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Suseless Migration

Last Updated: 3/9/22

TLDR: All SUSLS Farmers please unstake from the Yield Farm as soon as possible. Useless is migrating to its V3 Contract, so SurgeUseless will also need to migrate. There are no longer any taxes on SurgeUseless or its Yield Farm.

As you may be aware, Useless Crypto is migrating to a new V3 contract cross-chain. In lieu of this change, we need to also migrate SurgeUseless to a new contract.

SUSLS Farmers: Please unstake from the SUSELESS-XUSD yield farm as soon as possible. Since Useless is doing a token airdrop, the price of the old Useless Token will fall dramatically. Unstaking from the farm will protect the XUSD you have paired with the old Useless Tokens.

All Farming and xSurge fees for SurgeUseless are disabled, so withdrawing from the farm will NOT be taxed.

For a guide on how to unstake from the SUSELESS farm through our dApp, please

click here.

Details about the SUSELESS migration are below.

We will be launching a new SurgeUseless contract that will be able to interact with the new V3 Useless Token. This will be airdropped to all existing SUSLS holders. All SUSLS holders will have their exact amount of Useless matched on airdrop, this will be a tax free migration.

As a SUSLS holder, you will be able to either hold SUSLS and receive the new SurgeUseless token on relaunch, or sell SurgeUseless tax free and simply migrate the underlying Useless to its V3.

As far as a set date of migration, we are still gathering this information and will pass it along as soon as possible. Our best estimate is sometime around mid March.

We understand this may be of some inconvenience, but the team will keep you informed and will always be willing to answer any questions/suggestions. Know that we are maintaining direct communication with the Useless dev team to ensure this process goes as smoothly for us as it will for them.

Again, If you have any further questions, please don't hesitate to reach out to someone on the team. You will find links to our social platorms at the bottom of this page.

Thank you all sincerely for your understanding!

FAQ's

Will I be charged an early exit fee if I staked within the last 7 days?

No. The lock time and early exit fee have been disabled.

Will I be taxed for unstaking?

No. All Farming and xSurge fees for SurgeUseless are disabled, so withdrawing from the farm will NOT be taxed.

Will their be a sUseless V2?

We will be launching a new SurgeUseless contract that will be able to interact with the new V3 Useless Token. This will be airdropped to all existing SUSLS holders. All SUSLS holders will have their exact amount of Useless matched on airdrop, this will be a tax free migration.

Do I need to do anything once I have unstaked from the sUSELESS farm?

As a SUSLS holder, you will be able to either hold SUSLS and receive the new SurgeUseless token on relaunch, or sell SurgeUseless tax free and simply migrate the underlying Useless to its V3.

Do we have a set date for the Useless migration?

No. But we have been told that it could be sometime around mid March.

What happens if I fail to unstake before the migration?

We strongly encourage you to unstake your tokens as soon as possible. Since Useless is doing a token airdrop, the price of the old Useless Token will fall dramatically. Unstaking from the farm will protect the XUSD you have paired with the old Useless Tokens.

Is there a way of automating this process?

No. Unstaking from the farm can only be done by the farm holder.

Unstaking Guide

  1. Navigate to our

    dApp

  2. Connect your wallet

    dApp Connect Wallet

  3. Click on the farm tab

    dApp Farm Tab

  4. Click on the sUSELESS-xUSD farm

    dApp Farm Tab Open

  5. Slide your staked liquidity to 100% and click unstake

    dApp Farm Tab Slider

  6. Follow your wallets prompts to complete your transaction

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