bZx is migrating PGOV and BGOV token to BZRX
As part of the bZx rebranding and new platform launch bZx DAO has voted to buyout PGOV and BGOV token holders, making BZRX the sole and primary governance token for the bZx protocol on Polygon, BSC, Ethereum and all future chains bZx launches on.
As of today, holders of PGOV and BGOV will be able to migrate their tokens to BZRX tokens. After migrating, users can then stake their BZRX and earn platform fees on polygon, BSC, or bridge the tokens to the ethereum network and stake the tokens on the ethereum network and earn ethereum platform fees.
Currently, stakers of BZRX must choose to either stake their BZRX on Polygon, BSC, or stake BZRX on Ethereum. Stakers will earn fees only from the network they are staked on. For example, if a BZRX holder stakes on Polygon, they will only earn fees generated by the bZx protocol on Polygon. Whereas if a BZRX holder stakes on Ethereum, they will only earn fees generated on the Ethereum network.
In the future, we will implement a multichain staking solution which will allow BZRX holders to stake their token in one place, and earn platform fees from all the networks that the bZx protocol is deployed on. However, until this functionality is activated, users can stake on the network they want to earn fees on.
PGOV to BZRX Step by Step Token Migration Guide
There is no deadline to migrate PGOV to BZRX, and as a result token holders need not worry about performing the migration before a certain date. For users who don’t want to interact directly with the polyscan contract, we will also be implementing an easy to use one click UI which will enable users to easily migrate their PGOV to BZRX. However, for users that are familiar working with contracts directly, you can start migrating your PGOV now to BZRX
Below is a simple Step by Step Token Migration Guide which will assist users with migrating their tokens. Users who wish to migrate prior to the UI can migrate by interacting with the smart contract directly through Polyscan. In order to migrate PGOV to BZRX using Polygon Scan follow these steps:
- Connect your web 3 wallet
-
Go to the “Approve” section, and enter the following values into spender and amount fields in order to approve the converter contract.
-
Spender (this value represents the migration contract address)
0x91c78bd238acc14459673d5cf4fe460aee7bf692 -
Amount (this value represents the maximum amount and will convert your entire token balance)
1000000000000000000000000000 - Click “Write”
- Click the Link Below which will take you to the Converter contract
https://polygonscan.com/address/0x91c78bd238acc14459673d5cf4fe460aee7bf692#writeContract
Now that you have successfully converted your PGOV to BZRX you have two staking options available to you:
- Stake your BZRX in the Polygon Farm and earn a portion of the fees generated on Polygon
- Bridge your BZRX to the ethereum network and stake your BZRX on the ethereum deployment of bZx protocol and earn a portion of the fees generated on ethereum.
BGOV to BZRX Step by Step Token Migration Guide
There is no deadline to migrate BGOV to BZRX, and as a result token holders need not worry about performing the migration before a certain date. For users who don’t want to interact directly with the BSC contract, we will also be implementing an easy to use one click UI which will enable users to easily migrate their BOGV to BZRX. However, for users that are familiar working with contracts directly, you can start migrating your BGOV now to BZRX
Below is a simple Step by Step Token Migration Guide which will assist users with migrating their tokens. Users who wish to migrate prior to the UI can migrate by interacting with the smart contract directly through BSC Scan.
In order to migrate BGOV to BZRX using BSC Scan follow these steps:
-
Before starting make sure that the BGOV Tokens you want to convert to BZRX have been withdrawn from the pool and are in your wallet.
-
Click the link below (this link brings you to the BGOV Token contrac)t:
https://bscscan.com/address/0xf8e026dc4c0860771f691ecffbbdfe2fa51c77cf#writeContract
- Connect your web 3 wallet
- Go to the “Approve” section, and enter the following values into spender and amount fields in order to approve the converter contract.
Spender (this value represents the migration contract address)
0x5531188E72e63ee80e695099b36a15FDdDcEE6Aa
Amount (this value represents the maximum amount and will convert your entire token balance)
1000000000000000000000000000
- Click “Write”
- Click the LInk Below which will take you to the Converter contract
https://bscscan.com/address/0x5531188E72e63ee80e695099b36a15FDdDcEE6Aa#writeContract
- Go to the “2. Convert” section and enter the following values:
Receiver
“Enter Your Wallet Address”
Token Amount
1000000000000000000000000000
- Click “Write”
- Congratulations: You have now successfully converted your BGOV to BZRX Tokens. Your entire BGOV token balance will now be converted to BZRX on BSC.
Now that you have successfully converted your BGOV to BZRX you have two staking options available to you:
-
Stake your BZRX in the BSC Farm and earn a portion of the fees generated on BSC
-
Bridge your BZRX to the ethereum network and stake your BZRX on the ethereum deployment of bZx protocol and earn a portion of the fees generated on ethereum.