this is a small update about the migration process from the current
dApps Staking v2 over to the new
dApp Staking v3.
- all registered dApps will be migrated, no actions required from the owners
- staker’s locked tokens will be migrated
- stakes WILL NOT be migrated, all stakers will need to pick which dApp(s) to stake on again
- this is to keep in line with the new periods and stake reset
- it’s important for stakers to stake again their tokens to continue earning rewards
- once v3 is deployed, v2 will be removed
Once v3 is launched, all of the unclaimed v2 rewards will become inaccessible. It doesn’t make sense to migrate rewards since the new
Tokenomics 2.0 are tightly coupled with
dApp staking - e.g. it’s not really possible to guarantee any inflation rate if we allow minting of over 2 year old rewards.
To prevent users from loosing long accumulated rewards, a special state will be introduced into v2 -
Decommission Mode. Once decommissioning has started, majority of the dApps staking v2 functionality will be disabled, with the exception of reward claim calls. Two new special calls will also become available - delegated staker reward claim & delegated reward destination setting.
Using the new delegated calls, anyone will be able to claim rewards for anyone else. E.g.
Alice can claim rewards for
Bob - this essentially means that
Alice pays for the transaction fee to claim
Bob's. Of course,
Bob's rewards are deposited into his account, not
Astar team will ensure that all pending rewards are claimed during the decommissioning. We won’t launch v3 until all unclaimed rewards have been claimed.
These transactions won’t be free, and whoever runs the claim bot will need to be reimbursed by the treasury - but this is another topic.
Please do your best to claim the rewards yourself, and encourage others to do the same. This is just a one time thing, and won’t be something used again in dApp staking v3. Everyone is responsible for claiming their own rewards - also, with the new periods system, stakers will need to claim rewards & stake again roughly every 3 months to continue earning rewards.
For Ledger users who use the native account, dApp staking v3 will be temporarily unavailable. This is due to how Ledger app works & what is currently being developed.
Ledger users will still be able to withdraw funds from dApp staking, they only won’t be able to stake & claim rewards in the new protocol version.
Why this limitation?
Ledger is currently developing a new generic app for all Polkadot/Kusama parachains, and that should be available soon (within months). Once that’s available, Ledger native users will be able to participate in dApp staking v3.
For all Ledger EVM users, this limitation won’t apply - they will be able to participate in dApp staking v3 immediately.
NOTE - it is possible that by the launch of dApp staking v3, Ledger generic app will be launched, completely removing this limitation.