The time has come to migrate Flamingo from Neo Legacy to the world’s most advanced blockchain, Neo N3. The migration will start on 30th November 2021.
The migration happens in three phases over a month, so your stakings on Neo Legacy still earn you yield after 30th November.
The minting will start some days after the migration.
How will this affect me?
If you are currently using Flamingo to earn yield you will experience that the minting rewards on the Legacy platform will decrease over a period of 30 days.
The schedule will be as follows:
- Day 0 to 10: 25 % minted on N3 and 75% on Legacy.
- Day 11 to 20: 50% minted on N3 and 50% on Legacy.
- Day 21 to 30: 75% minted on N3 and 25% on Legacy.
- Day 30+: Minting stops on legacy and all minted FLM will be on N3.
How do I migrate?
We have made guides for you on how you can move your assets from Neo Legacy to Neo N3.
N3 Migration guide
This guide will help you step by step to migrate your assets.
For a video version of the guide look here:
Will the pools be the same on N3?
Some changes will be made to the pools as we move to N3. New staking pools that will help the utilization of the FLM token, will be introduced. These pools will also increase the swapping efficiency for some pairs. In the image below you can see the new pools with the new allocations.
The new pools are listed in the table below. The percentage is the amount the pool will receive of the total daily minted FLM.
This image shows the distribution of minted FLM, not the APY
Switchieo (SWTH) token is not on N3 now and the FLM-SWTH pool won't be available until the SWTH token is available on N3.