Bitflow's Pool Migration Guide: Maximizing Rewards and Understanding Point Systems

Bitflow, a prominent player in the decentralized finance (DeFi) space, has introduced a Pool Migration initiative, allowing users to transition from Beta Pools to Active Pools. This strategic move aims to provide enhanced rewards, including points, NFTs, and additional incentives for participants. In this comprehensive guide, we will delve into the step-by-step process for migrating liquidity, understand the Bitflow Points System, and address frequently asked questions related to the migration. Additionally, we will explore how users can earn points, the multipliers involved, and the unique benefits for OG and Genesis NFT holders.
Bitflow Pool Migration: Steps for a Rewarding Transition

1. Reclaim LP Tokens:
   • Visit https://app.bitflow.finance/pool and click on "BETA Pools."
   • Check your Bitflow account for available LP tokens.
   • If no tokens are available, ensure they are Actively Earning, and wait for the next unlock cycle.
2. Removing LP Tokens:
   • Withdraw your liquidity by selecting the maximum amount of LP tokens on the withdraw portion of the Beta pool page.
   • Exchange LP tokens for the equivalent amount of tokens in the trading pair.
3. Claim Available Rewards:
   • Ensure to claim any accrued rewards during the beta phase.
4. Unlock Beta Points: Add Liquidity to Active Pools:
   • Provide liquidity to the active liquidity pools.
   • Earn 2.5 points per day on StackingDAO for providing Liquidity to stSTX-STX Pool.
5. Escrow for Additional Rewards:
   • Escrow your LP tokens for the active pools on the Earn page.
   • Continue earning trading fees as rewards.

Understanding Bitflow Points:
Bitflow's Points System quantifies the active involvement of early supporters (BFFs) in the Bitcoin DeFi ecosystem. Points are updated daily and aim to reward both long-term holders and active DeFi users. The system is transparent, and points calculations may be updated by Bitflow at any time.
FAQ for Bitflow Pool Migration:

1. Purpose of Migration:
   • Transition users from beta pools to new pools with better rewards, trading pairs, and advanced DeFi product composability.
2. Earning Points as Beta Liquidity Provider (LP):
   • Beta Program concluded, but early supporters earned 5x points per LP token pair per day. Migrate liquidity to unlock Beta points.
3. Benefits for Beta Escrowed LPs:
   • Beta Escrowed LPs earned 5x points daily for escrowed tokens, plus trading fee rewards. NFT for participating in Beta offers a points multiplier.
4. Migrating to New Pools:
   • Reclaim LP Tokens, remove liquidity, and add liquidity to new pools.
5. Active Pool Points Breakdown:
   • Detailed breakdown provided at the top of the article.
6. Unlocking Beta Points:
   • Add enough liquidity to active pools to match LP tokens from the Beta pools. Progress bar tracks migration completion.
7. Being Both an LP and Escrowed LP:
   • Yes, users can provide liquidity as an LP and escrow tokens as an Escrowed LP.
8. LP Token Activity Duration:
   • Duration counted in Cycles, approximately 144 Bitcoin blocks or ~1 day.
9. Tracking Points:
   • Real-time updates available on the user points dashboard.
10. Withdrawing Before Migrating:
    • Withdrawal halts point earnings. Migrate to the new pool to continue earning.
11. Points Cap:
    • No cap; earnings depend on participation level and duration.
12. Security of Migration Process:
    • Secured with audited smart contracts for accuracy and safety.

Earning Points: Multipliers and Examples
Bitflow introduces a dynamic points system where users can earn liquidity points through escrowing LP Tokens. Different pools and cycles have specific multipliers. Here are some examples:

• USD Pools: 1 Point/Day
• STX Pools: 2 Points/Day
• BTC Pools: 50,000 Points/Day

Cycle Multipliers for Active Pools on Public Mainnet:

• 4x Per Day / LP Token Escrowed (First 30 Cycles)
• 3x Per Day / LP Token Escrowed (Cycles #31–60)
• 2x Per Day / LP Token Escrowed (Cycles #61–90)
• 1x Per Day / LP Token Escrowed (Cycles #90+)

Special Multiplier for OG and Genesis NFT Holders:
Bitflow acknowledges OG (Private Beta) and Genesis NFT holders with a special points multiplier. This multiplier recognizes active participation and early contributions as liquidity providers, offering additional rewards for past and future points. More details on this special multiplier are expected soon.

Bitflow's Pool Migration is a strategic move to provide users with enhanced rewards and improved DeFi opportunities. By following the outlined steps, users can seamlessly transition from Beta to Active Pools, unlocking points and additional incentives. The Bitflow Points System adds a layer of transparency to reward early supporters, and the dynamic multipliers provide flexibility based on user activity. The FAQ section addresses common queries, ensuring users have a clear understanding of the migration process. With the introduction of special multipliers for OG and Genesis NFT holders, Bitflow continues to prioritize and recognize the contributions of its earliest supporters in the evolving landscape of Bitcoin DeFi.