App Token Migration

This page outlines token migration options for apps from Fantom Opera to the Sonic chain.

It provides comprehensive guidance for both token holders and project owners regarding their migration options.

Instructions for Token Holders

The official Sonic Labs upgrade portal will facilitate the FTM to S upgrade on a 1:1 basis.

For the first 90 days after Sonic's launch, you'll be able to swap between the two tokens freely. After this period, swaps will only be possible in one direction, from FTM to S.

Official Migration Contract Timeline

Phase
Duration
Conversion Type
Notes

Initial period

90 days

Two-way FTM ↔ S

Full flexibility

Final phase

Indefinite

One-way FTM → S

No reverse conversion

CEX-Held FTM

If you hold FTM on a centralized exchange, we’re collaborating with major exchanges to enable users to upgrade FTM to S directly on their platforms. Stay tuned for updates from the CEX where you hold your FTM.

Alternatively, you can withdraw your FTM to Fantom Opera and upgrade to S through our upgrade portal.

Staked FTM

Users will be able to unlock their staked FTM and bridge immediately to Sonic following a 24-hour withdrawal waiting period. The new Sonic staking system features:

Parameter
Requirement

Withdrawal period

14 days

Minimum stake

1 S

LP Positions

If you hold liquidity positions, you'll need to:

  1. Break existing LP positions on Fantom

  2. Migrate each token individually following their specific processes

  3. Recreate your positions on Sonic

Other Token Holders

Contact your token's project team to learn their specific migration plan. Each project will choose between migration options such as:

  • Bridge migration through LayerZero

  • Airdrop migration based on snapshots

  • Hybrid approach combining both methods

Migration FAQ

Last updated

© 2024 Sonic Labs