MONEY Migrating to the Alternative Pool
MONEY Migrating to the Alternative Pool, Platypus announcing Moremoney is the new participant in PTParty because MONEY pool is moving from Factory Pool to Alternative Pool.
The move will take place on August 16 at 9:30 UTC. Make a note of the migration in your calendar and prepare ready for it! MONEY Migrating to the Alternative Pool
Will It Affect The Pool’s APR?
Definitely YES! The total APR of this pool will be much higher because of following updates: (1) Moremoney will QUADRUPLE (4x) their emission, and (2) they will provide boosting incentives for MONEY pool.
Remember to Migrate Your Funds to New MONEY Pool!
If you have funds on MONEY Pool, you will need to migrate your funds to the new pool. Here is a step-by-step guide on how to migrate:
1. If you currently have funds on MONEY pool, you will see a notification on the top section of your account informing you about the new contract being available.
2. On the Migration Page, you will see the total amount of staked MONEY in the old contract.
3. Follow the steps and approve the transaction in your wallet.
4. you’re all set!
ABOUT PLATYPUS
The Platypus Finance protocol is a single-side AMM (decentralized exchange) designed for exchanging stable cryptocurrencies (ERC20 tokens) on the Avalanche blockchain. Platypus, redefining Stableswap with novel single-sided liquidity provision. Low slippage, high scalability and superb UX. Exclusively on Avalanche.
ABOUT MOREMONEY
Moremoney is a protocol for borrowing stablecoin while earning more than decent interest on liquidity pool tokens and other collateral assets. The protocol can convert the most popular tokens, e.g., ETH, WBTC, USDT, AVAX, into ibTKNs.
SOURCE:
https://medium.com/platypus-finance/money-is-migrating-to-the-alternative-pool-4e781e5e7cee
