The swap interface for migrating your KWENTA tokens to SNX is now live. This migration unlocks opportunities to participate in the Synthetix system and DAO, where your SNX tokens can be staked and used to help govern the protocol.

Follow the simple steps below to ensure a smooth transition and start vesting your tokens today.

For more details about the unification with Synthetix, check out this blog.

Key Details About Token Vesting

• Tokens began vesting on November 12th, even if you haven’t deposited yet.

• Vesting occurs on a 3-month cliff, followed by a 9-month linear unlock.

• On February 12th, tokens begin to unlock.

• 9 months later, all tokens will be fully unlocked.

If you deposit your KWENTA tokens at any time, they will unlock according to this schedule. For example:

• If you deposit on July 1st, about half of your tokens will already be unlocked.

• If you deposit after the 9-month period, all tokens will be unlocked immediately.

We encourage everyone to deposit their tokens as soon as possible to ensure a smooth and complete transition.

How to Migrate Your KWENTA to SNX

Follow these steps to migrate your KWENTA tokens.

Step 1: Unstake Your KWENTA

1. Go to the Staking tab on Staking.

2. Unstake your liquid KWENTA. (Escrowed KWENTA will automatically unstake as it vests.)

Step 2: Vest All Escrowed KWENTA

1. Select the Escrow tab on Staking.

2. Check the box above your escrow entries to select all escrow entries.

3. Select Vest.

4. There is no fee for vesting, and your KWENTA will now be in your wallet as liquid tokens.

Step 3: Deposit Your KWENTA

1. Visit the KWENTA Migration Site.

2. Select Deposit to deposit all the KWENTA tokens in your wallet.

Step 4: You’re Done!

Your SNX tokens will vest on the schedule mentioned earlier. Simply return to the migration site to claim your SNX tokens as they vest.

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