Migrating to V2 Staking

What is V2 Staking?

Fei Protocol is migrating its staking infrastructure to the new V2 staking contracts (Tribal Chief). This powerful infrastructure will allow Fei DAO to quickly incentivize many different pools across DeFi to further its mission of creating The Stablecoin for DeFi.

This upgrade means that the V1 staking contracts will be deprecated and will stop issuing TRIBE staking rewards on Monday, September 6, 2021. The V2 staking contracts will be issuing TRIBE staking rewards starting Sunday, September 5, 2021.

If you have never staked FEI-TRIBE LP tokens, then you can simply head to the staking page and begin staking there.

How do I migrate my TRIBE-FEI LP tokens to V2 Staking?

If you currently have TRIBE-FEI LP tokens staked in the V1 contracts, you will need to unstake them from the V1 contracts and then stake them again in the V2 contracts by following this guide.

Step 1: Unstake your TRIBE-FEI LP tokens from the V1 staking contracts

First, you need to visit the V1 staking page and connect your wallet.

Once you have connected your wallet, the V1 staking page should look something like this:

V1 staking page with wallet connected

If "Your Staked LP" is 0 after having connected your wallet, this means that you don't have any staked TRIBE-FEI LP in your wallet.

Click "Withdraw + Claim Rewards" and then follow the instructions on your connected wallet.

Once the transaction has been completed on Ethereum, you will have unstaked your TRIBE-FEI LP tokens and will be ready to stake them in the V2 staking page.

Step 2: Stake your TRIBE-FEI LP tokens in the V2 staking contracts

Now that you have the TRIBE-FEI LP tokens in your wallet, go to the V2 staking page to stake them.

Click on the TRIBE-FEI LP staking pool and connect your wallet. The V2 staking page should look something like this:

Enter the amount of TRIBE-FEI LP tokens you would like to stake, press the "Stake" button and then follow the instructions on your connected wallet.

Once the transaction goes through, you will have successfully staked your LP tokens in V2 staking!

After staking you can view your staked amount and rewards. The page should look like this: