HappyHippo migration plan for Pancakeswap MasterChefV2.

Greetings, HappyHippo users.

Pancakeswap DEX, whose LPs Hippo automatically compounds and optimizes for you, is upgrading its MasterChef smart contracts to V2.

https://twitter.com/PancakeSwap/status/1514783899863625728?s=20&t=PZkrAnJQTLddfhphAJTqAw

The migration is scheduled to begin at 0900 UTC on April 20th.

This is good news because it would mean the Pancakeswap’s LP Farms APR will likely increase, as will the yields on Hippo’s vaults. This does mean, however, that your LP tokens invested in Hippo will earn no yields for a period of time. We anticipate that period to be between 24–72 hours, as we at Hippo prefer to err on the side of caution and hence will not immediately deploy the new migrated vaults; instead, we will wait for >24 hours to ensure that everything is working fine in the new Pancakeswap ecosystem.

In Hippo’s user interface, the old masterchefV1 vaults will be labeled with a “OLD” (Old Expired) ribbon in the top right card corner, while the new vaults will be labeled with a “V2” ribbon.

Once Hippo’s V2 vaults become accessible, you’ll need to withdraw from your existing V1 vaults and re-deposit in the new V2 vaults to continue receiving yields. The V2 vaults will be deployed in phases of around four new vaults every phase, beginning with the vaults with the highest TVL. As a result, not all vaults will be immediately accessible via V2. If the vault in which you deposited in does not yet have a V2 counterpart, you can either withdraw or just wait a few days for it to become available in Hippo.

The Hippo development team will work meticulously to make this transition as painless as possible for all users; we appreciate your support and belief in Hippo.

If you have any further question, you can ask in our telegram group

https://t.me/happyhippogroup

Sincerely,

HappyHippo Team

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HappyHippo autocompounds your LP farming reward at the lowest fee; we are the Vanguard of Crypto and Defi. Our Cake is not a Lie.

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Happy Hippo

HappyHippo autocompounds your LP farming reward at the lowest fee; we are the Vanguard of Crypto and Defi. Our Cake is not a Lie.