BASE GOLD RESERVE UPDATE: V1 vault interactions are temporarily paused while we complete a liquidity review and prepare the migration to V2 Vaults.
Existing V1 balances remain recorded onchain. No user action is required at this time. Migration details and next steps will be announced shortly.
BASE GOLDBASE GOLD
The original Base Gold Reserve vault system is being transitioned into a dedicated migration path while the protocol prepares a more sustainable V2 architecture. Existing balances remain recorded onchain.
If you already opened a V1 vault, your position has not disappeared and has not been removed from the protocol. Existing balances remain recorded onchain and visible through the Vaults page while the migration path to V2 is finalized.
The current pause is intended to move the legacy V1 system into a structured migration process. No action is required from users at this time. Additional details, next steps, and migration guidance will be published through the Status page as they are finalized.
Base Gold originally introduced V1 as a time-locked vault system where BGLD could be deposited into fixed-duration positions. Those balances remain visible onchain, but V1 interactions are currently paused in the interface while the protocol finalizes its next phase.
The current focus is not new V1 participation, but a transition into a more durable V2 reserve design. Existing positions continue to be part of the historical onchain state and remain reviewable through the Vaults page.
For users with existing V1 positions, the protocol is treating those vaults as part of a migration workflow rather than as abandoned balances. The interface pause is designed to stabilize the transition to V2 while keeping legacy positions visible and reviewable onchain.
V2 is intended to preserve the core reserve concept while improving long-term sustainability, refining reward mechanics, and aligning more closely with the broader Base Gold ecosystem.
During this transition period, users should treat V1 as a legacy system under migration rather than an actively promoted staking product.
The Base Gold Reserve is an onchain reserve ecosystem built around the idea of time preference, transparent contract state, and long-term alignment. The protocol is now moving from its initial V1 vault model toward a more sustainable V2 architecture.
Base Gold is built around a reserve-first philosophy. The goal is to create a durable Base-native system where long-term alignment matters more than short-term churn, and where onchain visibility remains central to how the reserve is understood.
V1 introduced short-term time-locked vault mechanics and onchain reward accounting. Those positions remain part of the protocol’s onchain history, but V1 is now being treated as a legacy generation of the reserve while migration planning moves forward.
A core principle of Base Gold remains transparency. Even during migration, existing balances, vault identifiers, and contract references remain visible onchain and reviewable through the protocol interface.
The current transition is focused on evolving the reserve architecture rather than abandoning it. V2 is intended to carry forward the reserve concept with healthier long-term mechanics and stronger system design.