XVIX Migration

As proposed in https://gov.gambit.financial/t/merge-all-tokens-into-one-and-launch-in-a-big-way-on-arbitrum/59 we will be merging all XVIX, XLGE, GMT and xGMT tokens into a single GMX token.

The migration will begin on 22 Jun 2021 at 12 PM (UTC) and will end on 6 Jul 2021 at 12 PM (UTC). There will be a migration page on https://xvix.finance/ to facilitate the process.

Each GMX will have a starting price of 2 USD.

The following conversion rates will be fixed for the migration:

  • XVIX: 29.17 USD, 14.585 GMX per XVIX

If you have XVIX tokens in the Timelock vault, you should initiate a withdrawal and perform the migration 7 days after.

All tokens will be kept in the migration contract until the Arbitrum contracts are live on 7 Jul 2021.

For added security, any movement of tokens out of the migration contract must be initiated by the XVIX deployer account and authorised by two out of three multi-sig holders.

The role of the multi-sig holders is to ensure funds are moved out of the migration contract only to the destinations described and announced before the movement is initiated.

The multi-sig holders for the migration will be:

We are grateful for all the support from the community and look forward to a stronger and more united project once the migration is completed.

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