CIP001 — CLAM v2 migration

Goal

Process

  1. Go to https://app.otterclam.finance/#/migrate (will be availabe at 2021/11/20 0:01 UTC)
  2. Claim your CLAM in warmup (if any)
  3. Unstake sCLAM
  4. Migrate to CLAM2
  5. Stake CLAM2 and enjoy!

Notes

  • Migration starts at epoch 53 — 2021/11/20 0:01 UTC.
  • The staking warmup will be set to 0 at 11/19 16:05 in epoch 52 — This is so that the staking rewards that are still being earned by CLAM in the epoch 52 warm-up will not be affected by the migration.
  • The bond selling of v1 will stop at 11/19 16:05.
  • The final staking reward of CLAMv1 will be distributed at the end of epoch 52 — 2021/11/20 0:00 UTC.
  • The staking reward at the end of epoch 53–2021/11/20 8:00 UTC will be distributed to CLAM2. You will have 8 hours to perform the migration without losing any rebase reward.
  • If you missed epoch 53, you will lose the rebase reward.
  • The new symbol for CLAM is CLAM2 which is to temporarily make it easier for Otters to identify when migration is occurring. The symbol for sCLAM will also change to sCLAM2 temporarily. After most Otters have finished the migration process, we’ll update the symbols back to CLAM and sCLAM (~1 week later).

For Bonders

  1. Redeem your bond(s) from v1 bonds as CLAM
  2. Migrate from CLAM to CLAM2
  3. Stake CLAM2 and chill

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