Switcheo has enabled the migration of its SWTH token from Neo Legacy to N3 using Carbon via Demex. NEP-17 SWTH tokens are now listed on Flamingo Finance and FLM reward distributions have begun for contributors to the FLP-FLM-SWTH pool. Contributors to the FLP-FLM-SWTH liquidity pool now share an allocation of 1.5% of FLM that mints daily, distributed according to their weight of contribution.
The SWTH token was a NEP-5 asset on Neo Legacy that listed on Neo’s DeFi platform in Nov. 2020. Before the SWTH migration to N3, Flamingo Legacy users could earn FLM rewards in the FLP-nNEO-SWTH pool until Feb. 25, 2022, when reward distributions ceased.
SWTH token holders must migrate via the Demex non-custodial exchange. The full announcement linked below details the process.
The SWTH token smart contract was minted on Neo N3 on Feb. 24, and FLM reward distribution for the FLP-FLM-SWTH pool went live on Friday, March 11.
The full announcement can be found at the link below:
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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