TLTR
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Migrating DACKIE and QUACK to the DACKIE Superchain
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DACKIE Superchain Tokenomics
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Why the Migration Matters
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Temporary Pause for dckUSD Minting and Burning
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Important Updates to Token Emission and Staking
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Legacy Page Support Timeline
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What the Migration Means for the Community
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Next Steps for Migration
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Conclusion
Summary Important Points:
The token migration page has not been published yet, it will be available next week.
Users need to remove their LP from the old farming pool and migrate to the new farming pool.
Current locked staking will continue to receive rewards.
A legacy page is available to support old LPs for users who migrate later.
Introduce about Token Migration: Unifying the Ecosystem with DACKIE Superchain
DackieSwap is excited to announce the comprehensive migration of the DACKIE and QUACK tokens into a unified token DACKIE Superchain. This strategic move solidifies our commitment to delivering a more streamlined, scalable, and transparent ecosystem, aligned with the future of decentralized finance (DeFi) innovation.
Here’s everything you need to know about the migration process and why it marks the next important step for the DackieSwap community:
Migrating DACKIE and QUACK to the DACKIE Superchain
The DackieSwap migration involves moving two existing tokens—DACKIE and QUACK—to a new standard under the DACKIE Superchain, leveraging the power of the SuperchainERC20 token standard. This migration streamlines the token ecosystem by combining DACKIE and QUACK into just one token: DACKIE.
By transitioning to a unified token model, we are eliminating unnecessary fragmentation and focusing all attention on DACKIE, simplifying its utility, governance, and adoption across the ecosystem.
DACKIE Superchain Tokenomics
As part of the migration, the DACKIE Superchain introduces a new tokenomics model that ensures long-term sustainability, transparency, and growth. Below are the key details:
1. Migration Rate
The migration process will involve converting the old tokens to the new DACKIE Superchain token at the following rates:
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10 old DACKIE = 1 DACKIE Superchain
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150 QUACK = 1 DACKIE Superchain
These rate because new Total Supply updated from 1B → 115M. This conversion rate reflects the consolidation of both token models into a single, unified token while preserving their relative values.
2. Total Supply
The max supply of the new DACKIE Superchain token will be 115,000,000, which combines the current supply of both DACKIE and QUACK. This supply cap ensures a sustainable tokenomics model that balances liquidity, utility, and long-term growth.
3. Estimated Circulating Supply After Migration
After the migration, the estimated circulating supply of DACKIE Superchain tokens will be approximately 78,000,000. This includes the tokens converted from the old DACKIE and QUACK tokens.
4. Emission Schedule
The remaining tokens (approximately 37,000,000) will be emitted over the next 3 years through a curve emission rate. The emission rate will follow a carefully designed model:
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Gradual Reduction: The emission rate will decrease over time, ensuring a smooth and sustainable release of tokens into the ecosystem.
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Controlled by Smart Contracts: The entire emission process will be managed by immutable smart contracts, ensuring transparency and preventing any human interference.
This emission model ensures that the supply of DACKIE remains predictable and aligned with the growth of the ecosystem, avoiding inflationary risks while supporting ongoing incentives for the community.
Why the Migration Matters
1. SuperchainERC20 Support for Native Bridging
The migration enables DACKIE to adopt the SuperchainERC20 token standard, which natively supports seamless bridging across the Optimism Superchain ecosystem.
This brings several key benefits:
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Cross-Chain Functionality: DACKIE will be fully interoperable across multiple Superchain, improving efficiency for users and developers alike.
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Wider Ecosystem Access: As part of the Optimism Superchain, DACKIE will gain exposure to a larger network of projects and potential partnerships.
By embracing this cutting-edge technology, DackieSwap positions itself at the forefront of scalability and interoperability innovations.
2. Solving Divided Attention: One Unified Token
Previously, DackieSwap operated with two token models—DACKIE and QUACK, each with its respective functions. While effective during the early stages of the project, this dual-token approach split our ecosystem’s attention and fragmented its utility.
With the migration, we combine the utility, value, and vision of both tokens into DACKIE as the sole token for:
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Governance
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Staking and yield farming reward
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Utility within the Superchain ecosystem
This unified, single-token model will focus the community’s energy and maximize the value of DACKIE as the heartbeat of DackieSwap. By streamlining our ecosystem in this way:
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Clarity is improved: Users now interact with only one token.
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Liquidity is concentrated: All financial actors will focus on a single vibrant market.
3. Complete Transparency in Token Emission
One of the most exciting advancements with this migration is we will design the new DACKIE Superchain complete decentralization and transparency of token emission. The migration introduces a fully automated emission mechanism controlled entirely by smart contracts, designed to follow predefined tokenomics rules. This comes with significant benefits:
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No Human Interference: The days of potential human mismanagement or centralized control over token supply are over. The new contract-driven system ensures emission rates are followed without any external interference.
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Alignment with Tokenomics: Emissions are dynamic, predictable, and aligned to the tokenomics model tailored to ensure long-term sustainability and value growth.
With this level of transparency and immutability, the DACKIE tokenomics become a benchmark for trust and innovation in the DeFi space.
Temporary Pause for dckUSD Minting and Burning
During the migration process, the ability to mint and burn dckUSD will be temporarily paused to ensure a smooth transition and prevent any disruptions. Once the migration is complete, we will launch the new DackieUSDFactory on the DACKIE Superchain, enabling users to mint and burn dckUSD using the new DACKIE token on the Superchain.
What to expect:
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Temporary Pause: Minting and burning dckUSD will not be available during the migration period. Users are encouraged to plan accordingly.
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New Dackie USD Factory: After the migration, the new Dackie USD Factory will be fully operational, allowing users to seamlessly mint and burn dckUSD using the new DACKIE Superchain token.
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Improved Stability and Transparency: With the new system, the dckUSD minting and burning process will be more efficient, transparent, and aligned with the Superchain ecosystem.
We appreciate your patience during this transition as we work to deliver a more robust and scalable platform for the entire DackieSwap ecosystem.
Important Updates to Token Emission and Staking
1. Stopping Old Token Emission via Yield Farming
As part of this migration, all old token emissions through yield farming will be stopped. A new emission contract will be set up to align with the updated tokenomics and ensure fair and sustainable distribution of DACKIE.
For users who still have funds in the legacy yield farming pools, we will maintain a link to the legacy page so users can withdraw their LP tokens. However, please note:
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The legacy page will only be available for 1 year after the migration.
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After this period, users will no longer be able to migrate or withdraw from the old pools.
We encourage all users to withdraw their LP tokens as soon as possible and migrate to the new system.
2. Current Locked Staking Rewards Will Continue
For users participating in locked staking, your rewards will continue as usual. You will still receive rewards for the duration of your locked staking period. However:
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Once your locked staking period ends, you will need to migrate your tokens to the new staking system.
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The new staking system will operate on the DACKIE Superchain, fully integrated with the updated tokenomics and emission contracts.
This ensures a smooth transition for stakers while maintaining the integrity of the rewards system.
Legacy Page Support Timeline
To facilitate the migration and ensure users have ample time to transition, the legacy page for yield farming and staking will remain accessible for 1 year. During this time:
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Users can withdraw their LP tokens.
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Staking rewards from the old system will still be claimable.
However, after the 1-year period, the legacy page will be decommissioned, and users will no longer be able to access or migrate their tokens. We strongly encourage all users to complete the migration process as soon as possible to avoid any disruptions.
What the Migration Means for the Community
For our community of users, liquidity providers, and stakeholders, this migration is more than just a technical upgrade—it’s an evolutionary step that positions DackieSwap to thrive in the ever-changing DeFi environment. Here’s how it will benefit you:
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Simplified Experience: No more confusion between two tokens—your focus is now solely on DACKIE.
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Enhanced Token Utility: The unified DACKIE token becomes stronger, backed by a larger network and greater interoperability.
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Improved Security and Trust: The new system prioritizes automation, transparency, and decentralization, where users can trust the system without the need for human influence.
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Future-Proof Scaling: With SuperchainERC20 compatibility and Optimism’s advancements, DackieSwap is prepared to support even more users and dApps in the future.
Next Steps for Migration
Migrating your tokens to the new DACKIE Superchain is simple. The migration portal will be launched soon, allowing holders of both DACKIE and QUACK to seamlessly convert their tokens into the new DACKIE (Superchain-compatible) tokens. Be sure to follow DackieSwap's official channels for updates and a step-by-step guide to ensure a smooth transition.
Conclusion: A New Era for DackieSwap
This migration is a monumental step forward for DackieSwap, unifying our ecosystem, embracing cutting-edge technologies, and creating a transparent, streamlined, and scalable future. As we launch the DACKIE Superchain, the stage is set for our community to grow, innovate, and take advantage of the opportunities in the rapidly-expanding DeFi universe.
Let’s build the future of decentralized finance—together, with DACKIE at its core.
Stay tuned for updates and start preparing for the migration today!