Curve Gauge is live! Migrate your CNC/ETH liquidity
The CNC/ETH Curve factory pool gauge is live! Users can now earn CRV in addition to CNC rewards by staking their CNC/ETH LP tokens on Convex. With Conic’s upgraded liquidity mining incentives now being live current LPs should migrate their liquidity as described in the guide below.
Overview
As discussed over the past month in the Conic governance forums, the Conic AMM staker is being shutdown. Meaning, CNC rewards will no longer be distributed to users who have their LP tokens staked on Conic. Rather, CNC and CRV rewards will now be distributed directly to CNC/ETH LPs on Curve. Furthermore, LPs can now stake their CNC/ETH LP tokens on Convex to boost their CRV rewards and additionally earn CVX.
Migration
Users who have CNC/ETH LP tokens staked on Conic can migrate their liquidity seamlessly via the following steps.
- Unstaking LP tokens on Conic:
- Go to: https://conic.finance/
- Click the “Stake” icon and then the “Unstake” tab
- Unstake all of your CNC/ETH LP tokens
2. Restaking LP tokens on Convex:
- Go to: https://www.convexfinance.com/stake
- Find the CNC/ETH pool
- Stake your LP tokens
Rewards
CNC is now directly distributed to the Curve gauge as extra rewards and all rewards claiming will now be done on either Curve or Convex. LPs must migrate in order to continue earning CNC. All previously unclaimed CNC rewards can still be claimed in the old staking contract via the Conic UI.
Please note that the CNC/ETH gauge will not be eligible to receive CRV/CVX rewards for the first week that it is live. Following next week’s Curve gauge vote, LPs will start earning CRV and CVX in addition to CNC.
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