edgeX said it has begun its V1-to-V2 migration and paired the upgrade with a native USDC yield vault on V2 developed with the USDC ecosystem and on-chain risk manager Gauntlet. The program is capped at 50 million USDC and is intended to encourage users moving to V2 to use native USDC. edgeX said the vault offers about 7% combined annualized returns, including 4% on USDC and 3% in EDGE, while also stating that yields are variable rather than guaranteed and that users remain exposed to risks including smart contract risk and market volatility.