Fork Migrations: Two new Additions to the Absorption List
After announcing the absorption of ENCORE, several other forks have come forth, asking to be absorbed.
A due diligence check is needed for each new absorption. We assess the smart contracts and check for alterations in the code. If all processes check out, we give the green light to receiving the keys.
CORE developed the Fork Migrator Contract which allows us to mix and match multiple LP zaps. This is required to efficiently absorb a multitude of projects. Our goal is to migrate these forks into CORE’s ecosystem and give them maximum value for their migrated tokens. To reduce the risk of exploiting these big transactions, we won’t announce an exact time or date for these zaps.
You can check out the contract here:
https://github.com/cVault-finance/CORE-v2/blob/master/src/contracts/v612/COREForkMigrator.sol
Following projects are being prepared for absorption:
Absorption List
- ENCORE
- UNICORE
- TENS
The next steps for the Absorption List:
- All buys of the above mentioned tokens on Uniswap are disabled.
- Please sell your remaining tokens to the Uniswap pool
- The CORE dev team will zap all staked LP tokens into the upcoming CORE/DAI liquidity pool.
- People who are not staked should stake their ENCORE LP, REACTOR(UNICORE) as well as TENS LP in preparation for the migration.
- As liquidity migrates to the new CORE pair, the remaining tokens on the Absorption list will be burned.
Details for UNICORE:
The migration of admin access was successfully conducted. CORE Multisig wallet is now the only wallet that has control over the governance.
- Please sell all UNICORE tokens into the Uniswap Pool. As we prepare for the migration all UNICORE tokens will be burned.
- The next step will be to migrate to the CORE Migration Contract. This allows us to zap the tokens into LGE3.
- After the absorption you will still be able to claim your UNICORE tokens at floor price (0.6ETH) in the CORE-Fork-Migrator contract.
If you have any questions regarding the migration of the Absorption List, please read the following FAQ. If anything is still unclear you can direct any questions to the CORE team & Admins in the following Telegram channels: CORE Main Channel: https://t.me/COREVault
CORE Support Channel: https://t.me/coretechsupport
Frequently Asked Questions about the Absorptions:
1) When will the absorption take place?
The absorption of LP tokens will happen during CORE’s third Liquidity Generation Event. Follow us on Twitter and our Telegram Channel to receive news about the launch date. After the event is over, all participants, including the Absorption List LPs, will receive the new CORE LP tokens.
2) What do Absorption List LP holders have to do?
The migration process will be as seamless as possible. LP tokens that are staked in their vault will migrate to the LGE automatically.
Unstaked LP token holders have the option to participate during the LGE #3 and receive the fairest price.
3) What happens to the tokens in our wallets?
You will be able to sell your tokens to the Uniswap pool. Buying tokens from the Absorption List is disabled forever.
Uniswap pools:
ENCORE: https://info.uniswap.org/pair/0x2e0721E6C951710725997928DcAAa05DaaFa031B
UNICORE:
https://info.uniswap.org/pair/0x45a967c12ed5bdc06e240f007206b359f91877fd
TENS:
https://info.uniswap.org/pair/0xb1b537b7272ba1eda0086e2f480adca72c0b511c
5) What happens to unstaked LP in our wallets?
The easiest way to participate in the migration of LP tokens from the Absorption List, is to have them staked in their Vault. You will be able to manually zap your tokens into the liquidity pool after the LGE3 but that will most likely result in a worse price for your LP tokens. CORE Liquidity Generation Events are designed to give the fairest price to its participants.
💬 Join Us!
- Join the discussion in our Discord at https://discord.gg/hPUm9Jh & Telegram https://t.me/COREVault
- Don’t miss any update by following these Twitter accounts at @CORE_VAULT @x3devships @0xRevert @0xdec4f
