NOL Migration Update (February 27, 2026)

Status

The migration has reached its final phase. All technical prerequisites have been met, and the protocol is ready for the final transfer of liquidity to the new infrastructure.

Execution Plan

• Dependency: The migration is scheduled to begin immediately following the production launch of the Sodax AMM.
• Start Date: Final migration will commence on March 2, 2026.

Next Steps

Once the Sodax AMM is live in production on March 2, the movement of the final NOL tranches will be initiated. This will conclude the transition process and allow for the activation of associated protocol features, such as the Savings front-end.

NOL Migration Update (February 5, 2026)

Status & Dependencies

The migration of NOL liquidity remains directly tied to the finalization of the Solver V3 infrastructure and its integration with the Sodax AMM.

• Solver V3: The core execution upgrade is now complete.
• Sodax AMM Integration: This is the current active dependency. As noted in other updates, this is scheduled for production on February 23.

Rationale for Strategy

We are maintaining the current liquidity position until the Sodax AMM is fully operational. Moving liquidity prematurely would result in:

• Zero Fee Generation: Assets would sit idle without a functional AMM to process swaps.
• Lack of Arbitrage: to execute revenue-generating arbitrage opportunities.

By waiting until all systems are "up to scratch," we ensure that the moment the liquidity is migrated, it is immediately productive.

Revised Timeline

• Integration Phase: Finishing Sodax AMM integration by late February.