Third-Party Custodians FAQ

This document was last updated on 05/19/2025.

Important

Who is this for?

Target Audience:

• Centralized exchanges and custodians integrating with Pocket Network

• Anyone responsible for $POKT custody, integration, or liquidity management

• Technical and operational teams preparing for the Morse → Shannon migration

Terminology

Term	Meaning
Morse	Current version of Pocket Network your exchange is integrated with
Shannon	Upcoming version of Pocket Network (will replace Morse)
Foundation	Pocket Network Foundation (operational migration lead)
Grove	Official labs team (technical migration lead)

Background and Action Items for Exchanges

Pocket Network will hard-fork from Morse MainNet to Shannon MainNet on June 3, 2025 at 10 a.m. PDT. This is consensus-breaking, non-backwards-compatible upgrade. Activities for June 3, 2025 can be found here: https://medium.com/decentralized-infrastructure/pocket-network-shannon-state-shift-day-b8c06122cb76

Exchanges must:

• Update their integrations to the new version (hard fork).

• Maintain a full-node to the new network OR use a Foundation-vendored RPC endpoint.

• Claim current $POKT token liquidity on the new network.

What IS NOT Changing?

Category	Details
Network Name	Pocket Network
Chain Ticker	$POKT
Liquidity & State	- Snapshot of Morse state during a 14-day migration window - 1:1 migration to Shannon
Tokenomics	- Mint = Burn model launched April 2025 - Weekly manual burning (track at pokt.money) - After migration, burning will occur in real time

What IS Changing?

Accounts/Wallets

• The Shannon upgrade uses the Cosmos Cryptographic Key Scheme.

• A new Cosmos-based wallet is required to claim tokens.

• Tokens will need to be claimed manually.

Token Minting on Morse

• $POKT token minting will stop within the same block that the snapshot is taken.

• Morse will stop functioning as there will be no incentives for validators.

Full Node Integration

• Integrate with new client:

  • Full Node Cheatsheet

  • or get a free Foundation-sponsored RPC endpoint from Grove

Actions Exchanges Must Take (Pre-Migration)

Action	How-To / Links
Create New Wallet	- pocketd CLI tool - Keplr Wallet - Soothe Vault
Integrate Node	- Full Node Cheatsheet - or get a free Foundation-sponsored RPC endpoint from Grove
Claim Tokens	- CLI: pocketd CLI tool - UI: Website with offline signing support (Coming Soon)

TODO (Grove):

• Pocket specific tutorial on using the Keplr wallet

• Pocket specific tutorial on using the Soothe wallet

• Pocket specific tutorial on using the Cosmos multisig wallets

• Tutorial for token claiming website for both online and offline use cases

• Video tutorial on claiming tokens

Have ideas for other improvements? Please open an issue here: https://github.com/pokt-network/poktroll/issues/new?template=issue.md

Timeline

14-Day Migration Window

Before Migration WindowDisable deposits/withdrawals until migration is complete.Integrate with the pocket client (see above).Notify the Foundation in the shared Telegram group when these actions have been taken.After MigrationClaim the tokens on the new network (see above).Re-enable deposits/withdrawals.Notify the Foundation in the shared Telegram group when these actions have been taken.

Communication

• Each custodian should already have a Telegram group with Foundation & Grove personnel.

• For reference, these personnel are located in the US-East timezone, and may therefore have a delayed response time.

• Use your group to ask questions or update on progress.

Where to reach out?

• If you are not already in touch with the Foundation team, please reach out to the community via Discord: https://discord.gg/pocket-network