2026-01-08 15:25:25

Sei Chain recently issued an important notice: all USDC.n holders need to complete the migration to Sei's native version by the end of March 2026, or they may lose governance rights and subsequent ecosystem incentives. This provides users with approximately 16 months to operate.

The logic behind this migration is straightforward: Sei wants to unify the USDC ecosystem on its chain into its own system. What benefits can users gain by completing the migration? There are mainly two — one is voting rights in ecosystem governance, and the other is the opportunity to earn SEI token rewards. Although the official has not yet announced specific reward amounts, given the scale of this move, it definitely won't be a free transfer for users.

It is especially important to pay attention to the risks. If users do not migrate before the deadline, they will become "second-class citizens," directly losing governance rights and reward opportunities. Additionally, from a technical perspective, cross-chain migration involves transaction fees and wallet compatibility issues, so be sure to confirm in advance whether your wallet supports Sei chain operations. In the short term, such migrations often cause some users to panic, which may lead to market fluctuations.

Similar tactics have already been played out in the industry. Last year, Polygon's handling of USDC was exactly this — locking users into their own ecosystem. Imagine if Ethereum suddenly announced that ERC20 USDT must be converted into the native ETH version; instantly, all USDT holders would become "off-chain assets" in the Ethereum ecosystem.

Therefore, it is recommended that USDC.n holders do not wait until the last minute. Start preparing now: confirm wallet compatibility, understand the migration process, and calculate transaction fees. This is not just a technical operation but also a key step in participating in the development of the Sei ecosystem.

SEI2,9%

USDC-0,01%

ETH2,82%

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OnchainGossiper

· 01-10 23:05

Another user-locking tactic, Sei this time is really ruthless. Here we go again, it seems like these chains all want to lock users tightly into their ecosystems. 16 months sounds generous, but such migrations often only really get moving at the last minute. Those who don't migrate directly become second-class citizens, which is a bit harsh. Transaction fees will be paid again, early accounting is very important. Polygon also did this before; the tactics are becoming more and more familiar. Indeed, it's best to act early and not wait for the deadline; these things are most vulnerable to failure. Rewards haven't been clearly announced yet, so users have to transfer funds obediently, which feels a bit forced. However, there is real motivation to participate in governance and SEI rewards, just need to manage risks well. Wallet compatibility needs to be tested in advance; it would be disastrous if issues arise later.

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OnchainHolmes

· 01-10 11:03

Another trick of "not transferring to devalue" again, I learned my lesson with Polygon that time. --- 16 months may sound long, but you know how fast transaction fees eat up the little guys. --- Wallet compatibility really needs to be tested in advance, don’t get stuck there later. --- Free riding? Sei can’t be free this time, there’s definitely some benefit involved. --- The term "second-class citizen" is used perfectly here, it’s basically a forced conversion in disguise. --- Acting early is always the right move, wait until March next year when the network gets clogged and speeds drop. --- Still the same advice, manage your assets independently but don’t be tied down by the ecosystem, live freely.

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SnapshotBot

· 01-08 15:52

It's the same old trick of locking in users, Sei has learned it too. Listening to the relaxed terms for 16 months, it's actually just so-so. When the time comes, it'll definitely be another big exodus. The transaction fee must be calculated carefully; don't end up earning rewards but losing on gas fees.

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zkProofInThePudding

· 01-08 15:47

It's the same old trick again—locking users into their ecosystem, making them second-class citizens if they don't migrate, a classic case of forced binding.

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MEV_Whisperer

· 01-08 15:46

Using the same trick again? Locking in users — it's an old move. Polygon already tried it last year.

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Frontrunner

· 01-08 15:33

Here we go again with this trick? Locking users in, Polygon already tried this last year --- 16-month window sounds generous, but it's actually just a way to corner the market --- Wait, how much are the fees? That's the real question --- Not migrating means becoming a second-class citizen? That's a bit harsh, Sei --- They haven't even disclosed the specific SEI rewards, and they want us to transfer first? That's funny --- Wallet compatibility needs to be checked in advance, don't get stuck later --- This move is just to completely trap retail investors in the ecosystem --- Start preparing now, don't wait until the last minute and end up in a mess --- Reminds me of the hypothetical scenario of transferring ERC20 to native ETH, Sei's move is really not very kind

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