🔥Flare migration

Burn2mint

Flare migration will be done via a now-familiar burn2mint contract, moving value from Songbird to Flare Network. Users will be able to burn their CRB, LP tokens, Coin NFTs and Reborn NFTs in return for a bi-weekly airdrop.

This V2 proposal was voted on and agreed in Discord. You can see the changes compared to the original proposal below.

Proposal V2

CRB Burn

600 CRB = 1 FRB

1.5% airdrop claimable every 14 days

LP Burn

150 CRB/* WSGB = 1 FRB

1.5% airdrop claimable every 14 days

Coin NFTS

Gold = 2400 FRB

Silver = 1600

FRB Bronze = 800 FRB

3% airdrop claimable every 14 days

Reborn NFT

Reborn NFT = 250 FRB

1.5% airdrop claimable every 14 days

Changes compared to first proposal:

• Improved exchange rate for CRB compared to FRB

• Implemented a boosted exchange rate when burning CRB/WSGB LP tokens

• Increased airdrop rate by 500% for CRB & LP Burn, 1000% increase for Coins

• Added burn option for Reborn NFTs

• Added burn option for CRB (non-LP)

Staking requirement remains. This proposal equals the burn2mint that was performed in January, with the exception that we'll have a separate airdrop for the coin NFTs with a faster airdrop rate.