Guide: How to Unstake $MARS on Mars Hub and Restake on DAODAO

This guide will walk you through the steps to unstake MARS on Mars Hub, transfer it via IBC to Neutron, swap the token using the Astroport transmuter pool, and finally stake it in DAODAO on Neutron. 

Step 1: Unstake MARS on Mars Hub

Log into Mars Hub:

1. Access your Mars Hub wallet through your preferred wallet interface such as Keplr, Leap Wallet or Cosmostation Wallet.

Unstake MARS:

1. Navigate to the staking section.
2. Select the amount of $MARS you want to unstake.
3. Confirm the unstake transaction.
4. Note: The unstaking process takes 14 days to complete.
   
   

Step 2: Transfer MARS via IBC to Neutron

Initiate IBC Transfer:

1. Once your $MARS is unstaked and available in your wallet, navigate to the IBC transfer section.
2. Select Neutron as the destination chain.
3. Enter the amount of MARS you wish to transfer.
4. Confirm and initiate the transfer.
5. The IBC transfer may take some time. Ensure the transfer is confirmed before proceeding to the next step.
   
   

Step 3: Swap Tokens with the Transmuter Pool

Access Astroport:

1. Go to the Astroport interface where the transmuter pool is available.

Swap IBC.MARS to (TokenFactory) MARS:

1. Enter the amount of IBC.MARS you want to swap with Mars
2. Make sure you get the 1:1 rate (check route)
3. Confirm the swap transaction.

Receive (TokenFactory) MARS:

1. After the swap is completed, you will receive the new (TokenFactory) MARS tokens in your Neutron wallet.
   
   

Step 4: Stake MARS in DAODAO on Neutron

Log into DAODAO:

1. Access the Mars Hub DAODAO platform on Neutron and login by connecting your wallet.
2. Click on the follow button in the upper right corner.
3. Navigate to the Home section within Mars Hub DAODAO
   
   

Stake MARS:

1. Navigate to the staking (home) section within Mars Hub DAODAO.
2. Select the amount of MARS you wish to stake.
3. Confirm the staking transaction (make sure you have NTRN in your wallet to cover gas fees).
   
   

Participate in Governance:

1. Once staked, you can participate in governance proposals on the Mars Hub DAODAO instance.
   
   

Important Notes

Governance Migration:

• Starting from 29/07/2024, all new governance proposals will be on the Mars Hub DAODAO instance on Neutron.
• The Mars Hub app-chain will remain active for six months to support the token holder migration.

Token Migration:

• Any remaining liquidity in the Astroport transmuter pool after the six-month period will be withdrawn by governance and burned to reduce the total supply of MARS.

Summary

These steps can help you successfully unstake MARS on Mars Hub, transfer it to Neutron, swap it using the transmuter pool, and stake it in DAODAO. This process ensures you are up-to-date with the latest changes in Mars Protocol governance.

If you encounter any issues, please head over to the Mars Discord, create a ticket, and let a moderator know what issue you’re facing.

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