Rage Trade Announces Winding Down, Returning Funds to Investors

Rage Trade has announced the planned closure of its platform and the return of funds to investors and holders. The firm is urging users to directly manage any active positions through source protocol interfaces as their app is being deprecated. A holder snapshot has been taken, ensuring that trading activity during this process will not be considered for allocation. 2.1x settlement for investors with unsold/unvested tokens, $0.42 per RAGE for liquid holders, and team member allocations are planned, along with the return of unclaimed deposits from deprecated vaults to original addresses. The company has emphasized an orderly wind-down process and cited a previous snapshot for determining eligible wallets for distribution.