Migration from Arbitrum to WINR Chain
The key steps towards migration from the Arbitrum to WINR Chain, providing a smooth transition for all participants involved in the process:
Unstaking Fee Removal: During the final stage of the staking process for Arbitrum, the protocol will exempt the unstaking fee for WINR, enabling participants to withdraw their tokens without suffering any penalties. This way, the migration will be seamless, and the transition of the assets of the users to the new system on the WINR Chain will be facilitated.
vWINR Contract Suspension: The staking contract of vWINR will be frozen on Arbitrum; staking, in effect, will be halted on that platform. All of the vWINR tokens will remain on Arbitrum but will be mirrored and integrated into the new WINR Chain staking system in order not to disrupt the continuity.
Handling of Current Stakers and Vestors:
Indefinite Stakers: Addresses that have staked vWINR without fixed vesting are allowed to migrate automatically into the new system with a 180-day lock-up period on the WINR Chain. This ensures that long-term participants retain their weight in the pool, thereby preserving their investment.
Completed Vested Stakers: Every address that completed the vesting period in Arbitrum will be weighted with the equivalent of 180 days of lock time in this new system, valued for past commitment.
Ongoing Vested Stakers: Those still vesting will be converted in regard to staking weight and remaining lock period in the new system, which ensures a seamless transition with full respect to their current staking status. Introduction of Lock Periods on WINR Chain.
Flexible lock duration: The new staking logic allows participants to stake WINR tokens for a period that they prefer, which can be between 7 days and 180 days. Such freedom will provide users with an excellent opportunity to maintain their staking strategies in correspondence with their personal preferences and current market conditions. In such a way, it is possible to create an individual approach to the receipt of rewards.
Weight-based profit distribution: The staking weight feeds in both the lock duration and the amount of WINR locked and forms the very basis of a profit share that a participant gets. It ensures, through this weight-based system, that participants committing larger sums of WINR for longer are proportionately rewarded, thereby building a solid and steadfast staking community.
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