SLOFI Token Migration: A Step-by-Step Guide
Welcome to the next phase of your DeFi journey with Sloth Finance! This guide will help you seamlessly migrate your tokens to SLOFI, unlocking the potential of our innovative platform.
Let’s dive in and unlock the potential of SLOFI tokens together!
ℹ ️You can read more about the SLOFI tokens migration in this article.
SLOFI Migration Rate
As you prepare to migrate your tokens, it’s important to know the current migration rate. This rate determines how many SLOFI tokens you’ll receive in exchange for your SOY or CLOE tokens.
The migration rate is in the table below; Day 1 is set to the 1st of February 2024.
Step-by-Step Instructions
🕗 Important Note:
- The migration page goes live today at 8:00 PM UTC.
- The migration process officially begins on February 1st at 00:00 UTC.
- Visit the Sloth Finance website and access the platform.
2. Connect your wallet, then navigate to the “Migrate” option in the top menu.
3. Choose your migration path based on your current holdings:
- Direct Migration (SOY/CLOE Holders).
- Staking Migration (Staked SOY Holders).
- IDO Migration (IDO Investors).
4a. Direct Migration (SOY/CLOE Holders): Select your token, enter the amount you want to migrate, and review the SLOFI amount to receive. Click “Migrate”.
4b. Staking Migration (Staked SOY Holders): Select the “Staking Migration” tab and click “Migrate Staking.”
4c. IDO Migration (IDO Investors): Remember, you must use the same wallet you used during the IDO. To confirm your eligibility, please check here!
The interface will show the maximum number of SOY tokens you can migrate based on your purchase during the IDO.
To Migrate, enter the SOY token amount you want to migrate. The equivalent SLOFI amount will be displayed. Click “Migrate from IDO” to complete the process.
Token Lock Period and Distribution
Please be aware that after migrating your tokens to SLOFI, they will be subject to a 90-day lock period. Post-lock, you will receive 5% of your SLOFI holdings each month.
This gradual distribution is designed to maintain market integrity and steadily introduce tokens into the ecosystem.
Community Support
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