

2) Once the withdrawal is successful, follow the project team's recommended channel to sell SVT for USDC through the Prism app. On the Prism app, click on "Connect Wallet" to connect either the Phantom or Solflare wallet. Then follow the instructions to convert SVT to USDC.
Link to the Prism app: https://prism.ag
![](https://gimg2.gateimg.com/image/article/16856894074.png)

For more detailed buyback information, please refer to the official announcement from Solvent (SVT):
https://twitter.com/solventprotocol/status/1663935857328377856

Withdraw Solvent (SVT)：https://www.gate.io/myaccount/withdraw/SVT

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Gate.io Team
June 2,2023

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An Explanation for the Solvent (SVT) Delisting and Conversion to USDC

An Explanation for the Solvent (SVT) Delisting and Conversion to USDC

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