#What Should REP Holders Know About the Migration?
REP token holders face a pressing deadline. With less than one week remaining, nearly two-thirds of the total supply of REP tokens have yet to migrate to the new REPv2_Yes_1. This equates to approximately 7.3 million tokens still unmigrated out of an 11 million total supply. Coinbase has clarified that it will not assist customers with this migration, placing the responsibility entirely on the holders.
If you currently hold REP tokens on Coinbase, it is crucial to act quickly. You must transfer your tokens to a self-custody wallet and complete the swap independently before August 1, 2026. Failing to do so may leave you with tokens that are no longer functional in the marketplace.
#What Led to the Migration Requirement?
The migration comes as a result of a fork initiated by Augur, a prediction market protocol built on the Ethereum blockchain, early in April 2026. This action was sparked by a test related to a dispute resolution mechanism tied to the Artemis II launch.
The migration window opened in June 2026, allowing REP holders approximately two months to exchange their legacy tokens for REPv2_Yes_1. While the deadline may vary slightly based on different sources, it's prudent to prepare for an August 1 cutoff. Augur has experienced token migrations before; a prior event occurred in 2020 after a significant update.
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#How Many REP Tokens Have Migrated?
As of late July 2026, only about 3.7 million REP tokens have successfully undergone the migration process. This represents roughly 33.6% of the total supply. The Lituus Foundation, contributing to Augur's continuous development, has already transitioned its REP holdings, providing liquidity to the new token.
#What Is Coinbase's Role in This Process?
Coinbase has opted out of facilitating the migration for its users. This decision contrasts with other exchanges that might have different protocols. For example, exchanges like Kraken might offer direct support for the migration or consider delisting the old REP tokens, which would have significant implications for liquidity and trading dynamics.
#What Actions Should REP Holders Take?
For any individual holding REP tokens, the next steps are clear. Move your assets into a compatible self-custody wallet, go to the official migration site at augurfork.eth.limo, and execute the transfer to REPv2_Yes_1 before the August 1 deadline. Stay proactive to ensure you are not left holding obsolete tokens.