Migration Handbook
Last updated
Last updated
We recommend migrating when gas is less than 20 Gwei. Generally, the time period of low gas is:
UTC Time: 12:00 AM to 12:00 PM
Pacific Standard Time: 5:00 PM - 3:00 AM
Beijing Time: 8:00 am to 8:00 pm
You can refer to this video for migration:
First, the status of your position will be checked for any assets in liquidation or timelock.
If you have Shared Pool Positions (P2P), we will unmatch your positions and claim rewards for you.
At the same time, we provide you with the "Re-stake" function in ParaX, so that you can easily complete re-staking after the migration is completed.
Migrate your Supply and Borrow Positions to ParaX.
Click the Migrate All button to start the migration.
ERC-20 tokens will require your authorization. In order to prevent the migration from failing due to accuracy problems, please click the "Use site suggestion" button when authorizing.
If you accidentally close the browser during the migration, you can reopen the migration page and continue the migration from where you left off.
If you migrated BAYC, MAYC, or BAKC assets that were being staked in NFT or P2P pools, you will need to re-stake your NFTs in the new ParaX pools yourself.
If you have used ParaSpace’s NFT Delegation, you will need to re-delegate your assets using ParaX’s NFT Delegation. The delegation process is the same as before, done through the ‘NFT Delegation’ tab under your ParaX profile, and using Delegate.
A: When approving ERC-20 tokens, choosing the "Max" spending cap will result in precision problems, causing the migration to fail. Make sure you choose "Use site suggestion" spending cap when approving ERC-20 assets.
A: You need to ensure that your HF is greater than 1 and the NFT HF is greater than 1.5. If you have a position that is being liquidated, please be sure to solve the liquidation problem first. You can increase your HF by covering positions or repaying debt. Once your HF and NFT HF is at a healthy level, you can continue the migration flow.
A: If you see this error, it could be due to:
NFT doesn't unmatch in P2P
ParaSpace V1 insufficient liquidity
ParaX insufficient liquidity
cApe has too much debt to unwind
Please refer to this document if you have any questions. If you still have questions, you can contact us through the following communication channels:
Twitter: https://twitter.com/ParaSpace_NFT
Telegram: https://t.me/huludot
WeChat: cbeibei828
