Factor Docs

Migrate to Governance V2

Migrating to the new governance model involves a simple and structured process to seamlessly make the transition. Here's a detailed step-by-step guide on how this migration works:

Step 1: Migrate to Governance V2

  • Click the "Migrate Now" button to initiate the migration process
Step 1: Click 'Migrate Now"

Step 2: Unstake from V1

  • Initiate the unstaking process by clicking ‘Unstake FCTR Tokens’. Please note there are no penalties for unstaking during this transition.
Step 2: Click 'Unstake FCTR Tokens'

Step 3: Stake in Governance V2

  • Choose your desired lock-in duration, aligning it with your strategic goals and commitment level.
  • Stake your unstaked $FCTR tokens in the new contract by clicking ‘Stake in V2’
You have now successfully migrated your staked position to the new governance system.