Real USD is migrating to v3. If you missed the details on the new deployment, they can be reviewed here.
This article is meant to be a simple guide to navigate our users through the process of upgrading their USDR and wUSDR to v3.
Q: Is migration required?
A: Yes.
In order to continue to receive the native yield or provide liquidity on Pearl and other DEXs, you’ll need to migrate from v2 to v3. Yield will stop accruing to USDR v2 once v3 is deployed.
Below we’ll share some common swap scenarios, what the user experience will look like and how to navigate through the migration.
Our migration experience has been designed to be as simple as possible. Any USDR or wUSDR tokens in your wallet on a specific chain will be recognized by the migration system with the only user requirement to approve the transactions. The complete token balance will be migrated without the option to hold any of the old tokens.
MIGRATE NOW: https://www.tangible.store/migrate
POLYGON MIGRATIONS: USDR AND wUSDR
Users holding USDR and wUSDR natively on Polygon will have the most simple migration experience.
USDR and wUSDR held in the connected wallet on Polygon will be identified and the total displayed in the UI.
Users will need to approve the MAXIMUM amount of the USDR tokens in their wallet and then approve the migration transaction.
The experience will look similar for holders of USDR and wUSDR. The only difference being that the maximum value for both tokens will need to be approved in the DeFi wallet prior to migration.
Users swapping only wUSDR on Polygon will have the same experience as the USDR migrators, only for the wrapped version of the token.
CROSS-CHAIN MIGRATIONS: wUSDR
Users holding wUSDR on Optimism, Arbitrum, BNB Chain or Ethereum will need to connect to tangible.store on the chain currently holding the wUSDR they wish to migrate. Users with tokens on multiple chains will need to migrate each one separately.
The UI will identify the wUSDR held on a chain and allow users to migrate to the updated wUSDR on the same, non-MATIC chain. Like past flows, users will approve the max token amount in their DeFi wallet and approve migration transactions.
NOTE: Migration, bridging and unwrapping are all separate functions
Before users can bridge back to Polygon and unwrap wUSDR, they must first migrate on the chain the wUSDR is currently held. Only once that’s complete are bridging and unwrapping available for those tokens.
MIGRATION TIMELINE
Migration will begin at 00:00 UTC on July 27th. But users will have until the end of Aug. 2nd to collect yield and migrate before emissions epochs conclude for USDR v2. All users should be migrated for the start of the epoch on Aug. 3rd.
KEY DATES:
July 20th — 26th:
Last bribing Epoch for USDR v2 on DEXs
July 27th — Aug 2nd:
Last emissions Epoch for USDR v2 LPs
7/27 — USDR & wUSDR v3 deploy
7/27 — Cross-chain wUSDR using Tangible’s native bridge (powered by Layer Zero) deploys
7/27 — USDR & wUSDR v3 migration begins, UI deployed on tangible.store/migrate
8/2 — Final day to collect yield in USDR v2 pools
Aug 3rd — Aug 10th:
8/3 — USDR v2 no longer incentivized in DEX LPs
8/3 — Users to resupply USDR v3 liquidity on DEXs
8/3 — USDR v3 LP emissions commence on Pearl
8/3 — First bribing Epoch for wUSDR V1.5 cross chain on OP/ARB/BSC
Aug 11th — onwards:
First emissions Epoch for wUSDR v3 cross-chain on OP/ARB/BSC
