Pancakeswap V2 and Koala DeFi last liquidities move to ApeSwap DEX
Hey Koalas !
On this Friday 23rd April at 5AM UTC, Pancakeswap will migrate to V2. More detailed information here.
Many yieldfarming projects will be affected by this migration because they will have to change their LPs from old Pancake LP to new V2 Pancake LP.
At KoalaDeFi, we’re very happy to announce that this change will mostly not affect us.
Why does this big change does not affect us ? Because we already move a big part of our liquidities to ApeSwap DEX few weeks ago. Read more about this here.
The only last liquidities that we didn’t move to ApeSwap were coming from 2 farms : USDT-BUSD & CAKEWBNB. We kept these farms on Pancakeswap to be fair with people who paid deposit fees to get inside these farms.
This Pancakeswap V2 is the opportunity for Koala DeFi to move our last liquidities to ApeSwap and have 100% there! As users need to remove their liquidities from Pancakeswap to build new one it’s the right time to make this final move!
So here is how we will do this :
Steps to move
You can refer to this blog post for the procedure : https://koaladefi.medium.com/step-by-step-guide-to-move-lp-from-pancakeswap-to-apeswap-c28cff9105ac
- This Friday 23rd April around 3PM UTC, we will deactivate the two farms USDT-BUSD & CAKE-WBNB
- At the same time, we will add 2 new farms with new pairs from ApeSwap : USDC-BUSD & CAKE-WBNB. Yes, USDC and not USDT. There’s no pair with USDT-BUSD on ApeSwap
- We will keep the same allocation for these farms, so basically APRs will be the same.
- To be fair with people who will make this move, we will set deposit fees on these new farms to 0% for about 24 hours.
- 24 hours later, deposit fees will be set to back to previous values.
What happens if I don’t make to move within the next days ?
No problem! Don’t panic, your funds are SAFE!
You will always have the opportunity to unstake later and you will find old farms on the inactive tabs. You will be also able to remove your liquidities on Pancakeswap later.
The only difference is that you will not have your LYPTUS rewards anymore on the inactive farms.
