Redemption: Reborn

Relaunching Redemption Swap

Standing Again

Turning an idea into a reality requires blood, sweat and tears. When that idea is revolutionary, many seek to stop it by whatever means necessary.
Redemption Swap offered a chance at new life for many projects. The ability to create an automated Buyback and Burn system for various DeFi protocols is revolutionary in its capabilities.
Naturally there are those opposed to change, who would seek to exploit for personal gain, even at the cost of others.

However, even after an attack designed to stop the revolution, hope was not lost.
The Redemption team is fully aware of the value of our community, and the capablities of the Redemption Profit Optimization ecosystem. We know just how big Redemption will be, and as such we know we cannot bend the knee to those who wish to see us fall.

Redemption V2 Audit Results:

We are pleased to announce that Redemption Swap’s V2 contracts have been audited and have passed through Obelisk Auditing’s strict security audit https://obeliskauditing.com/audits/redemption
We hope that this will serve as a benchmark for our future endeavors, and give peace of mind to our community that from here on out security will be a top priority for Redemption.

Flashloan Exploit Compensation Plan:

We have created a repayment list for those directly affected by the flashloan exploit. The list is located at: https://flashloan.redemption.fi/
This is for those who held LPs of all types on RED SWAP. If your wallet address is not on the list, please send us your transaction # for the LP creation and breakage for Redemption-LP up until the 20th of April and we will verify and add you. Anything past the 20th will not be added.
You will not be compensated for selling off assets. This is only for those directly affected by the attacks. The protocol assets(2|3omb etc) are expected to be returned in full shortly. The FTM portions will be repaid over time with a portion of the fees generated through the Redemption Ecosystem. The more the ecosystem is used, the quicker the repayment.

Redemption Reborn: Relaunch

We are pleased to announce that the relaunch of Redemption Swap is imminent. Once the swap goes live, you will have one week to fully swap over your Spooky LPs back to Redemption. During that time 80% of rewards will go to Redemption LPs, and 20% will go to Spooky LPs.

Our Future Plans:

We are not stopping with Redemption Swap. We will continue moving forward, no matter the hardships we may face. Within the next few weeks you can expect many new updates regarding our new Redemption Tokenomics, Redemption Yield Optimizer, and the game changer for creating utility for your Redemption Ecosystem assets.

We thank you for your support through the ups and the downs, and we are looking forward to changing the future with all of you.
-Redemption Team