The migration includes all JAV tokens associated with the address in use in your wallet, StakeX, CryoVault and Vesting. The opt-in period for the token migration is limited and a one-time event. Missing to participate, your JAV tokens will remain on DMC. This is a fully automated, irreversible process via Smart Contracts, with no further manual intervention possible.
The migration process consists of two key phases to ensure a smooth transition to Base. It is crucial to familiarize yourself with the steps and complete the necessary actions within the respective timeframes:
1️⃣ ThreeSteps to Complete Before 10th December 2024 – Prepare your wallet and claim any outstanding rewards in advance.
2️⃣ What Users Need to Do on Migration Day (10 Dec 2024) – Execute the migration using the Javsphere app’s UI, ensuring all assets are transferred seamlessly.
Follow this guide to avoid any interruptions or issues during the migration process.
1️⃣ Three Steps to Complete Before 10th December 2024
1. Claim All Outstanding Rewards from CryoVault & StakeX
Action: Ensure you claim all rewards from your freezer accounts.
Why: During the migration, the APR will be adjusted in several steps, which may result in lower rewards than previously expected. It is recommended to claim upfront.
Note: After claiming, your tokens will move to your wallet, which may slightly increase the circulating supply.
2. Fund Your Base Address with ETH for Gas Fees
Action: Add enough ETH to your Base address (it’s the same address as on DMC; just switch the chain to Base in your wallet).
Gas Fee Guidance:
For a few CryoVaults: ~$1 in ETH should suffice.
For many CryoVaults: It’s recommended to have ~$10 in ETH to avoid issues.
Check Gas Prices: Monitor real-time gas fees here: Base Gas Tracker.
Click on ‘Start Migration’ and execute the following 4 steps on DMC
All 4 steps require each time an approval/confirmation via your wallet (e.g. Metamask).
Best is to click the 'Continue' or other buttons only once and always wait for Metamask for the next step (Approve or Confirm).
Claim all freezer rewards
Approve maximum JAV amount for the migration contract
Why? This allows the migration process to transfer your tokens effectively.
Note: Make sure to not change the numbers within the 'Spending Cap' field. Don't click on 'Max'. Just click on 'Next'.
In case you are an Infinity Pass holder, approve the Infinity Pass NFT for the migration contract.
Burn all your JAV Tokens on DMC.
In the migration app you are able to see your JAV assets with StakeX, CryoVault, Vesting, Wallet and NFT (Infinity Pass) as well as your total JAV.
Switch to Base
Next you have to switch the network from DMC to Base to continue the migration on Base.
Finalize Migration Transaction on Base
Complete the process by executing a transaction on Base.
Note: Make sure you have ETH on Base to cover gas fees.
As soon as the migration is completed you will see the information that the migration is completed.
General Migration Terms
Rewards During Migration:
Rewards on DMC will stop at the migration start date.
Rewards on Base will start 7 days after migration begins (excluding Vesting Freezer rewards).
Cliff Period:
A 6-month cliff applies to all vesting tokens. Vesting resumes in June 2025.
Timeline:
Start Date: 10th December 2024
End Date: Migration window lasts for 6 months, ending on 9th June 2025
Infinity Pass Holders:
Your Infinity Pass will be seamlessly migrated and activated on Base. Ensure you approve it for the migrator contract.
Token Conversion:
All tokens are migrated at a 1:1 ratio. Tokens left on DMC will not receive rewards or participate in future developments.
Please refer for more information to the Migration Terms and Conditions: Migration Terms
All 4 steps require each time an approval/confirmation via your wallet (e.g. Metamask).
