Layer 2
We are happy to announce that our DeFi Protocols will all live natively on L2! However, our upcoming $PIXL DEFI applications will not be launched until PIXL Labs has completed all strategtic and legal proceedings for our in-progress Layer 2 Scaling Solution partnerships. However, we can share that we have designed a plan to migrate $PIXL to become a native L2 utility token, without affecting any of our existing L1 DApps usecases nor any up-front migration costs to users!
- Deploy L2 PIXL ERC20 Smart Contract
- Deploy L1 PIXLForwarder IERC20 Contract
- Airdrop All L1 $PIXL Holders the equivalent amount of L2 $PIXL
- Withdraw and migrate all liquidity from L1 $PIXL to L2 $PIXL
- Deprecate L1 $PIXL
Once this is complete, users will be able to continue staking Sappy Seal NFTs on L1, but you will be earning L2 $PIXL post-migration! This L2 $PIXL will fuel our DeFi Protocolsο»Ώ smart contracts deployed on L2, powerful in-game currency transactions in the Pixlverse, Pixl Pet breeding, a new native L2 PIXL Marketplace, and more! Pixlverse users will be able to benefit from all the security of the Ethereum mainnet, as well as considerably cheaper gas, and speedy transactions! Namely, we will utilize a true Layer 2 solution with proven value and liquidity stickiness, not a centralized fork of our own!
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