Due to the fact that the Sögur team will no longer be operational, we advise all of our users that have SGR on their Celsius wallet to exchange them for ETH as soon as possible.
Holders of SGR are encouraged to redeem their tokens back to ETH by Wednesday, February 17, 2021, by way of selling their tokens on exchanges, swapping in DEXes or selling back to the SGR smart contract.
On Thursday, February 18, 2021, Sögur’s monetary model will be closed and any funds remaining in the reserve accounts will be exchanged to ETH and deposited in a liquidity pool from which holders can continue to redeem their funds.
Please note that trading SGR for ETH is not available on the Celsius app so you will have to withdraw your coins and exchange them on another service.
More information regarding the exchange of SGR to ETH can be found on this link.
Please note that if you are experiencing difficulties withdrawing SGR from your Celsius Account, you should reach out to our support team via the Customer Care page. If you have any questions regarding the exchange of SGR to ETH or in general regarding the Sögur shutdown please reach out to their team via email@example.com.