https://spacefi.io | The DeFi hub on zkSync with DEX+NFT+Spacebase+Launchpad, exploring the Layer2 ecosystem.
🎉Welcome to the brand new SpaceFi 2.0!
We are excited to introduce SpaceFi 2.0 to everyone through this article. Since the launch of SpaceFi, we have listened to user feedback and made comprehensive optimizations and improvements in UI and product experience. Additionally, we have added more exciting features. Here are some highlights of the updates:
💥PART 1 — Migration
🌟 STAR, the new token of SpaceFi 2.0
To distinguish between the assets of 1.0 and 2.0, SpaceFi 2.0 will issue a new token named STAR. It inherits the supply, distribution, etc., from SPACE (1.0) and will be exchanged at a 1:1 ratio with SPACE. Future rewards and incentives will also gradually transition to SpaceFi 2.0, distributed in the form of xSTAR.
Stay tuned for the official launch of SpaceFi 2.0.
💡SPACE / xSPACE / NFT Migration Guide
To migrate from version 1.0 to 2.0, simply open the spacefi.io and complete the migration on the bridge page. The products eligible for migration include SPACE, xSPACE, and Planet NFT.
🔶 Important Notice:
The migration will be open after SpaceFi 2.0 officially launching. Stay tuned.
💡Farm Migration Guide
🌟 Single Pool
Step 1: Visit the Farm page in version 1.0 and withdraw all xSPACE funds.
Step 2: Go to the Bridge page and perform the token migration.
Step 3: Visit the Farm page in version 2.0 and re-stake xSTAR.
🌟 LP Pool
· SPACE LP: SPACE-ETH, SPACE-USDC
Step 1: Withdraw the LPs form 1.0 and remove them from the swap page.
Step 2: Go to the Bridge page and perform the token migration.
Step 3: Add STAR liquidity on 2.0 swap page and restake STAR LP to farm.
In the 2.0, staking STAR LP in farm can boost your APR of all pools. (https://x.com/spacefi_io/status/1737078420717367748?s=20)
· Other LPs
Step 1: Withdraw the LPs form 1.0. (No need to remove the liquidity)
Step 2: Stake the LP in 2.0.
💥PART 2 — Updates
🎨Visual Adjustments
Fresh Interface Design: A clean UI interface allows users to intuitively experience the product flow.
· The SPACE STATS will display separately on each network. A clear view of the TVL, Price, Maketcap, Circulating, Burned and Locked.
· Besides Planet NFT holders, bLP and xSPACE holders will also be allocated Revenue BONUS. bLP is introduced as an important upgrade in the tokenomics, getting through staking $SPACE Liquidity in the farm. bLP (renamed from sLP) can be used to boost APR, get Bonus and more.
· As the on-chain community, Spacebase will still plays the important role in SpaceFi 2.0. Create or Join a spacebase, not only to get extra 5% reward, but also to meet a group of spacers.
✨Product Highlights
New Features: We’ve added exciting new features to enhance your experience.
Highlight 1- sLP
· sLP is introduced to align protocol benefits with $SPACE LP and long-term holders. If adding and staking SPACE-USDC/ETH liquidity in Farm, you’ll receive a certain amount of sLP, which can be used to get a multiplier to boost the farm APR, receiving more emission reward in single, LP and NFT pools. Planet NFT and xSPACE can be used to boost the multiplier again. This will help to incentivize SPACE LP, xSPACE and NFT holders as a priority, and make the emission more sustainable. Think about dLP in Radiant.
Highlight 2 — Boost APR
· Boost APR
It’ll enable more utilities to SPACE LP, Planet NFT and xSPACE holders, which is also a gaming mechanism to balance different benefits. In short, staking $SPACE liquidity, you’ll be able to boost the APR in all the farm pools. Planet NFT can be used to amplify the bLP ratio.
· Adding and Staking $SPACE liquidity, you’ll get a certain amount of bLP, which can be used to boost farm APR. The longer unbonding period in the pool, the more bLP.
· The Boosting Multiplier is based on Your bLP Ratio in the gradient, positively correlated with the ratio of your $SPACE liquidity to total deposit. Planet NFT can be used to amplify the bLP ratio, based on the NFT assets.
· With the Boosting Multiplier, you can boost the APR in all the farm pools, maybe be much higher than regular APR. When the $SPACE liquidity is reduced or the total deposit is increased, the Boosting Multiplier will be lower accordingly.
💪🏻We hope you enjoy exploring SpaceFi 2.0 and discovering all the new enhancements we’ve made. Thank you for your continued support and feedback!
