Kwenta (KWENTA) is being unified into the Synthetix system. The migration process allows you to convert KWENTA into SNX under a vesting schedule.
How the migration works & key details
A swap interface is now live for migrating your KWENTA to SNX.
Vesting begins November 12th, with a 3-month cliff + 9-month linear unlock for the migrated tokens.
Even if you migrate later, your tokens will vest on that same schedule relative to the original timeline.
Step-by-step: Migrating KWENTA to SNX
Unstake your KWENTA
Go to the Staking section on the Synthetix staking UI.
Unstake any liquid KWENTA. (Escrowed KWENTA will become liquid through vesting.)
Vest escrowed KWENTA
Go to the “Escrow” tab.
Select all escrow entries and vest them (this converts them into liquid KWENTA in your wallet).
Deposit KWENTA via the migration site
Go to the KWENTA Migration Site.
Deposit all your KWENTA.
Claim your SNX as it vests
Once deposited, the SNX tokens are subject to the vesting schedule (3-month cliff, then linear unlock over 9 months).
You’ll return to the migration site to claim the vested SNX gradually.
If you have any problems, do not hesitate to contact an agent.
⚠️ Important: You cannot swap KWENTA for SNX instantly at full value, it’s governed by the vesting schedule.