↔️Migration
Migrating from Ethereum to Arbitrum
Last updated
Migrating from Ethereum to Arbitrum
Last updated
How to migrate from Ethereum to Arbitrum?
Now that we are migrating the Florence protocol to Arbitrum, users who are holding flrEUR or have deposited in a vault on Ethereum will need to migrate their tokens to Arbitrum. But don't worry we made the transition flow as simple as possible.
Currently, we have our platform deployed on Ethereum and Arbitrum mainnet:
Ethereum - https://ethereum.florence.finance/
Arbitrum - https://app.florence.finance/
All users will need to withdraw any flrEUR they have deposited into a Florence Finance Vault on the Ethereum Network. These same vaults now exist on the Arbitrum Network, so if you wish to continue earning real-world yield you can do so by simply depositing flrEUR into our vaults on Arbitrum.
There are two options for users who are still on the Ethereum network:
Redeem EURS for your flrEUR from the Florence Treasury
Bridge your flrEUR to Arbitrum
Florence Treasury:
The Florence Finance Treasury has enough EURS to satisfy the redemption of all flrEUR on the Ethereum Network. Simply withdraw your flrEUR from the Vault, go to the Treasury page in our dApp, and exchange your flrEUR for EURS.
Bridge flrEUR to Arbitrum:
If you wish to bridge your flrEUR tokens from Ethereum to Arbitrum then you will need to go to the Official Arbitrum Bridge and add the flrEUR token.
flrEUR token address: 0x5E5d9aEeC4a6b775a175b883DCA61E4297c14Ecb
To add the flrEUR token, click the ETH symbol then input the flrEUR token address into the "Select token" box and click "Add". You will then be able to input the amount of flrEUR you wish to bridge to Arbitrum, click the "Bridge" button, and now your flrEUR tokens are on their way to Arbitrum.\
Once you receive your flrEUR on Arbitrum you can then go to the Florence Finance dApp and deposit it into the vault of your choosing and start earning real-world yield on Arbitrum.
If you have any issues with this process then go to our Telegram group and a team member will be able to assist you.
