NOL Migration Update 09/09/2025

• Initial Plan: The original approach was to estimate fixed amounts of NOL to migrate per time period.
• Validator Input: Validators suggested a more flexible process, with one vote authorizing the entire migration.
• Governance Outcome: A vote passed to escrow NOL ownership, allowing withdrawals in variable amounts as needed.
• Next Steps: Starting in early September, migrations will proceed gradually, aligned with partner rollovers to the new infrastructure.

This checklist covers governance, asset handling, and communication steps to migrate a portion of NOL into the Sodax Money Market.

All assets will be secured under the SODAX Protocol Governance Board.

NOL Migration Checklist

• [x] Vote to approve overall NOL migration
• [x] First vote: migrate $10k worth of each asset
• [ ] Second vote: migrate 25% of total liquidity
• [ ] Third vote: migrate 75% of remaining liquidity
• [ ] Finalize and complete full NOL migration