Everything you need to know about how to swap old Kyber (KNCL) to the new Kyber (KNC) token with Exodus Desktop.
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In this article:
When was the Kyber network token migration?
In April 2021, Kyber underwent an upgrade, migrating to a new smart contract.
As a part of the upgrade, the Kyber team replaced the old Kyber (KNCL) token with a new Kyber (KNC) token and made it possible to swap the old KNCL token for the new KNC token at a 1:1 ratio.
Why do I see old Kyber (KNCL) and Kyber (KNC) in my Exodus wallet?
The Kyber team has kept the same name for the new token. However, the old tokens use the ticker KNCL.
So you'll see two Kyber wallets in Exodus, one for the old token and one for the new:
Kyber (old) (KNCL) - old token
Kyber (KNC) - new token
How do I swap from old Kyber (KNCL) to new Kyber (KNC)?
Follow the steps below to swap your old Kyber (KNCL) to Kyber (KNC) with Exodus Desktop.
Swapping from KNCL to KNC is only supported on Exodus Desktop.
If you use Exodus Mobile or Exodus Web3 Wallet, you can sync your wallet to Exodus Desktop to complete the swap: How do I sync my Exodus wallet to a different device?
Desktop
In Exodus Desktop, you first need to ensure that you have enabled both the old KNCL and the new KNC token. To enable them, you need to add them as custom tokens. For a guide, visit: How do I add a custom token?
When you add KNCL and KNC as custom tokens, you'll need to use the following token contract addresses:
Kyber (old) (KNCL): 0xdd974D5C2e2928deA5F71b9825b8b646686BD200
Kyber (KNC): 0xdeFA4e8a7bcBA345F687a2f1456F5Edd9CE97202
Next, open your Kyber (old) KNCL wallet, a) click the menu in the top right-hand corner, then b) click Claim KNC.
To swap to the new KNC token, you will need some ETH to pay network transaction fees. To confirm, click Claim.
Do not close Exodus until you see the Swap Successful! screen (should not take more than a few minutes).
That's it! Once the swap is complete, you can see your KNC tokens in your Kyber (KNC) wallet.