Since launching the new Colony app on Arbitrum One, early-access users needing a better way to manage their team's finances have highlighted its speed, cost-effectiveness, and reliability. 

As we transition to the next phase of Colony’s rollout, our focus is on optimizing operations by migrating liquidity to Arbitrum One and deprecating support for the legacy app on Gnosis Chain. 

This article provides the actionable information you need to ensure a seamless transition.

1) CLNY Liquidity Migration to Arbitrum One

On 19th December 2024, we will:

  1. Withdraw CLNY liquidity from Gnosis Chain.
  2. Establish a new Uniswap V3 pool on Arbitrum One.

This migration aims to improve trading efficiency by relocating CLNY liquidity to Arbitrum One. By focusing liquidity in a single ecosystem, we intend to simplify access for traders and benefit from Arbitrum’s active user base and growing ecosystem. This change supports a more effective trading environment for CLNY.

Steps to Migrate CLNY

If you hold CLNY on Gnosis Chain, we recommend migrating your tokens to Arbitrum One to prepare for the upcoming Reputation Mining rollout.

  1. Use the Gnosis Chain Bridge to move your CLNY tokens from Gnosis Chain to Ethereum.
  2. Use the Arbitrum Bridge to transfer CLNY from Ethereum to Arbitrum One.

CLNY Contract Addresses:

Gnosis Chain: 0xc9B6218AffE8Aba68a13899Cbf7cF7f14DDd304C

Ethereum: 0x3E828ac5C480069D4765654Fb4b8733b910b13b2

Arbitrum One: 0xD611b29dc327723269Bd1e53Fe987Ee71A24B234

2) Deprecating support for Gnosis Chain

The majority of users have already transitioned from the legacy Colony app on Gnosis Chain to the new version on Arbitrum One. This widespread adoption makes it the right time to phase out support for the legacy Colony UI on Gnosis Chain.

Key Dates and Impact

  • Until 31st December 2024: Existing colonies on Gnosis Chain will continue to be accessible via the legacy Colony UI.
  • After 31st December 2024: The Colony UI and Reputation Mining on Gnosis Chain will be officially discontinued. Users will still be able to interact with their colonies directly via smart contracts.

Next Steps for Gnosis Chain Users

To ensure a smooth transition, we strongly recommend taking the following actions while the Colony UI for Gnosis Chain is still available:

  1. Claim All Stakes: Users should claim all unclaimed stakes in their colonies as soon as possible. To help with this, we have created a dedicated page to check unclaimed colony stakes: Check Unclaimed Colony Stakes. A guide on using MyCrypto to interact with your colony will be provided closer to the deprecation date.
  2. Deactivate tokens: Active tokens are stored in the token-locking contract rather than in the user’s wallet. To ensure the tokens are returned to your MetaMask wallet, you’ll need to deactivate them. This step is vital for regaining full control over your tokens. For detailed guidance, refer to this article: Migrating from Colony V2 to Colony V3.
  3. Transfer Funds: Ensure all funds are withdrawn from colonies on Gnosis Chain before the UI is deprecated. Once the UI is no longer accessible, users will need to interact directly with smart contracts using tools such as MyCrypto.

Additionally, if you have vested CLNY, follow the instructions in this guide to claim your vested tokens: Claiming Vested CLNY.

Finally, we encourage transitioning your colony to Arbitrum One as soon as possible. Our team is ready to assist with:

  • Recreating your colony on Arbitrum One.
  • Transferring funds and assets.
  • Migrating members and reputation.

For guidance, please contact us via email or open a support ticket on our Discord server.

Looking Forward

This consolidation marks the end of the beginning for delivering new Colony. With the final stage of migration complete, we’re poised to realise Colony’s multi-chain vision in Q1, 2025. Stay tuned for updates as we prepare for an exciting new chapter in team financial management.

Thank you for being part of this journey. We’re excited about what lies ahead and look forward to continuing to support your success.

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