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How to Migrated Your Liquidity from Minswap V1 to Minswap v2
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- čas přidán 2. 08. 2024
- Minswap has upgraded to version 2 of its protocol, and anyone with liquidity in version 1 of its DEX is encouraged to upgrade to version 2, as more and more trades will start to flow through those smart contracts compared to version 1.
Fees generated will go to wherever the trades are done, and if that isn't the pool you're in, then you will miss out.
This tutorial will take you through why we need to migrate, the benefits of migrating, some things to keep in mind and how to do it automatically or manually.
Timestamps
00:00 Intro
00:48 Minswap v2 Announcement
01:20 Discount Batcher Fees
02:07 Why do we need to migrate liquidity
02:33 Overview and Caution
03:45 Zapping Into a Low Liquidity Pool
04:25 How to Migrate Your Liquidity from Minswap V1 to Minswap V2
05:18 Automatic Migration from V1 to V2
06:59 You need to restake to continue farming
08:27 Stake to Continue Farming
09:42 How to Manually Migration from Minswap V1 to Minswap V2
13:01 Get support
The announcement
x.com/MinswapDEX/status/18109...
Batcher fee discounts
x.com/MinswapDEX/status/18110...
DEX Hunter Integration
x.com/onewisemelon/status/181...
Need to upgrade
x.com/ElRaulito_cnft/status/1...
Minswap Tutorial for Migrating Liquidity
x.com/MinswapDEX/status/18107...
DISCLAIMER:
The content presented in this video is for informational purposes only and should not be construed as financial, investment, or legal advice. I am not directly affiliated with the project discussed and have not been compensated, either directly or indirectly, by the project or its affiliates. This includes monetary compensation, token allocation, or any other form of remuneration.
All opinions expressed in this video are solely my own and are based on publicly available information. Viewers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
I do hold $MIN tokens and am a liquidity provider across many pools on the DEX.
Investing in blockchain projects involves significant risk, including the potential loss of your entire investment. Past performance is not indicative of future results. The information in this video is subject to change without notice and may not be current or accurate at the time of viewing.
By watching this video, you acknowledge and agree that I am not responsible for any investment decisions you make or actions you take based on the information provided.
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Awesome tutorial!
Thank you!
hey, is it mandatory to migrate and if not, does it effect existing farm pool?
No its not, but if you don't, you may miss out on fees as most of the trades will go through V2 rather than V1.
@@LearnCardano good to know. thanks again. also if you do get the chance, please do make a video on some of the metaverse projects (like virtua) with growth potential. thanks again
Is it fair to say that if you have larger lp positions and didn't migrate them over manually, this process could take longer than you think? I can see the V2 lp positions, I just can't stake them yet. Kind of frustrating but trying to be patient.
It might yes. The large positions would have been divided into small chunks to migrate over to not have a massive price impact or be affected by slippage.
You ideally want it to move from one to the other all at the same price.
Doing it manually would have allowed you to take into account the amount of tokens and make sure the same amount went back in all in one go and force the process through.
Watch the orders as it may have slipped out or price range during the migration and you will need to cancel and do it again. I'd say manual is best in your situation.
@@LearnCardano Thanks mate. I've been so busy with work, I just kind of "did it" without looking into it. I appreciate your timely response. I assumed (wrongly) that it would just happen in an instant. I've been in Cardano since late 2017 and MIN since the beginning. I think I'll be alright, but sometimes that unknowing is extremely nerve racking. Keep up the great work, I've always enjoyed your content. Cheers!
It’s one rule I always try and follow. If I’m too tired or too busy I don’t touch crypto. That’s when I make mistakes.