OpenEden TBILL Vault has come a long way since its Beta launch in May 2023. With the relentless dedication of our team and the evolving needs of our clients and partners, we are proud to announce the full launch of TBILL Vault. This migration represents a major leap forward in enhancing security, robustness, and overall user experience.
What’s New in TBILL Vault
As we emerge from Beta, here are the exciting improvements that await our users:
Integration of an On-Chain Price Oracle
We have built an integrated on-chain price oracle, a powerful tool that provides real-time and precise price data. This empowers users to make informed decisions, track market movements, and manage their assets more effectively and real-time than before.
Security Improvements
Security remains paramount for the TBILL Vault. From including independent third-party multisig to on-chain circuit breakers, we have implemented robust security measures with business continuity measures to protect and ensure the safety of your assets.
Our smart contract has also undergone a comprehensive audit by Hacken, a trusted name in smart contract security.
Audit report: https://hacken.io/audits/openeden/
Faster Smart Contract Transactions
One of our top priorities is to provide users with seamless and rapid transactions. We have now optimised our smart contract operations, resulting in significantly faster transaction speed. Say goodbye to long confirmation waits and hello to a smoother user experience via almost-instant on-chain settlement.
Institutional-grade Safeguards
Liquidity reserves will now be held in fiat in qualified custodians such as Coinbase, thereby eliminating any smart contract risk as well as hedging against stablecoin depeg risk.
In-app Uniswap Widget
Users can now access Uniswap services through Uniswap’s in-app widget to swap their crypto assets to USDC to mint TBILL tokens.
Enhanced Dashboards
For illustration purposes only, please visit http://app.openeden.com
We’ve listened to our users’ feedback and have designed a new and improved user interface. Some of the key features include:
- Portfolio Dashboard: Users can gain a comprehensive overview of their holdings through the intuitive portfolio dashboard, allowing users to easily monitor the performance of their positions in one convenient location.
- Price Charts: Ability to visualise portfolio performance and historical data with interactive price charts. Allowing users to stay up-to-date with the TBILL token price movements.
- User Dashboard PnL (Profit and Loss): Track profits and losses effortlessly with real-time updates on user holdings. Managing a user’s holdings through the Vault has never been easier.
Action Required for Existing Vault Users
Pre-minted Beta TBILL Tokens
OpenEden has pre-minted the new TBILL tokens based on a snapshot of the Beta’s TBILL tokens in circulation and distributed them. No further action is required by existing TBILL token holders.
Deprecation of Beta TBILL Token Contract
Please note that the Beta’s TBILL token contract will be deprecated. Consequently, the Beta’s TBILL tokens will no longer be redeemable post-migration.
Adding the new Token Contract Address
To continue using the TBILL Vault, make sure to add the new TBILL token contract address to your wallet.
Approve the new TBILL and USDC Token Balances
With the migration to the new Vault contract, TBILL and USDC token balances will need to be approved on your wallet to perform subscription or redemption actions.
New TBILL Token Contract
- Token Smart Contract Address: 0xdd50C053C096CB04A3e3362E2b622529EC5f2e8a
- Ticker: TBILL
- Decimals: 6
- Network: ETH mainnet
If you are an existing user of the Vault and cannot see the new TBILL tokens on your Metamask, you have to add it as a custom token. Use the information below to add the new TBILL tokens to your wallet.
Adding the new TBILL tokens to your Metamask
- On the Metamask plugin under the Tokens tab, scroll down to the bottom and select Import tokens
- Paste the new TBILL token smart contract address (from above) into the Token contract address box
- Other information such as Token symbol and Token decimal will be automatically pre-filled once the contract address is pasted in; check that the pre-filled information matches the new TBILL token contract information above
- Confirm by selecting Add custom token; the new TBILL tokens will be visible in Metamask after the addition
Removing the Beta’s TBILL tokens (deprecated) from your Metamask
- On the Metamask plugin under the Tokens tab, select the Beta’s TBILL tokens
- In the drop-down options (3 dots arranged vertically), select Token details to view the Beta’s TBILL token contract information
- Verify that the token contract information matches those of the Beta’s TBILL tokens and select Hide token
- Confirm by selecting Hide; the Beta’s TBILL tokens will no longer be visible in Metamask after the removal
*Note: The above instructions are specific to the Metamask plugin and may be different for other browser wallet providers.
We are grateful for our early beta users, and without their support and feedback, we wouldn’t have been able to deliver a breakthrough in our architecture design with a seamless user experience for investing in RWAs onchain. Thank you for your continued support, and stay tuned for major announcements in the coming months!
About OpenEden
OpenEden operates a leading real-world asset (RWA) tokenization platform, renowned for its unmatched focus on regulatory standards and advanced financial technology. Founded in 2022, OpenEden bridges traditional and decentralized finance by providing, through its regulated entities in Bermuda and the BVI, secure, transparent, and compliant on-chain access to tokenized RWA. OpenEden is tokenizing global finance with a core focus on compliance and innovation. To learn more, visit www.openeden.com.
NOTE: The content is not for publication or distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the US and the District of Columbia), nor in such jurisdictions where such announcement would require registration and/or approval with any relevant governmental or regulatory authorities (“restricted jurisdictions”). The content is not an offer of financial products or digital assets for sale in the US or such other restricted jurisdictions. The digital assets referred to herein have not been and will not be registered with any regulatory authority or framework, including under the US Securities Act of 1933, as amended and may not be offered or sold in the US or such other restricted jurisdictions, except pursuant to an applicable exemption from registration. No public offering of the digital assets is being made in the US or restricted jurisdictions. For full details on the applicable T&Cs, please refer to https://docs.openeden.com/
