This guide is designed for experienced liquidity providers (LPs) who would like to migrate their liquidity from Terraswap to Astroport during Phase 1 of the protocol’s launch.* All Phase 1 participants will receive ASTRO governance tokens when the full Astroport dapp launches on December 28, 2021.
Phase 1 Timeline: December 14–20, 2021
The table below shows all of the pools that are eligible to participate in Phase 1 and the number of ASTRO tokens each pool will receive.
Please be sure you’ve read and understand how the ASTROdrops work as well as all the relevant disclaimers before proceeding.
Step 1: Visit Astroport.fi.
Step 2: Click “ASTROdrop is live” to go to the lockdrop page.
Step 3: Connect your wallet and click “Go to Active Phase.”
Step 4: Scroll down to “My Eligible Terraswap Pools.”
Step 5: If you do not already have Terraswap LP tokens for your desired pool, click the “Provide Liquidity” button where you’d like to provide and migrate liquidity. You’ll be linked directly to Terraswap’s provide liquidity page (you can also click here).
Step 6: Return to Astroport’s Active Phase page and scroll down to “My Eligible Terraswap Pools.”
Step 7: If you have Terraswap LP tokens for any of the supported lockdrop pools, click the blue button that says “Lock LP Tokens”.
Step 8: Choose the number of LP tokens you’d like to lock as well as the duration you’d like to lock them for. Then, click “Lock LP Token”.
Note that you do not have to lock up all of your LP tokens in one batch. For instance, you could provide 2 batches of LP tokens for the ANC-UST pair. One batch could be locked for 26 weeks and a second batch could be locked for 52 weeks.
Step 9: After you’ve approved the transaction and it’s completed, the locked liquidity will appear on the “Active Phase” dashboard in the pod titled “My Locked Astroport Liquidity.”
Step 10: To add more liquidity for that pair or additional pairs, repeat steps 4–8 above.
Step 11: That’s it! Your Terraswap LP tokens will continue to accrue trading fees on Terraswap until they are migrated to Astroport just before the dapp’s full launch.
All Phase 1 participants will receive ASTRO governance tokens for participating in the lockdrop. These ASTRO tokens can be ‘pre-claimed’ during Phase 2 and deposited into the ASTRO-UST Liquidity Bootstrapping Pool (learn more about Phase 2 here). Otherwise, your ASTRO tokens will become claimable and fully transferable with the full launch of the Astroport dapp on December 28, 2021.
Note that if you change your mind about migrating liquidity to Astroport, you can withdraw your LP tokens by clicking ‘Unlock LP Tokens’.
During the first 5 days of Phase 1, you can withdraw 100% of your provided liquidity. The amount available to withdraw on Days 6–7 is reduced and eventually falls to zero when Phase 1 concludes (see the timeline graphic at the top of this article for more details).
When unlocking LP tokens, choose the amount of LP tokens you’d like to unlock, and click ‘Unlock LP Tokens’.
Remember that you will not receive any ASTRO tokens for that deposit if you unlock all of your LP tokens.
If you have additional questions, please visit Astroport’s documentation or join the Astroport Discord here. To ensure you receive all future transmissions, follow Astroport on Twitter.
*Delight Labs, the team running https://terraswap.io/, has not endorsed and is not affiliated with Astroport.
