Stargate Finance (STG) Contract Swap

Stargate faces a significant threat to its POL and to the security of token holders due to potential security issues within Alameda Research (Alameda). To ensure the safekeeping of Launch Auction Stargate tokens, the StargateDAO proposes to re-issue all Stargate tokens (STG). By re-issuing STG, StargateDAO would eliminate the risk of illegitimate STG transfers from compromised Alamada wallets and would protect the interest of all token holders.

Below steps required by STG holders and and stakeholder to ensure a reissuance and to minimize loss.

• I hold STG in my wallet: You do not need to do anything. The replacement STG token will be airdropped into your wallet on a 1:1 basis after the snapshot on March 15th.
• I hold STG on a centralized exchange: The Stargate Foundation is notifying every centralizd exchange that supports STG of the migration and providing them with a means to coordinate the switch. This will be determined on an exchange-by-exchange basis. Please follow announcements from the centralized exchange you hold STG on to ensure no loss of your funds. If the exchange where you hold your STG does not support the migration, you should withdraw your STG to a supported chain of your choice.
• I hold STG on a dex or aggregator: On March 15th, all protocol owned dex liquidity will be removed. You must remove your own dex liquidity before March 15th. After the new STG token is airdropped, the old STG will be worthless. If you continue to provide LP at this point, the old STG token will be sold into your LP removing the other asset you are providing and you will lose funds!!. It is recommended you withdraw and unwrap the LP and (if you wish) re-add the LP with the new STG token after you receive it.
• Old STG smart contract addresses: AVAX C-Chain, Arbitrum One, BNB Smart Chain (BEP20), Ethereum (ERC20), Fantom and Polygon.
• New STG smart contract addresses: AVAX C-Chain, Arbitrum One, BNB Smart Chain (BEP20), Ethereum (ERC20), Fantom and Polygon.