Astroport, a Tera-based AMM offering non-custodial and decentralized liquidity, has witnessed an exclusive development. According to the recent announcement on X, the platform has effectively migrated staking and governance from the open-source blockchain forum Terra to Neutron. It noted in its message that the development in question marks the momentous step of the first transaction of this type.
Today marks a groundbreaking moment in the Cosmos ecosystem: Astroport has successfully migrated its governance and staking hub from Terra to Neutron. This historic achievement represents the first-ever transfer of a protocol’s governance hub from one blockchain to another within… pic.twitter.com/Fjd0CuFrn0
— Astroport ✦ (@astroport_fi) April 12, 2024
Astroport’s latest migration enables the silencing and control of neutrons
According to the company, this initiative highlights an exclusive era of cross-chain collaboration and functionality. Astroport also announced the details of this development. In this regard, it turned out that xASTRO and ASTRO tokens have switched to TokenFactory’s standard. Therefore, the name ASTRO has been changed to ASTRO.cw20, while xASTRO.cw20 is the new name of xASTRO.
The customers can use the staking and governance operations on Neutron. For this purpose, they can convert the tokens on Astroport’s trading pages. The platform added that it has not created liquidity pools on the chains. As a result of these changes, this is a notable issue for ASTO stakeholders and holders. They can take specific actions to ensure an unparalleled transition to the latest tools and standards.
The holders can convert the tokens on any chain other than Osmosis. For Osmosis users, there is a requirement to initially bridge the tokens to the supported chains for exchange. The stakers must unstake the tokens in order to convert them. For the re-withdrawal, they will need to access the bridge page to migrate the tokens to Neutron.
The platform to unveil vxASTRO on Neutron
The liquidity providers can withdraw tokens by removing liquidity from the already operating pools. They can exchange by converting the tokens. To provide liquidity again, they need to add the latest tokens to the exclusive ASTRO pools on the chain. After the migration, the company plans to unveil vxASTRO on Neutron.