How do I swap old Loom (LOOMv1) for new Loom (LOOM)?
Everything you need to know about the transition from old Loom (LOOMv1) to new Loom (LOOM) and how to perform the swap directly inside your Exodus wallet.
In this article:
When was the Loom network token migration?
In early 2021, Loom had an upgrade where it migrated to a new smart contract. The Loom team replaced old Loom (LOOMv1) with a new Loom (LOOM) token. LOOMv1 can be swapped for the new LOOM token at a 1:1 ratio.
Why do I see old Loom (LOOMv1) and Loom (LOOM) in my Exodus wallet?
The LOOM team has kept the name of the new token as LOOM. The old token has been named LOOM (LOOMv1).
So you’ll see two wallets in Exodus that will hold the old and new LOOM:
- Loom (old) (LOOMv1) – old token
- Loom (LOOM) – new token
How do I swap from old Loom (LOOMv1) to new Loom (LOOM)?
To swap your old Loom (LOOMv1) to new Loom (LOOM), you can follow the swap process:
- That’s it! Once the swap is complete, you can go to your new Loom wallet to view your newly received LOOM tokens.
That’s it! Once the swap is complete, you can go to your new Loom wallet to view your newly received LOOM tokens.
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