V2 Migration

Overview

Users can migrate their legacy $DERP tokens to the upgraded DERP V2 via a dedicated migration interface.

Key changes:

• Ticker symbol is updated from $DERP to DERP

• The new DERP token uses 6 decimal places (previously none)

• All future DD-to-DERP exchanges will issue the new token

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Migration Burn Policy

Legacy $DERP (V1) tokens exchanged during migration will be sent to a blackhole wallet, effectively burning them permanently. This ensures they are no longer accessible and guarantees there will be no option to reverse or migrate back to V1 once the process is completed.

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Liquidity Strategy

Liquidity from the original Minswap pool will be redistributed across both Minswap V2 and WingRiders.

• 20% of trading fees will be routed to a royalty wallet, automatically distributed in both DERP and ADA.

LP Fee Structure

• Buy transactions: 1% fee

• Sell transactions: 3% fee

All project-controlled tokens, including team, reserve, marketing, and other initiative allocations, will be migrated by the Derp Birds team.

Each preminted category will be assigned an official subhandle, providing a transparent and verifiable structure. These subhandles allow community members to track balances and usage across all preminted allocations directly on-chain.