DuckDAO
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DuckDAO

DuckFARM 2.0 Upgrade

The DuckFARM 2.0 upgrade to activate farmcubations, fix minor bugs, and enable the stable growth of the DuckDAO ecosystem is ready for launch. In order to perform this upgrade, a new smart contract was deployed and the DUCK token needs to migrate to the new smart contract.

We’ve activated the emergency withdrawal features and prepared a streamlined process using three transactions for DUCK farmers to use and transfer their LPs to the new smart contract securely.

If you follow the process step-by-step, you will not burn your DUCK or DDIM.

In order to compensate DUCK farmers for the transactions, we have started a three and a half days long rewards increase. The rewards increase is equivalent to a peak week, only the duration is changed.

Please read the entirety of this article before proceeding and make sure you understand each step.

In order to avoid creating a new token, we had to mint all of the remaining DUCK tokens from the original farm smart contract. These tokens will be reinstated in the new smart contract and it will continue to operate as originally intended.

The only difference is that coin trackers such as CoinGecko will now register the total supply as 100 million DUCK minus total burned DUCK. We will talk with Coingecko on this topic after the migration is finished.

Why does DuckFARM need an upgrade?

In order for DUCK to remain competitive during this bull run, we believe that DUCK utility must be improved. We are doing this through the introduction of farmcubations, where DUCK holders can spend their DUCK in exchange for project access.

You can read more about the Farmcubation here.

The smart contract upgrade will also introduce a minor bug fix, gas optimization, and better performance.

Migration details

You have six days to harvest your rewards before DuckFARM 1.0 is no longer supported. The migration will be available forever. We encourage all DUCK farmers to migrate as soon as possible and take advantage of the three and a half days of “peak week” rewards across all pools.

You will need enough ETH to go through the migration process, so make sure that your wallet is topped off. If you are farming more than one pool you will have to repeat this process for each pool.

Migration costs at GWEI 140:

  • Harvest: 20–25$
  • Migration Step 1: 7$
  • Migration Step 2: 9$
  • Migration Step 3: 15$
  • ETH required: ~0.05

How do I migrate my DUCK LPs?

You will notice that the DuckFARM website is now changed and you have the option to select “Upgrade to Farms 2.0.” Pressing this button will start the migration process.

If you have a DUCK harvest pending, make sure you harvest your rewards, otherwise, you will lose access to them after the migration.

Migrating to DuckFARM 2.0 is simple and easy. You just have to follow this step-by-step process.

IMPORTANT: Do not close your window until your migration is fully complete!

If you have a DUCK harvest pending, make sure to harvest your rewards before proceeding with the migration. Simply press “Harvest” and execute the transaction.

To continue with the migration, press “Migrate.” There are three transactions necessary to execute the migration securely.

The first transaction is the approval of the Farm 2.0 Pool for your wallet. This helps establish the foundation for the transfer. Accept the transaction, wait for it to complete, and go ahead with the next step.

Don’t close your window during the migration process.

With the Farm 2.0 pools activated you can now transfer your LP tokens to the new pools without burning DUCK. Accept the transaction, wait for it to complete, and go ahead with the next step.

Don’t close your window during the migration process.

❗️❗️❗️ Important: This step will call an “Emergency Withdraw” transaction from MetaMask, enabling you to securely transfer your LPs to the new smart contract. We are letting you know to expect this. Do not close the window, and do not reject the transaction! ❗️❗️❗️

Now that your LP tokens have been successfully transferred to the new smart contract, this final transaction will integrate them with the new pools. Accept the transaction, wait for it to complete, and go ahead with the next step.

Don’t close your window during the migration process.

With these three transactions, your migration is complete.

DuckFARM v2.0 pools will be active starting from Ethereum block 11615050.

The new smart contract address that holds the remaining DUCK tokens is 0x7f9646924cCB5835870A05b370706a0904CE40E5

You can use this link to access the live countdown.

Find Out More About DuckDAO🐥

DuckDAO is a community-backed digital asset incubator that provides promising early-stage crypto startups with the expertise, financial resources, and marketing power needed to fast track their progress on the path to success.

Who will win? One VC or ten thousand ducks?

Official Links:

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DuckDAO is a community-backed digital asset incubator that provides promising early-stage crypto startups with the expertise, financial resources, and marketing power needed to fast track their progress on the path to success.

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