Migrations

Yield Farm Migrations

When we choose to migrate from one farm to another all funds in one farm strategy and withdrawn and redeposited into the specified strategy.

Lender Migrations

When we choose to migrate from one lender to another, all funds in the lender strategy are repaid using a flash loan and the position is moved to the new lender strategy.

High level steps are:

1. take flashloan

2. repay debt from old lender

3. withdraw collateral from old lender

4. deposit collateral with new lender

5. borrow from new lender

6. repay flash loan

Migration fees in the form of flash loan fees are distributed to users.