📗Migration liquidity to the new vaults for SYK, plsSYK and esPLS rewards
This guide explains how to migrate your liquidity to the newly launched vaults to receive Stryke’s Gauge rewards (SYK and plsSYK) and Plutus’s one-month bonus rewards (plsSYK and esPLS).
Plutus’s bonus rewards start on February 18th. The rewards for the first week are as follows:
10k $plsSYK
50k $esPLS
Potential return: Assuming a 20% Migration Rate, the reward would be about 49% APR.
Stryke will distribute 50K $SYK to the new vaults once the Stryke gauge goes live.
Potential return: Assuming a 30% Migration Rate, the reward would be about 71% APR.
You can check the details of the campaign here.
Step 1: Redeem the remaining liquidity
1: Revoke Approvals
Visit Revoke.cash and revoke all approvals to the old Orange contracts before redemption.
2: Redeem Old Vault Assets
Go to the Redeem site and redeem any assets remaining in the old vault.
Click the Redeem button and receive the asset.
Step 2: Deposit into the new vaults
1. Select a New Vault
On the app page, find the list of new vaults and open the details page for the vault you want to join.
2: Swap Assets (If Needed)
Use the aggregator to swap for any required assets.
LiamaSwap:
1inch:
3: Approve & Deposit
Set approval to the new Orange vault contracts and Complete your deposit to the new vault.
If you’ve completed all the steps, you’re all set!
You’re now eligible to earn the new Stryke Gauge rewards and Plutus bonus rewards.
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