V2 is underway.
We've been heads-down building the next version of the protocol: a completely new architecture designed for a much broader set of applications than what exists today. This isn't an early-stage roadmap item. Development is well underway and details will be shared soon.
The new structure.
As the scope of what's possible under V2 has become clear, so has the need for a traditional entity structure alongside the protocol. Some of what this architecture opens up, the kinds of partnerships and commercial arrangements involved, simply requires a more standard entity to execute on, in a way the protocol itself can't. So one is being formed: the Entity (formal name TBA). The Foundation continues to operate the protocol and serve the onchain community as it always has; the Entity exists to enable more of the value V2 unlocks.
New ways for AUTO holders to participate.
This also opens a new door for AUTO holders: eligibility for pro rata participation in the Entity itself, on top of the earning through staking. Full requirements for participation, including things like KYC, will be detailed in a future announcement. But the first step is simple and available now: if you haven't yet, migrate your TOKE to AUTO by September 15, 2026. Only holders of AUTO on that date will be eligible.
Migrate here: https://app.auto.finance/auto
Note: AUTO, in its current form, won’t change for users that do not go through the process for Entity participation. Users can still stake AUTO as they normally would. Secondly, the ability to migrate from TOKE won’t end, but if a holder wishes to be eligible to participate in this additional opportunity, they need to migrate by Sept 15th.
Stake your AUTO.
Whether or not Entity participation is something you're pursuing, this is a good moment to stake your AUTO. AUTO remains the protocol token and will be central to everything V2 enables going forward. Staked AUTO historically earns ~40% APR (currently 58%).
Stake here: https://app.auto.finance/auto
What's next.
Starting next week, we'll begin sharing more about V2 itself - the broader vision, and the new markets and products it enables. Because of how flexible this new version is, there's real room for community feedback to shape the initial launch, and we'll be opening that up as we go. Details on the process for Entity participation will follow in a dedicated communication.
