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.:


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: