Gearing Up for Product Release - Part 1

AraFi
4 min readDec 7, 2023

Navigating Uncharted Territory: The Journey from Aerarium Fi to AraFi — Embracing a New Token and a Reimagined Ecosystem

As we present the third chapter of our series, we’re eager to guide you through this forthcoming phase of our journey. Our previous articles explored the conceptual foundation and the promising potential of the AraFi ecosystem in reshaping the decentralized finance landscape. Today, we’re excited to reveal a pivotal transformation in our project: the migration from $AERA to $ARA, signifying a dynamic progression in the AraFi narrative. This article serves as a comprehensive guide for the approaching token migration process and the introduction of our brand-new DApp, ensuring a seamless transition for all our users as we step into this new era.

Migration Process

Token Migration

Token migration is a significant part of our rebranding. This process involves moving your $AERA tokens to the new $ARA tokens. We’ve designed this process to be as straightforward as possible.

This will concern 3 groups:

AES Stakers

1/. Visit the Elite Network. Enter the amount of AES you have and choose “Withdraw All.”

2/. Please navigate to the AERA HOLDERS section further down the article to complete your transition.

LP Holders

1/. Begin by visiting Hermes Rewards and claim any accumulated rewards.

2/. Head over to Hermes Stake and locate the AERA/USDC Pool, then opt for “Unstake ALL”. Following this, navigate to Hermes Manage select the AERA/USDC LP, and click on “Remove”. Finally, adjust the quantity to “100%”, press the “Remove” button, and accept the transaction in your wallet.

3/. Please navigate to the AERA HOLDERS section further down the article to complete your transition.

AERA Holders

1/. Visit https://beta.arafi.app/migrate and click on “Approve” to authorize the spending of AERA.

2/. Click on the “100%” button to input the total AERA to transition and click “Migrate”.

Fractal Migration

Here are the steps on how to transition your fractals:

1/. Navigate to https://beta.arafi.app/migrate and Select “Approve” to give us permission to migrate your fractal (do note that you can only migrate one fractal at a time)

2/. Following approval, a new button will appear labeled “Migrate.”

3/. Approve the transaction and repeat this process for each fractal you own.

Upon successful migration, you will immediately be able to see your new $ARA tokens on the migration page itself. As for your newly migrated Fractals, they can be viewed at https://aerarium-staking-frontend.vercel.app/fractals. These confirmations should assure you that the process has been carried out successfully.

Congratulations on successfully completing the migration process!

A Generous Timeframe for Migration: Three Months

As part of our transformation, we have provided a generous three-month window for the migration from $AERA tokens and V1 Fractals to their new counterparts. Please note that once this period concludes, the migration process will be permanently stopped, rendering any remaining $AERA tokens and V1 Fractals ineligible for further migration. We encourage all users to complete the process within this timeline to avoid any complications.

During this period, please remember that our dedicated support team is readily available to assist you with any issues or inquiries you may have. For immediate assistance, you can reach us through our official discord.

We want to ensure that this transition is as smooth and effortless for you as possible. Hence, do not hesitate to reach out to us should you need any help during your migration process.

As we embark on this exciting new journey, we look forward to your continued support and enthusiasm in the AraFi ecosystem. Thank you for being part of our transformation.

Conclusion

Stay tuned for our next medium article, ‘Part 2: Embracing the New AraFi Ecosystem’, where we will delve into the functionality of our exciting new products and provide a comprehensive guide on how to use them in the reimagined AraFi ecosystem.

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AraFi

AraFi is a sophisticated Omni-Chain governance aggregator designed to optimize the potential returns and governance capabilities of DeFi stakeholders.