TLX is being unified into the Synthetix system. The migration process allows you to convert TLX into SNX under a vesting schedule.
How the migration works & key details
A swap interface is now live for migrating your TLX to SNX.
There is a 1-month lock period, followed by a 4-month linear vesting.
The lock period for all TLX holders started on December 5th, 2024, no matter when TLX tokens are sent to the contract.
After 2 years, any TLX not sent to the contract will be deemed lost and will not convert into SNX.
Conversion rate: 18 TLX = 1 SNX
Step-by-step: Migrating TLX to SNX
Deposit TLX via the migration site
Go to the TLX Migration Site.
Deposit all your TLX.
Claim your SNX as it vests
Once deposited, the SNX tokens are subject to the vesting schedule (linear unlock over 4 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 TLX for SNX instantly at full value, it’s governed by the vesting schedule.