Solidly.com has recently announced that they will be migrating their upgraded contract code to Ethereum for the Solidly relaunch. They have fixed many of the bugs in the existing Solidly contracts and are going forward with a huge decision to move the entire idea over to the largest smart contract platform in the world. They have a deadline at the end of the month for the migration, any users that do not move over will be risking holding onto an asset/project that the community has abandoned. The V1 tokens will essentially be worthless once the migration is complete as the majority of users will have left that side.
Fantom is great and is serving its purpose but for survival and for the sake of project community, liquidity and volumes they decided to move towards the ETH side again. It is ironic how things have come full circle from trying to create a better, faster and cheaper smart contract platform (FTM) to moving back to the original one that started it all (ETH).
I have decided that it was in the best interest to follow before the liquidity and demand collapses for the existing veNFTs and SOLID tokens on Fantom, since the code was bugged. Most users have already moved over and all of the whales certainly have so we must follow the money. The SOLID v1 veNFTs will effectively be worthless come October 1st.
https://twitter.com/SolidlyETH/status/1565042963553701890?s=20&t=ImcmfZ3yMGfXsKKX1j9ifA
- SolidlyETH
https://ftmscan.com/tx/0xaf9f9c3e35598fd5a17d478caaffcfc1eac46801df24b5793c112249cde428cf
Before burning/migrating our veNFT I claimed all of the pending USDC and MIM rewards (~$0.10). We must claim the veNFT on the Ethereum side at a future date and I am planning on purchasing an ENS domain name for the project- so there will be some need for ETH tokens in the near future.