Migration: Upgrading TEL Held Inside TELx

This guide explains how to migrate from old TEL → New TEL and move liquidity into the new Uniswap v4 TELx pools.

Important: Upgrading TEL must only be done through the official Telcoin upgrade portal: https://tel3.telcoin.network/

Step 1 — Unsubscribe Your TELx Position

Unsubscribe through the TELx dashboard to unlock your liquidity.

Unsubscribing unlocks your TEL and liquidity positions so they can be withdrawn and upgraded. You will not lose any TEL during this step; it simply removes your position from the reward system so you can proceed with the upgrade.

Step 2 — Withdraw Your Liquidity

TELx users may hold liquidity in two different formats depending on the pool type. This step ensures you withdraw your liquidity correctly based on the format you hold.

Balancer LPTs

If your TELx position includes liquidity from Balancer pools, you will withdraw ERC-20 LPTs (Liquidity Pool Tokens) representing your proportional share of the pool.

• Withdraw → receive LPTs
• Redeem LPTs on Balancer → receive TEL + paired asset

Uniswap NFTs

If your TELx position includes liquidity from Uniswap, your liquidity is represented as NFT positions.

• Withdraw → receive NFT(s)
• Burn/collect on Uniswap → receive TEL + paired asset

After withdrawal, you will hold old TEL + paired asset.

Step 3 — Upgrade Old TEL → New TEL

Use the New TEL upgrade portal to convert your old TEL into new TEL: https://tel3.telcoin.network/

The upgrade is 1:1 and your balance remains equivalent. This step is required before you can provide liquidity to the new Uniswap v4 pools.

Step 4 — Provide Liquidity to New Uniswap v4 Pools

Choose How You Want to Provide Liquidity

Now that your TEL is upgraded, you have two options for supplying liquidity to the new Uniswap v4 pools. Both paths ultimately result in the same pool positions but only one path automatically subscribes your position for rewards.

TELx strongly recommends using TELx directly for the fastest, simplest, and reward-ready experience.

Option A: Provide Liquidity Directly on TELx (Recommended)

TELx now supports native liquidity provision, allowing you to create Uniswap v4 positions directly inside the TELx interface.

Benefits of using TELx:

• Your position is automatically subscribed to TELx rewards
• You never need to leave the platform
• Pool data, ranges, TVL, and reward rates are visible before you commit
• The flow is consistent across Polygon, Base, and Ethereum
• It is the fastest path from “I want to LP” → “I’m earning rewards”

This is the preferred method for all users.

Option B: Provide Liquidity on Uniswap (Manual Subscription Required)

You may also choose to supply liquidity directly through the Uniswap interface.

Important: If you create your position on Uniswap, you must return to TELx afterward to subscribe your position. Unsubscribed positions do not earn Merkl-managed TEL rewards.

This option is available for users who prefer interacting directly with Uniswap, but it requires an additional step and offers less guidance than TELx.