The Flamingo team has launched USDT and WBTC migration for users to convert from pn-assets to f-assets. Liquidity providers must migrate USDT and WBTC to continue receiving FLM rewards on the Flamingo vault module.
Migration of USDT and WBTC began at 8:00 a.m. (UTC) on March 12, and FLM rewards for the following pools began at 10:00 a.m.:
- FLP-fWBTC-fUSDT
- FLP-nNEO-fUSDT
- FLP-fWBTC-nNEO
The migration of USDT, WBTC, and WETH’s move last week, is part of an asset flow redesign announced in Feb. 2021 and voted into action in FIP #2. FIP #2 outlined a mechanism to correct price disparities between synthetic assets, among other changes, to make the Flamingo platform more user-friendly.
Flamingo has released a step-by-step guide to assist users through the migration process.
The announcement of the migration can be found at the link below: https://twitter.com/FlamingoFinance/status/1370316449496006662?s=20
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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