Nexo opens letter to Vauld Creditors with Final offer

BlockBeats news: On December 27th, Nexo, an encrypted lending platform, put forward Vauld's final acquisition proposal in an open letter, and the changes involved performance indicators (KPIs) related to user withdrawals. Previous proposals required users to have at least twice the turnover of their account balance or at least $10,000 in transactions in order to withdraw funds. The final proposal has changed to a turnover of at least five times the account balance, and there is no minimum trading limit. In addition, Vauld creditors were previously required to convert at least 20% of their account balances into Nexo tokens and lock them into time deposits of at least $1,000 for at least 12 months. There is no minimum deposit size in the final proposal. In an earlier interview with Decrypt, Nexo managing Partner Kalin Metodiev denied reports that Nexo's talks to buy Vauld were dead, and responded: "Nexo has not given up on rescuing Vauld and is still trying to help its creditors recover as much of their platform money as possible."