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Upgrading to Native RUNE
Summary
IOU Tokens (BNB.RUNE and ETH.RUNE) will be deprecated after mainnet. Nodes will activate a "killswitch", which will slowly reduce the redemption rate from 1.0 to 0.0 over the course of a year. After a year the upgrade code will be entirely removed and IOU tokens will no longer be supported. Upgrade your IOU tokens now.
How to Upgrade
If you hold your tokens on a centralised exchange, the exchange will switch your tokens for you to Native RUNE.
If you hold your tokens in a wallet:
- Create a THORChain wallet using any of the options: https://thorchain.org/ecosystem/interfaces-links
- Find the "UPGRADE" button and upgrade your asset (note: you will need gas on your wallet, eg BNB for BNB.RUNE or ETH for ETH.RUNE)
Several guides have been created: