Arbitrum Migration Update!
As we announced before, after careful research and analysis, we have decided to migrate our protocol from Juno Network to Arbitrum, a cutting-edge and scalable Ethereum Layer 2 solution.
Why Arbitrum? Arbitrum offers a plethora of benefits, including reduced transaction fees, faster confirmations, and improved scalability. By transitioning to Arbitrum, we aim to provide you with a seamless and cost-effective ecosystem for all your blockchain needs.
Prepare for a Smooth Migration:
Before we proceed with the migration, we encourage you to take a few preparatory steps to ensure a smooth transition:
- Download Metamask wallet to support Arbitrum and the bridging functionality.
- Securely back up your private keys or seed phrases to safeguard your assets.
- Clear any pending transactions on Juno Network to avoid potential conflicts during the migration.
Bridging Your Assets:
The migration process will be simple and secure. Here’s how you can bridge your assets from Juno Network to Arbitrum:
- Generate a unique bridge address on Arbitrum where you will deposit your assets.
- Initiate a bridge transaction from your Juno Network wallet to the generated bridge address on Arbitrum.
- Verify the transaction details and wait for the required confirmations on Juno Network for the bridge transaction to complete successfully.
- Confirm the successful transfer of your assets on Arbitrum using the bridge explorer or your wallet interface.
Throughout the migration process, we will keep you updated with regular announcements, progress reports, and relevant information. We value your feedback and encourage you to actively participate in our community to ensure a successful migration.
Migration Deadline:
Migration is planned to start at Q4
To ensure a seamless transition, we have set a migration deadline. We kindly request all users to complete the asset bridging process to Arbitrum in a month after the migration process started.
We are thrilled to embark on this new journey with you and make your blockchain interactions more efficient and cost-effective. The migration process to Arbitrum will mark a new era of possibilities, and we look forward to empowering you with a superior blockchain experience.
Thank you for your continued support and trust in us. Together, we will shape the future of decentralized finance on Arbitrum!
