Sophon Farm Migration
As Phase 1 of the Sophon Farm comes to a close, we're not just marking the end of an era – we're celebrating a remarkable demonstration of community strength and sustainable growth. The numbers tell a story of genuine adoption and broad-based participation that has exceeded our expectations.
Phase 1 by the Numbers
- 41,000+ total users
- 10,200+ active farmers
- $450M Total Value Locked (TVL)
- ~$1,000 median deposit per user
- 70M+ Sophon Points (SP) farmed
Migration Timeline
The Sophon Farm is evolving, and we're making it easier than ever to participate in our ecosystem. As Sophon mainnet is now live, we're implementing a straightforward migration process that maintains your farming position while upgrading your experience.
December 19: Farm Closure on L1
- L1 farming closes for new deposits
- Optional withdrawal window opens
December 26: Migration Preparation
- Last day for L1 withdrawals (ends at 23:59 UTC). Only withdraw if you don't want your assets auto-bridged to Sophon.
- All assets remaining after this date will automatically migrate to Sophon mainnet
- No action required if you want to continue farming
December 27: Bridge Day
- Automatic migration of remaining assets to Sophon mainnet
- Phase 1 SP point accrual ends
- Technical maintenance and verification period
Note: Assets withdrawn from the L1 farm before migration to Sophon mainnet do not accrue SP points during this migration phase between Dec 19-27.
December 28: Welcome to Sophon
- Farming goes live on Sophon mainnet
- Introduction of USD-based calculations for fairer reward distribution
- Phase 2 SP point accrual begins
- Start of gasless farming experience
What This Means For You
If you're currently farming on L1, you have two simple options:
- Do Nothing: Your assets will automatically migrate to Sophon mainnet, where you can continue farming with improved features and gasless transactions.
- Opt out: If you prefer to opt out of auto-migration to Sophon mainnet, you can withdraw your assets from the L1 farm between December 19-26.
What's New in Phase 2
We're introducing significant improvements to the farming experience:
- USD-Based Rewards: Unlike Phase 1's per-pool basis, rewards will now be calculated based on USD value, ensuring fairer distribution across all pools
- Simplified Experience: Enhanced interface for easier participation
- Gasless Transactions: Farm without transaction fees during the initial phase of Sophon’s mainnet
- Extra rewards for liquidity provision
Need Support?
We're here to help ensure a smooth transition:
- Join our Discord community for real-time support: discord.gg/sophonhub
- Follow @sophon on Twitter for the latest updates
The future of farming is on Sophon, and we're excited to grow together.
Always verify you're interacting with an official Sophon account, domain, or team member at verify.sophon.xyz
Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, financial or tax advice. You should consult your own advisers as to those matters. References to any digital assets and the use of finance-related terminology are for illustrative purposes only, and do not constitute any recommendation for any action or an offer to provide investment, financial or other advisory services. This content may not under any circumstances be relied upon when making a decision to purchase any digital asset referenced herein. The content speaks only as of the date indicated.