Announcing Sky Portal Contract Migration

What happened ?

The issue was found in current $LAPIS contract which may affect users balance, made LAPIS lack of decentralization.This issue from burn_from _address function ,was created to make sure LAPIS can recoverable if NFT staking contract failure and lock user balances. We decided to migrate LAPIS to a new contract to remove both mint_to_address and burn_from_address, solve the token decentralization after weekly epoch ends (around Thursday, Oct 21 11:15AM UTC).

Token Migration

Holder

The new LAPIS will be swapped at 1:1 with old LAPIS. We would like to request every LAPIS token holders hold your old LAPIS until the migration complete . You don’t have to do anything during the migration.

Liquidity Provider — Staker

If you are providing liquidity for $LAPIS token on Ubeswap, we would like to request you to remove the liquidity (LP) as soon as week epoch end and keep old LAPIS in your wallet to redeem new LAPIS. Incase any one is not able to act on time or offline, they will still be able to remove liquidity and receive their new LAPIS tokens.

After token migration completed, old token contract and old farming contract will no longer receive incentives.

*Seed Distribution of M3 will be postponed until the migration complete.

Stay tuned for more updates.