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Staking V2 Migration
Things to note:
- Only $KWENTA staked in the v2 contracts counts towards DAO voting power
- Only migrated $KWENTA will continue to earn inflationary or trade rewards
- V2 Staking has a 2-week cooldown
RewardEscrowV2 Proxy: 0xb2a20fCdc506a685122847b21E34536359E94C56
StakingRewardsV2 Proxy: 0x61294940CE7cD1BDA10e349adC5B538B722CeB88
EscrowMigrator Proxy: 0xC9aF789Ae606F69cF8Ed073A04eC92f2354b027d
Token holders must ensure they go through all steps of the migration flow in one go.
With the initial Staking v2 release, $KWENTA stakers can utilize several new features immediately.
Users may now transfer v2 escrow entries without vesting, allowing them to consolidate escrow balances, migrate staking to a new wallet, or secure entries in a compromised wallet while preserving their full balances.
All stakers should be aware of an unstaking cooldown period introduced in Staking v2, which discourages disruptive, short term actions such as buying votes or capturing fee revenue, and rewarding long term participation. At launch, this cooldown will be set for 2 weeks from the last interaction with the StakingRewards contract and can be changed via governance.
Staking v2 ensures that users who staked via smart contracts are not left behind. The new integrator contract support introduces additional functions to allow integrators and other contract-based stakers to claim v2 rewards.
Early vest fee distribution will start with the launch of staking v2
As proposed in KIP-42, Staking v2 introduces the
stakeEscrowOnBehalffunctions. These powerful functions, paired with allowing
delegation, empower individual stakers to utilize secure custom-built or third-party solutions to automate the compounding of rewards.
Recognizing the need for flexibility and adaptability, Staking v2 is built to be upgradeable. By utilizing the UUPS proxy standard, the Staking v2 contracts, specifically
RewardEscrowV2can be upgraded if required. Unlike immutable contracts, this upgradeability enables Kwenta the DAO to evolve and embrace future enhancements efficiently.