Backpack: Backpack shared a CEO announcement

Backpack shared a CEO announcement in Discord as the final points farming season nears its end.

The team is conducting a sybil cleanup (criterion: multi-accounting); seized points will be redistributed to real users.

A vault testing phase will start next, expected to run for about ~4 weeks (range 2–6 weeks). The vault will provide liquidity across markets and act as LP of last resort.

During vault testing, about 10M points per week (total ~40M) seized from sybils will be redistributed.

No new points will be created after this week; this is the last week before TGE. The TGE will only occur once the vault is fully ready for new listings.

There are no MM or VC deals; at TGE, tokens will go only to users (and Mad Lads holders).