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baovotes.ethbaovotes.ethby0x3bC3c8aF8CFe3dFC9bA1A57c7C3b653e3f6d69510x3bC3…6951

Approve Migration Plan

Voting ended about 5 years agoSucceeded

This vote is to approve the migration to xDAI and SushiSwap LP tokens + the plan to deploy Bao Baskets.

The migration plan was outlined here: https://thebaoman.medium.com/bao-v2-the-journey-86dab5a203de

The expected timeline is to have the migration ready for the end of Feb (date tentative could be earlier or later)

On March 1st, as long as the xDAI version is successfully launched, the main Ethereum Bao Farmer contract will have its base rewards changed from 1000 -> 250 (all pending Bao should be harvested before then or it will prorate accordingly)

Users will be able to continue to farm in the Ethereum pools until June 1st at which time the Ethereum version of Bao Master Farmer will then have its rewards changed from 250 -> 0 (once again users will need to harvest pending Bao, but LP tokens will not be effected)

After that time users can withdraw their LP tokens whenever.

The xDAI version of the contract will produce BAO.cx tokens, which are redeemable 1:1 with Bao. They will be transferable back to the main chain when the xDAI Stake team launches the Reverse Omni Bridge in a few months time, until then, the Bao team will deploy a swap contract on xDAI allowing users to trade Bao.cx for Bao 1:1

Additional timelines and details will be released as we get closer to the migration.

Off-Chain Vote

Approve the L2 Migration
40.56B 98.8%
Deny the L2 Migration
505.04M 1.2%
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Timeline

Jan 19, 2021Proposal created
Jan 19, 2021Proposal vote started
Jan 26, 2021Proposal vote ended
Oct 26, 2023Proposal updated