This guide is released before the migration begins, allowing APW and veAPW holders to familiarize themselves with the process and interface in advance.

General information

The migration bridge will remain open until December 15th, 2025, providing APW and veAPW holders with ample time to complete their migration.

Information about the migration process and deadline will be shared throughout the year via Spectra’s official communications channels, including Twitter, Discord, and the Mirror Blog, and necessary tools accessible in the Spectra App.

Perspective SAS, Spectra’s development company, coordinates with token information aggregators like CoinMarketCap, CoinGecko, and DeFiLlama regarding the migration and SPECTRA token details. However, the new data may take some time to be reflected across all platforms.

Advanced users, multi-signature wallets, and holders of veAPW and APW via means other than standard EOA can migrate to a different wallet address.

Essential Information for APW Holders

The token split follows the 1:20 ratio, meaning for every 1 APW, you’ll receive 20 SPECTRA units.

The ratio remains fixed at all times, meaning APW holders can migrate at their own pace while receiving a predetermined number of SPECTRA units unaffected by either APW's or SPECTRA's market valuation.

Users can migrate APW to SPECTRA from any network, whether they hold APW on Ethereum Mainnet, Polygon POS, Arbitrum, or Base. This eliminates the need to move APW to Mainnet in advance. A migration can be executed from any network via the Migrate Page.

After the APW migration, SPECTRA tokens will be available on the Base Network. In some wallets, users must switch the network to Base to view them or manually import the token contract.

Users can migrate using any wallet - MetaMask, Rabby, Rainbow, Coinbase Wallet, WalletConnect etc. as long as they hold APW or veAPW.

SPECTRA tokens adhere to the ERC-20 standard and are transferable immediately after the migration. The SPECTRA token icon looks identical to APW.

The following section is for users migrating APW only. The instructions for veAPW holders are later in this article. Reviewing this section is recommended for a comprehensive understanding of the Migrate Page interface.

Step-by-Step APW Migration

Upon opening the Migrate Page, you’ll see the following panel:

Upon connecting your wallet, the left panel will display the wallet’s veAPW and sum of APW balances on all networks. The box underneath, titled “My SPECTRA Balances” is where you’ll see your SPECTRA and veSPECTRA after the migration.

The box underneath will contain links to the SPECTRA and veSPECTRA contracts. It also outlines key information about the migration, such as the token split ratio and bridge deadline.

Let’s look at the key module where the migration process takes place.

The module consists of two interactive fields: a dropdown selector, which includes a list of APW on all networks and veAPW, and an input field for specifying the number of tokens to migrate.

Underneath, the output area displays SPECTRA or veSPECTRA and the number of token units you’ll receive.

The bottom area of this module contains a step-by-step progress section that will assist users on the migration journey. Since a token migration is not an ordinary DeFi experience, users are informed upfront about the number of expected steps and the stage they are at.

Once the user enters the number of APW they are comfortable with*, the SPECTRA units field will alter accordingly, following the 1:20 ratio.

*Users can migrate APW in tranches. Since token migration is not a typical on-chain activity, users can start with a smaller amount to familiarize themselves with the process.

The [Migrate] button will only turn green when users enter the number of APW units within their wallet’s balance. Once clicked, a token approval step is expected in the user’s connected wallet, which allows the migration contract to use APW.

Once approved, the progress area will move on to the next stage, highlighting the “Confirm Bridge Transaction”. No additional user interaction is needed with the Migrate button, as the wallet will automatically bring up the transaction confirmation window. The most common wallet button label for this transaction type says “Confirm” or similar. Once clicked, the migration will begin.

The expected confirmation and the successful bridge time heavily depend on the prevailing congestion of the input network (e.g. Ethereum Mainnet) and the bridge processing time, which can take approx. 5-10min, or longer, to finalize.

After a successful migration, the final progress step will highlight “Bridge Complete” - meaning that SPECTRA tokens are viewable* and immediately transferable.

*In the early migration days, some wallets will not recognize the SPECTRA token, meaning users must manually import the SPECTRA token contract to see it in their wallets. Every wallet has a different way of importing a token, and it is advised to get familiar with this process in advance.

The SPECTRA token contract will be provided on the Migrate Page and in official announcements.

Essential Information for veAPW Holders

The veAPW -> veSPECTRA ratio is 1:10.

The veSPECTRA max lock duration is 4 years, and the veAPW is 2 years; hence, migrating 1 veAPW results in 10 veSPECTRA. The governance power remains unchanged after migration, and the veSPECTRA holder will not be diluted during or after the lock's expiry.

The veAPW lock duration will be ported to veSPECTRA.

Given the above, let’s see an example: If your 100 veAPW unlocks in 450 days, you’ll receive 1000 veSPECTRA unlocking in 450 days.

The 1:10 ratio remains fixed at all times, meaning veAPW holders can migrate at their own pace while receiving a predetermined number of veSPECTRA units unaffected by either APW's or SPECTRA's market valuation.

Step-by-Step veAPW Migration

When veAPW is selected from the dropdown, holders with a lock ending after the bridge deadline can proceed with migration to veSPECTRA in a similar manner to APW migration.

Note: When migrating veAPW, token approval is not required.

Users with veAPW lock expiring before the bridge’s deadline will receive immediate notification and must either extend the lock period or wait for the unlock date before migrating.

The need for this action arises from the technical limitations of veAPW, which cannot be burnt or frozen. Consequently, veAPW holders could unlock their APW tokens before the bridge's deadline, even after migrating to veSPECTRA. In other words, they could still retain the right to unlock APW from their original veAPW while simultaneously holding the newly minted veSPECTRA.

To prevent this unfair scenario for other ecosystem participants, veAPW holders whose lock ends before the bridge’s deadline must extend it or wait until it is unlocked and proceed with standard APW migration.

Since veAPW lock extensions operate on a weekly cycle, the extension must be at least December 22, 2025, or beyond.

Unlock Period Management

To check the unlock date, access the V1 App: Navigate to old.spectra.finance → Manage Locked APW → Increase Time tab:

For holders opting to wait for the unlock date, it is important to complete migration before the bridge’s expiry on December 15th, 2025.

Tracking Bridge Transactions

At the bottom of the migration module, an external link titled [Migration history and status] leads to a tracker powered by Layerzero Scan, in which APW and veAPW holders can preview the status of their submitted bridge transaction(s).

The bridge transaction can range from 5 to 10 minutes or longer, depending on network congestion and bridge processing time. Once completed, the status will show ‘Delivered’.

Adhering to the guidelines outlined in this article ensures a smooth transition to SPECTRA and veSPECTRA tokens.

Key contract information and additional resources will be available on the Migrate Page and in the official migration article published at the start of migration.

For any troubleshooting, opening a support ticket is possible anytime via Spectra’s Discord: https://discord.gg/e2PfbPenMB