CUB V2 Migration Day Has Begun! | Tutorials, Impacts & More
The day has finally arrived! We've migrated our vaults, operations and interface to handle V2. Now it's time for CubFinance users to handle the migration on your end.
This entails migrating V1 to V2 liquidity ONLY if you are in any of the 4 listed vaults (note: CUB Kingdom and any other vault not listed here DOES NOT need to migrate):
V1 vs V2 Confusion:
Our team relies heavily on User Feedback for every aspect of the project. One of the most visible questions was about the links to add liquidity. We saw this issue first when we added CAKEPOP-BUSD - with users confused about whether to add liquidity on PCS or CubDeFi.
With this migration, we wanted to ensure this wasn't an issue. We've currently got a V2 AMM built but to avoid confusion, we're launching this migration only with our old V1 AMM and then linking out to PancakeSwap for V2 liquidity!
We believe this will make it easier for everyone to distinguish V1 from V2 during migration. Once the migration is over, we'll deprecate our old V1 UI altogether and then replace it with the new V2 UI.
By sending people to PancakeSwap for Migration to V2, we've made it much easier to understand:
- If you're adding or removing liquidity on exchange.cubdefi.com.. then you're interacting with V1 liquidity only!
- If you're adding or removing liquidity on pancakeswap.finance.. then you're interacting with V2 liquidity only!
Again, for Clarity!
If you're removing liquidity from V1, then your UI should look like this:
If you're adding liquidity to V2, then your UI should look like this:
How to Migrate from V1 to V2
We've released two guides so far showing you how to migrate liquidity from CUB V1 to CUB V2 Vaults.
The first is available on the CubFinance Docs: https://docs.cubdefi.com/how-to-migrate
The second is in our last post about the V2 migration:
A third guide (video) will drop shortly after this post: (we'll link it here when it becomes available)
We've Spent the Past Few Days Making the Process As Smooth As Possible
We did our best to add as many V1 and V2 labels and links everywhere on the UI. We tested all the links and made sure they're pointing to the proper V1 and V2 locations. Also spent a few days putting together a number of guides to help anyone who might be confused.
If you read our tweet thread from yesterday, then you also saw that we chose a time to launch today when as many team members would be online as possible. This is to handle any technical issues that might arise and also any support questions.
Our goal today is to not only migrate from V1 to V2, but test our newly expanded team and our ability to deliver our smoothest launch yet.
We had a launch checklist today and checked it twice. Ensuring all the right pieces were in order. This is how we are approaching launches in the future and our aim is - as it always has been - continuous evolution and improvement in all of our procesees.
Questions, Concerns, Issues?
Please reach out. Listed in order, these are the best ways to get quick support:
- Comment beneath this post
- Tweet @financeleo
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