Vanar Migrates Infrastructure to Base, Impacting Stakers

The Layer 1 project Vanar is planning to migrate its infrastructure to Base next Tuesday. This move will require existing users who are currently staking on Vanarchain validators to unstake first and claim their tokens after a cooldown period. The migration process will also increase the total supply of VANRY from 2.4 billion to 10 billion, with approximately 62% remaining locked during the transition.

According to a previous statement by Vanar, existing holders of VANRY can migrate their tokens at a 1:1 ratio, ensuring that their holdings remain unchanged. However, it's essential for users to note that they need to unstake before the migration begins and claim their tokens after the cooldown period ends.