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  1. PRODUCT
  2. V3 Pool
  3. V2 to V3 Migration

V2 to V3 Migration Policy

Migration Policy

1) Migrating from V2 pool to V3 pool usually involves the following steps:

Approve (asset approval) - remove asset from V2 pool - supply asset to V3 pool.

2) In order to remove assets, you must have an LP NFT asset, corresponding to the supply certificate, in your wallet and the NFT asset approval transaction must be completed. When a transaction is executed on the Klaytn chain, a fee is incurred. It is the wallet (key) owner's right to transfer the LP token asset; therefore, if the asset is transferred to another wallet, it cannot be removed.

3) During the removal process, the difference between the price at the time of supply and removal may result in asset loss. Due to balance changes, your wallet will automatically receive all rewards distributed up to that point (pool usage fee profit, KSP, airdrop tokens, etc.).

4) Removed assets are automatically supplied at an optimal rate based on the pool exchange rate of the price range the user selects by the smart contract.

5) Assets removed from the V2 pool are supplied into the V3 pool at maximum, based on the price ratio selected by the user.

6) When supplying in a new V3 pool price range, supplies are only permitted within the transaction range (Slippage) set by the user, and if the range is exceeded, the supply transaction may not proceed. Please proceed with the supply after checking all related information in the estimated returns section at the bottom.

7) Some assets (wei) may remain after supplying to the V3 pool, and the remainder will be automatically returned to the user's wallet.

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Last updated 10 months ago