Solana Migration

Published 07-Feb-2025

See also X publication here

Social DAO has bridged its non-circulating treasury of c. 8.3bn tokens to Solana. The moves are done ahead of upcoming key launches on Solana. DAO's all non-circulating tokens are time-locked in smart-contracts.

New Staking Pool

New staking pool has been established on Streamflow. Social on Sol starting yield is set at 69% APY per day, in addition to the initial rewards of 30m in the pool. for the first two weeks, after which, accompanied with the Social Staking product launch, more rewards will be granted on the Social Staking rewards (social stakers betting on the right horse & high mindshare posters on Farcaster & other social media).

The Base staking pool will discontinue after current Epoch (ending 7th Feb) but can be used until then. After the current Epoch, staking will only available on Solana.

Solana Bridge

Users can bridge the tokens with Stargate.finance has confirmed bridge readiness for Wednesday 29th January.

On Wednesday, to bridge your tokens from the EVM to Solana, just go to stargate.finance and type in $SOCIAL on From Ethereum <> To Solana:

Put your Solana wallet address as receiving address.

Token name on Solana is "Social"

The DAO updates the name of the token, as also displayed on the apps like Phantom as "Social". Until all verifications go through, the token name might appear still as "Phavercoin" on some of the interfaces, including: Phantom, DEXScreener and Gmgn.ai, until all the updates propagate across the platforms.

Solscan will also have the token as verified soon - as well as, key wallets and exchanges.

The token contract address on Solana is:
4WS7CeusWMwWGNALHDJtyxvN9yxydoB7pvM6Pwd9F2VA

Social Near-Term Future

There is also major update coming related to AI Agents. Keep your seatbelt on till 10th Feb

Useful Links

Read our previous announcement about Strategic Framework & Vision