$PLAI Migration
Here are the details concerning the migration of $WOMBAT and $WAS into $PLAI. This will be updated on a regular basis, providing further details and answering questions as required.
Here's the most important things to know:
A snapshot of $WOMBAT and $WAS holders will be taken. The date has yet to be announced. We will communicate the snapshot date at least two weeks before it takes place.
1 $WOMBAT = 2 $PLAI, 1 $WAS = 10 $PLAI.
Liquidity pools: We strongly suggest all liquidity pool positions using $WOMBAT and $WAS are unstaked prior to the snapshot.
Treevolve NFTs: Any unclaimed rewards must be claimed prior to the snapshot date.
Exchanges: We will publish a list of supporting exchanges prior to the snapshot date. If unsure, withdraw to your wallet to guarantee $PLAI distribution.
Snapshot
A snapshot of all $WOMBAT and $WAS holdings and stakings will be taken on a set date. This will be used as the basis for distributing $PLAI.
The date of the snapshot will be communicated to token holders at least two weeks in advance.
Once the snapshot is complete, $WOMBAT and $WAS holders are free to move their tokens as they see fit.
After the snapshot, but prior to the distribution of $PLAI, users will be unable to spend $WOMBAT inside Spielworks products. This is to ensure that the switch to $PLAI runs smoothly.
Token ratio
$WOMBAT holders will receive $PLAI at a rate of 1 $WOMBAT = 2 $PLAI.
$WAS holders will receive $PLAI at a rate of 1 $WAS = 10 $PLAI.
Any $PLAI that would be distributed to burned $WOMBAT or $WAS tokens will be burned itself.
Staked tokens
Any $WOMBAT that is staked in both flexible and locked staking products will be caught in the snapshot, and the staker will receive the appropriate amount of $PLAI.
This $PLAI will be automatically re-staked. VIP levels will be adjusted in line with the 1:2 $WOMBAT:$PLAI ratio, meaning that all VIP levels will be preserved.
For example, VIP Level 5 will be set at 400,000 $PLAI (currently 200,000 $WOMBAT). If a user currently stakes 200,000 $WOMBAT, they will automatically stake 400,000 $PLAI upon migration, retaining their VIP Level 5 perks.
Any accrued staking rewards that are unclaimed prior to the migration will be available to claim in the appropriate amount of $PLAI after the migration.
Wombat Dungeon Master
Season Reward tokens that have been vaulted will be converted into the appropriate amount of $PLAI.
The Dungeon Master shop will switch to accepting $PLAI, instead of $WOMBAT.
If the snapshot date falls during an active Season, the rewards and bonus payouts for that Season will be converted into the appropriate amount of $PLAI.
Reward tokens
All reward pools across Wombat and AtomicHub will be converted into the appropriate amount of $PLAI.
All future rewards - and all rewards that exist but are unclaimed - will be available to claim in $PLAI, instead of $WOMBAT.
Liquidity pools
To retain the value of liquidity pool holdings:
Any liquidity pool positions utilizing $WOMBAT or $WAS must be unstaked prior to the snapshot date.
After the distribution of $PLAI, liquidity pool positions can then be re-deployed.
Burned tokens
Any $PLAI that would be distributed to burned $WOMBAT or $WAS tokens will be burned itself.
Reverties NFTs
Existing Reverties NFTs (Edition 1) will retain their staking utility, but holders will need to manually redeem new NFTs (Edition 2) that interact with $PLAI, rather than $WOMBAT. We will publish more details on this soon.
Wombat Dungeon Master Sidekicks will boost both Edition 1 and Edition 2 Reverties NFTs.
Treevolve NFTs
Rewards from Treevolve NFTs will be discontinued prior to the snapshot date.
Any unclaimed Treevolve rewards must be claimed prior to the snapshot date.
If left unclaimed, we cannot guarantee that Treevolve rewards can be exchanged for $PLAI.
Supported blockchains
$PLAI will be deployed on Ethereum, and will be bridged to any blockchains previously covered by $WOMBAT and $WAS. This includes:
Polygon
WAX
EOS
Immutable zkEVM
CEXs/DEXs
$WOMBAT and $WAS will be delisted from all existing CEXs (centralized exchanges) once $PLAI is distributed.
All exchanges that are supporting our $PLAI migration will automatically convert $WOMBAT and $WAS to $PLAI at the appropriate ratios.
For any exchanges that are not supporting our $PLAI migration, holders will have to withdraw your $WOMBAT and $WAS holdings to be eligible for $PLAI.
We will publish a full list of supporting exchanges prior to the snapshot date.
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