Dear Community.

05 Aug 2024, 02:36

Dear Community If you are not LPs in FRAX-DAI or FRAX-USDC Uni v3 gauge, you can safely disregard this message as this is for LPs that wish to migrate to Fraxtal. Per FIP-379 The QuitCreditor has been enabled for Uniswap V3 FRAX/DAI and Uniswap V3 FRAX/DAI. This means you can choose (but are not forced) to immediately exit certain positions and receive FXB20291231 on FXB at a rate of 1 FXB per $0.806 of UniV3 value (~1.25 FXB per $1 of UniV3). Upon maturity, the FXB will be redeemable 1-to-1 for FRAX. The NFT will be unwound and the proceeds collected by Frax Protocol. This is not reversible if you choose to migrate. The process is as follows: 0) MAKE SURE you have access to your identical address on Fraxtal to receive the FXB tokens. If not (e.g. you are a Gnosis Safe), you will have to do Step (6) manually (on Etherscan or otherwise) and specify the recipient address you want on Fraxtal. We hope to improve the UI with this feature. 1) Go to (FRAX/DAI) or (FRAX/USDC) 2) Wait for your positions near the bottom of the screen to load. This may take a few seconds. 3) Under the Actions column for the stake you want to "Quit", click "EXIT TO FRAXTAL [XXX.XX FXB20291231]" 4) You will be prompted first to allow the QuitCreditor contract to "migrate" for you 5) Next, you will be prompted to collect your entire rewards. 6) After this, you will finally be prompted to execute the quit. 7) Wait a few minutes 😍 Your address on Fraxtal should now have some FXB20291231 tokens. You still have the option to wait until your lock expires, whereupon you can collect your UniV3 NFT and do with it as you please. Otherwise, migrators can enjoy Fraxtal yield, FXTL points opportunities, and more immediately with your FXB tokens.