Rails, an on-chain derivatives platform, has begun migrating to version 2.0. The company shared the news through various channels, including X and email. The platform’s upgrade promises improvements in vault infrastructure, liquidity, and a forthcoming options trading feature. Additionally, XRP, PUMP, and HYPE tokens will be delisted on April 28, and users can expect refunds by May 29.
The migration to Rails Airdrop 2.0 has officially begun, with key upgrades focusing on vault infrastructure and liquidity. The transition will enhance the platform’s scalability, making it better equipped to handle larger institutional clients.
It posted the update on its official X account and via email, confirming that the Rails migration process is live. Alongside these technical improvements, the company also announced that XRP, PUMP, and HYPE tokens would be delisted on April 28.
In addition to this, the token confirmed that refunds for affected users will be processed by May 29, as stated in the official communication. The migration will also pave the way for the upcoming launch of options trading on the platform.

Source: Official X
The project is gearing up to expand its product offerings with the upcoming launch of options trading. Set for Q2 2026, the company revealed a preview of the BTC options interface, which will feature cash-settled contracts. This marks a significant shift, which has previously offered only perpetual futures.
The integration will remain streamlined, allowing both fintechs and institutions to access a broad derivatives suite while maintaining a single integration. A Hybrid crypto derivatives infrastructure combines centralized order matching with on-chain custody, ensuring regulatory compliance and scalability.
The company has processed billions of dollars in trading volume, which positions it well for the new options trading feature. The company teased that the official launch date will be shared soon, leaving many users eagerly awaiting further details.

Source: X
Tokenomics 2.0 cuts the total supply to 65 million tokens from 100 million. The new allocation looks like this:
Shareholders, including investors and team: 23,075,986 tokens, or 35.50%
Liquidity provisioning: 17,245,000, or 26.53%
Institutional partnerships: 12,000,000, or 18.46%
Early user rewards: 6,500,000, or 10.00%
Foundation: 6,179,014, or 9.51%
Founders also reduced their allocation by about 7 million tokens. Liquidity provisioning includes 2 million new tokens and 15.245 million from the June 2025 token sale. Those tokens aim to support market makers and steadier trading. Partner allocations may fund user rewards, fee discounts, and settlement discounts across integrated platforms.
The early user pool still equals 10% of the supply. Eligible users include Play 1.0 and the rewards program in Phases 1 and 2. At launch, 25% unlocks. The rest is vested over 12 months. All remaining tokens unlock if the fully diluted value holds $500 million for seven days. The previous threshold was $1 billion.

Source: Tokenomics Website
With moves towards a more institutional-friendly platform, the focus is now on how these changes will impact the broader market. The upgrades to the vault infrastructure and the upcoming options trading feature will likely strengthen its position in the crypto derivatives market. As for users, they will need to monitor the platform for further announcements, especially regarding the Rails token launch and the completion of the 2.0 migration.
Disclaimer: This article is for informational purposes only and does not constitute investment, legal, or tax advice. The crypto market is volatile and investments should be made with caution.
Sakshi Jain is a crypto journalist with over 3 years of experience in industry research, financial analysis, and content creation. She specializes in producing insightful blogs, in-depth news coverage, and SEO-optimized content. Passionate about bringing clarity and engagement to the fast-changing world of cryptocurrencies, Sakshi focuses on delivering accurate and timely insights. As a crypto journalist at Coin Gabbar, she researches and analyzes market trends, reports on the latest crypto developments and regulations, and crafts high-quality content on emerging blockchain technologies.