# Proposal: Move v2.1 liquidity to v3 **URL:** \ **Category:** Community Chatroom (DISCUSSION)\ **Created:** [July 19, 2022, 8:51pm UTC](https://gov.bancor.network/t/proposal-move-v2-1-liquidity-to-v3/3872 "2022-07-19T20:51:02Z")\ **Posts on this page:** 5\ **Page:** 12
**Author:** ![yudi](https://avatars.discourse-cdn.com/v4/letter/y/34f0e0/32.png) [@yudi](https://gov.bancor.network/u/yudi)\ **Post date:** [October 2, 2022, 6:50am UTC](https://gov.bancor.network/t/proposal-move-v2-1-liquidity-to-v3/3872/235 "2022-10-02T06:50:02Z")
Please see this if you missed it - > [@Migrate POL from v2.1 to v3](https://gov.bancor.network/t/migrate-pol-from-v2-1-to-v3/4081): > > Continuing the discussion from [Proposal: Move v2.1 liquidity to v3](https://gov.bancor.network/t/proposal-move-v2-1-liquidity-to-v3/3872/231): Data Insights on v2.1 → v3 Migrations Part 4: Migrating TKN In-Excess of IL-adjusted Staked Balance - Capped by Protocol-Owned Liquidity Q: Can we migrate all protocol-owned liquidity that is not owed to v2 stakers - after considering position-specific IL - to assist with the v3 deficit? TLDR - Since v2 positions are exposed to impermanent loss, the amount owing to v2 stakers is the current staked balance minus the IL-incu… ---
**Author:** ![umstah](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/umstah/32/2605_2.png) [@umstah](https://gov.bancor.network/u/umstah)\ **Post date:** [October 7, 2022, 2:53pm UTC](https://gov.bancor.network/t/proposal-move-v2-1-liquidity-to-v3/3872/236 "2022-10-07T14:53:24Z")
I prefer the solution discussed in Part 4 - and it seems the responses in that thread were in broad agreement. Is that enough to move it forward? ---
**Author:** ![infoparity](https://avatars.discourse-cdn.com/v4/letter/i/cdc98d/32.png) [@infoparity](https://gov.bancor.network/u/infoparity)\ **Post date:** [October 7, 2022, 3:20pm UTC](https://gov.bancor.network/t/proposal-move-v2-1-liquidity-to-v3/3872/237 "2022-10-07T15:20:14Z")
Agree this needs to get to resolution after 110 days since the shutoff. Trying to summarize everything above it seems like the path to resolution is as follows: # V2.1 and V3 Resolution ## Phase 1: Cooldown Period - Provide a 1-2 week cooldown period for v2.1 LPs to make a final determination to migrate to v3 or stay in 2.1 ## Phase 2: Permanently stop migrations to v3 - Remove the ability for v2.1 to migrate to v3 permanently after the cooldown period has lapsed. This prevents gaming the system to minimize an LP’s potential losses. ## Phase 3: Move v2.1 POL Surplus - Move the POL surplus for v2.1 pools in surplus per XRX’s analysis. ## Phase 4: Reopen v2.1 withdrawals - After POL surpluses are migrated, reopen the ability to withdraw from v2.1. LPs withdrawing from v2.1 will experience **true impermanent loss** , not the additional rebalancing losses based on XRX solution. Please let me know if I am missing anything but I think this summarizes the current state. What will this take to get this to proposal? ---
**Author:** ![teamAsaf](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/teamasaf/32/14_2.png) [@teamAsaf](https://gov.bancor.network/u/teamAsaf)\ **Post date:** [October 11, 2022, 7:25am UTC](https://gov.bancor.network/t/proposal-move-v2-1-liquidity-to-v3/3872/238 "2022-10-11T07:25:44Z")
not effecting this specific plan, but there might be a need to redo the same thing (well, moving v2.1 liquidity to v3) again in the future as v2.1 POL surplus is a dynamic value. ---
**Author:** ![Jindo](https://avatars.discourse-cdn.com/v4/letter/j/c2a13f/32.png) [@Jindo](https://gov.bancor.network/u/Jindo)\ **Post date:** [October 18, 2022, 12:29pm UTC](https://gov.bancor.network/t/proposal-move-v2-1-liquidity-to-v3/3872/239 "2022-10-18T12:29:04Z")
> [@NIX](#): > > | token | v2\_current\_surplus\_perc | v2\_postMigration\_ILthreshold\_surplus\_perc | v3\_current\_surplus\_perc | v3\_postMigration\_ILthreshold\_surplus\_perc | > | --- | --- | --- | --- | --- | > | eth | -37.1% | -68.5% | -60.0% | -51.9% | > | link | 94.2% | 76.7% | -48.4% | -45.7% | > | usdc | -6.8% | -53.4% | -41.1% | -29.0% | > | usdt | 8.4% | -45.8% | -43.9% | -32.8% | > | wbtc | -64.2% | -82.1% | -50.6% | -25.2% | if the vote passes, what will happen specifically to the wbtc pool. will the current deficit on this pool get reduced from aprox 50% down to 25%? Just wanted to clarify before I vote. thanks [Previous page](https://gov.bancor.network/t/proposal-move-v2-1-liquidity-to-v3/3872.md?page=11)