Sonic Token Migration Overview

Migration from Fantom (FTM) to Sonic (S)

Key Migration Details

• Migration Timeline:
  • The two-way swap (FTM ↔ S) was available for the first 90 days post-Sonic launch (from December 18, 2024).
  • After this initial 90-day period, only one-way swaps from FTM to S are permitted. Reverse migration (S → FTM) is now disabled234.
• Migrating FTM Held on Exchanges:
  • Sonic Labs is collaborating with major centralized exchanges to allow direct upgrade of FTM to S. Check with your CEX for supported options or use the upgrade portal after withdrawing to Fantom Opera2.
• Staked FTM:
  • Stakers and validators can unlock and upgrade their staked FTM to S following a 24-hour withdrawal period. The new Sonic staking system requires a minimum stake of 1 S, with a 14-day withdrawal period23.
• Liquidity Provider (LP) Positions:
  • Break existing LP positions on Fantom, migrate each underlying token by its specific process, and then recreate positions on Sonic24.
• Application Token Migration:
  • The upgrade portal only handles FTM-to-S migrations. All application tokens must follow their own migration solutions as implemented by each project, which may vary in mechanism and timing (bridging, airdrop, hybrid, etc.)24.
• Special Project Migrations:
  • Projects like Equalizer Exchange and Gravity Finance have opted for 1:1 migrations involving custom migration dApps and specific LP/emission handling strategies to ensure a smooth transition and retain value, governance, and dApp support for those who stay on Fantom5678+1.

Important Considerations

• Snapshots & Airdrops:
  • For some projects, migration involves snapshot-based airdrops, requiring assets to be in externally owned accounts. Multisig and LP positions may need special handling28.
• Deadlines:
  • Missing the two-way migration window limits flexibility, but FTM can still be upgraded to S after the window ends. Transaction history and pending rewards may not carry over to Sonic4.

Sentiment and Ecosystem Response

• There is strong bullish sentiment around Sonic and its native tokens on social media, with notable DeFi protocols and meme tokens launching or migrating to the new ecosystem, gaining new listings and liquidity10111213+1.
• Protocols cite benefits like speed, lower costs, and new incentive programs as drivers for migration1456.

Resources

• Token Upgrade Portal1
• App Token Migration Instructions2
• Migration FAQ24
• Bridge Tool1

Summary Table