Conversation

SBF
@SBF_FTX
4) Once migration unlocks, we will begin one final round of tests. The reason is that we will then be able to test against a the actual fully unlocked blockchain ready to be migrated. While we don't anticipate any issues, we want to be extra sure.
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SBF
@SBF_FTX
5) These last tests will likely take around an hour to complete, depending on blockchain congestion. Assuming those are completed as expected, we'll then begin the real migration.
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SBF
@SBF_FTX
6) The first pool to migrate will be CRV/ETH, after which we'll confirm that the new Sushiswap pool is functioning. We'll then go pool by pool, migrating current stakers.
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SBF
@SBF_FTX
7) We'll migrate every pool but BASED, which will be left behind because of its rebases. There is no point to keep staking in SUSD/BASED for Sushi, although the migration will not impact it.
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SBF
@SBF_FTX
8) Once the migration has been completed, SUSHI rewards will flow to the new Sushiswap pool stakers.
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SBF
@SBF_FTX
9) If you keep staking, you will be automatically migrated and participate in Sushiswap. If you stop staking prior to migration you will stay behind in Uniswap and cease to receive rewards.
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SBF
@SBF_FTX
11) Once migration has been completed, the new Sushiwap AMM pools will be live, and trading will commence! Furthermore, 5bps on every trade will flow to SUSHI holders.
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SBF
@SBF_FTX
13) FAQ: a) does this affect my SUSHI holdings on exchange? NO b) how about impermanent loss? The price of pools will be preserved through migration. c) Will SBF, personally, be migrating? YES d) What's the future of Sushi? That's up to you guys!
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