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How to migrate to PSP 2.0?
How to migrate to PSP 2.0?
Nick avatar
Written by Nick
Updated over a week ago

You can go directly to the Earn tab to upgrade your stake to the Social Escrowed PSP.

In this tab, you can automatically convert staked PSP from the old ParaSwapPools and Safety Module into either sePSP1 or the boosted sePSP2.

  1. Select if you want to migrate to Basic Pool (sePSP1) or Boosted Pool (sePSP2)
    If you wish to upgrade to sePSP2, you might need additional ETH/wETH. By upgrading to sePSP2, you will receive a full gas refund for your first transaction and a 2x boost on your stake.
    You can read more about the differences between these two staking systems here

  3. If you are migrating to Basic Pool (sePSP1):

    1. Select sPSP tokens available

    2. Unlock in your wallet

    3. Confirm stake

  4. If you are migrating to Boosted Pool (sePSP2):

    1. If you are migrating from ParaSwapPools:

      1. Select ‘Multi Assets’ tab

      2. Select sPSP tokens available

      3. Add WETH or ETH

      4. Unlock with your wallet

      5. Confirm stake

    2. If you are migrating from the Safety Module

      1. Select ‘Safety Module’ tab

      2. Select stkPSPbpt tokens available

      3. Unlock with your wallet

      4. Confirm stake

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