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YamYamby0xbdac5657eDd13F47C3DD924eAa36Cf1Ec49672ccfeddas.eth

YIP-53: Keep V2 Migration Smart Contract Function Available

Voting ended almost 5 years agoSucceeded

Community member initiated to end migration of YamV2 to Yam (current) with the end date of 2/15/2021. We’ve successfully gotten the message out to the community and over 99.3% of YamV2 tokens have migrated over to the current token. Here’s a snapshot on etherscan:

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Since migration ends today 2/15/2021, according to the original snapshot, we should end the migration. It has been suggested to keep migration open past the deadline for a few reasons.

The original purpose of ending the migration is to create consensus around current Yam token but not to punish holders that are slow or did not receive the communications to migrate.

  • The price has been so high for the past two weeks that it would have been prohibitively expensive to some users that are holding a smaller amount of coins.
  • Community has suggested we consider the V2 migration closed and remove from the website but we leave the function open in case there are holders that contact the community to migrate.

Off-Chain Vote

Keep Contract Function Open
262.59K 81.1%
Close Migration Function
61.12K 18.9%
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Timeline

Feb 22, 2021Proposal created
Feb 22, 2021Proposal vote started
Feb 26, 2021Proposal vote ended
Apr 28, 2024Proposal updated