Guide to Migrating from V1 Vaults to V2 Vaults

Hey Paçoca lovers! As many of you already know, the platform will be migrating all v1 vaults and replacing them with v2 Sweet Vaults, the latest innovation from Paçoca team, resulting from this governance proposal.

How will the migration work?

The migration will be split into two phases, and initially, all vaults, excluding the ones that involve $PACOCA, will be migrated.

Those vaults will stop compounding and receiving $PACOCA rewards. What does this mean? This means if you’re in a V1 vault such as the Cake vault, you will no longer receive rewards after the migration is over. This includes the latest v1 Sweet Vaults. This is because the change in the fee structure to create the $BNB pool will require migrating v1 Sweet Vaults to v2 Sweet Vault. But do not fret! The team has created this guide and streamlined the process into a click-and-go method, easy enough for any user level.

How long will users have to migrate?

How do I migrate?

All v1 vaults will have a ‘’migrate vault’’ button appear below it:

For each vault, once you click the button, a layout will show up and instruct the user to:

  1. Withdraw your tokens/LP from the v1 vault;
  2. Approve the new v2 contract;
  3. Deposit in v2.

After following these steps, It’s done! Fast, Smooth, and most importantly, Safe. 🎉

The incentive to migrate: migration reward

Other questions you may have

Aren’t the high rewards of v2 bad for the $PACOCA price?

What about v1 withdrawal fees?

When will the v1 vaults be deprecated?

When will be the airdrop distribution?

When will the new Stake $PACOCA earn $BNB pool launch?

How does v2 work?

  • The generated rewards from your initial deposit are automatically claimed and converted to $PACOCA;
  • The $PACOCA rewards are deposited in the Auto PACOCA pool, giving the user a higher APY while protecting their principal.

What is the fee structure of the v2 vaults?

  • 3.0% fee on profits to upcoming stake $PACOCA earn $BNB vault;
  • 0.5% on profits to the keeper;
  • 1% fee for withdrawals within 3 days of deposit.

Learn more about V2 Sweet Vaults here.

Track your DeFi assets on Binance Smart Chain with a simple interface. #BSC