On March 15th, the $STG token will migrate to new addresses.
Below steps required by #STG holders and and stakeholder to ensure a reissuance and to minimize loss.
🧵👇
I hold STG in my wallet: You do not need to do anything. The replacement STG token will be airdropped into your wallet on a 1:1 basis after the snapshot on March 15th.
I hold STG on a centralized exchange: The Stargate Foundation is notifying every centralizd exchange that supports STG of the migration and providing them with a means to coordinate the switch.
This will be determined on an exchange-by-exchange basis.
Please follow announcements from the centralized exchange you hold STG on to ensure no loss of your funds. If the exchange where you hold your STG does not support the migration, you should withdraw your STG to a supported chain of your choice.
I hold STG on a dex or aggregator: On March 15th, all protocol owned dex liquidity will be removed. You must remove your own dex liquidity before March 15th. After the new STG token is airdropped, the old STG will be worthless.
If you continue to provide LP at this point, the old STG token will be sold into your LP removing the other asset you are providing and you will lose funds!!. It is recommended you withdraw and unwrap the LP and
(if you wish)re-add the LP with the new STG token after you receive it.
I have assets in Stargate LP pools: You do not need to currently do anything. All assets within Stargate pools (for example USDC, USDT or ETH)
do not need to be touched. Up until the snapshot they will continue to earn rewards where applicable and the STG migration does not impact the underlying capital in any way. On March 15th,
there will be a migration button on the Stargate farm pages that will allow you (or the aggregator you hold STG lp within) to easily move your lp to the new staking contracts that support the new STG token.
I hold veSTG: You do not need to do anything. When your veSTG vest expires, you will automatically receive the new STG token as you unlock your veSTG.
I bought STG from the community auction (I hold aaSTG): You do not need to do anything. aaSTG is a non-transferable token representing an STG purchase from the community auction. When your aaSTG vest expires, you will automatically receive the new STG token as you unlock yr aaSTG
• • •
Missing some Tweet in this thread? You can try to
force a refresh
The number of decentralized applications built on Lens Protocol and the usage rate of these applications is increasing day by day. With its built-in and customizable decentralized governance model, it gives a new impetus to the social DAO concept