Converting WEMIX Classic (WEMIX) to WEMIX 3.0 (oWEMIX)

KLAYswap
KLAYswap
Published in
3 min readAug 29, 2023

KLAYswap offers a WEMIX Converter function for 1:1 conversion of WEMIX Classic (WEMIX) to WEMIX 3.0 (oWEMIX). Using this function, users can convert WEMIX Classic in their wallet or pools to WEMIX 3.0 without having to use any other platforms. Once the assets have been converted to WEMIX 3.0, they are ready to be used for deposits. Use this function to join the oWEMIX+USDT V3 pair deposit.

WEMIX & oWEMIX

Token Address: 0x5096db80b21ef45230c9e423c373f1fc9c0198dd

The Wemix Classic token is a renamed version of the WEMIX token that previously existed on the Klaytn blockchain, and it differs from WEMIX of WEMIX 3.0’s mainnet. KLAYswap currently supports the WEMIX Classic token for Single Deposit, V2 Pair Deposit, Plus deposits, and Long/Short Position Deposit. Also, users can withdraw their WEMIX Classic assets and convert them to WEMIX of the WEMIX 3.0 mainnet. For instructions on converting the asset, please refer to the guidelines below.

Token Address: 0x67cb285790bb9f5dce728f80a3104a2297df2bb2

oWEMIX asset is a bridged asset that was bridged to the Klaytn network from WEMIX 3.0 mainnet using Orbit Bridge. Users with WEMIX Classic assets who want to deposit in the new oWEMIX+USDT V3 pair deposit pool (V3) can use KLAYswap’s WEMIX Converter to convert WEMIX Classic into WEMIX 3.0 mainnet WEMIX.

▶ [V3] oWEMIX+USDT Pair Deposit

* oWEMIX Single Deposit and oWEMIX position deposit functions will be updated.

WEMIX Conversion Guide

Check the following precautions before converting WEMIX.

WEMIX Conversion Precautions

1) Users can convert Klaytn network’s WEMIX Classic (WEMIX) token to WEMIX mainnet’s oWEMIX token. (1:1 Ratio)

2) Converted WEMIX (oWEMIX) cannot be converted back to WEMIX Classic (WEMIX), but swapping (trading) is possible.
3) Klaytn Chain fee is the only fee charged when converting.
4) The converted oWEMIX can still be used to supply liquidity and receive incentives on KLAYswap.

1. Move to the [Swap] menu and select “WEMIX.”

2. To Token: Select oWEMIX.

3. Once “From: WEMIX, To: oWEMIX” is selected, the screen will switch to Converter mode, and users can fill out the amount of WEMIX to convert, then press the [Convert] button.

4. Press the [Approve] button to approve the WEMIX token transaction. Click the [Convert] button after completing the approval transaction. Users can check the converted oWEMIX in their wallet after the transaction is complete.

* Users must approve the amount of WEMIX to be converted when setting the spending limit.

--

--

KLAYswap
KLAYswap

KLAYswap is an AMM-based swap protocol that allows users to swap any KCT token on the basis of KLAY. The active website is https://klayswap.com