Migration Update — MICv2 is on Peg!
MIC on Curve Stableswap is working as intended and MICv2 is trading at 0.97
- In the first 48 hours, 75% (260K) of MISv1 has migrated to MISv2
- MIC liquidity migration issue has been fixed, MIC-USDT Sushiswap LP tokens can be migrated to MICv2–3crv LP
- MICv2–3crv LP token staking in the new Bank is still not working. Devs are working to resolve this ASAP.
- Significant MICv1 has been rebased to MICv2 so far, resulting in fast growing liquidity in the Stableswap pool. We expect this to accelerate once the staking issue is resolved.
- MIB redemption plan will be shared once migration is complete.
