The v2 user-friendly migration wizard will assist users through the following use cases with RDNT converted to OFT20 format and
16 Mar 2023, 23:33
The v2 user-friendly migration wizard will assist users through the following use cases with RDNT converted to OFT20 format and migrated/swapped on a 1:1 basis:
RDNT in wallets: This is a one-way directional bridge, as there will be no use for the v1 token after migration day
RDNT on CEXs: CEXs have been notified and should pause and migrate on the users' behalf as per their announced schedules. If some do not support migration, users should withdraw tokens to exchanges that do or to Arbitrum wallets.
RDNT or RDNT LP on DEXs: The Migration Wizard will assist users with unwinding their Sushi LP positions, migrating the v1 RDNT token to v2, and then re-forming their LP positions (Balancer 80/20 RDNT/wstETH) in a single, easy-to-use zap. Users will need to manually remove liquidity on other protocols (Uniswap v3, TraderJoe…). All v1 POL liquidity will be removed and deployed on Blancer, Uniswap, and TraderJoe.
Locked RDNT: RDNT locked through v1 UI will easily migrate using the wizard.
RDNT in pending or vesting status: Either exit early (50% penalty applies) or wait out the 28-d vesting period before migration.
RDNT earned as part of protocol fees: RDNT rewards that came from early exit fees are liquid and can be migrated with a single click.
Deposits/Collaterals: The wizard will assist in withdrawing collaterals from v1 and depositing them into v2. If desired, it will also zap into dLP with ETH in wallet or ETH borrowed from V2 money market. Note: All loans will have to be repaid manually prior to using the wizard.