Cosmonaut96 🐻⛓️🧪

As work continues on Sentinel's migration to Solana, different approaches are being developed to ensure $P2P holders can migrate securely. One approach uses a phased burn-and-mint process, where $P2P is burned on the existing Sentinel chain, and the corresponding tokens are minted on Solana. The process would be carefully phased to ensure the existing Proof-of-Stake network continues to function correctly as the amount of liquid $P2P remaining on the Sentinel chain approaches zero. Another approach uses a Merkle tree-based claim coordinated with the eventual halting of the Sentinel chain. A provable snapshot of $P2P ownership could then allow holders to claim their corresponding $P2P on Solana without requiring tokens to be individually burned first. Both approaches are being considered with the same priority: making the transition to Solana secure, verifiable, and effectively managed for $P2P holders. The migration will be carefully coordinated, with timelines, key milestones, and any actions required from holders communicated clearly and well in advance. More details will follow as development progresses.