Pi Network has officially commenced its Second Migration Phase following Pi Day 2026, enabling users to transfer additional eligible balances to the mainnet. This stage builds upon the initial migration, allowing participants who completed their first transfer to move remaining balances, which now crucially include referral mining rewards that were not fully processed in earlier stages.
A key condition governs the transfer of these referral bonuses: only rewards linked to referral team members who have passed Know Your Customer (KYC) verification are eligible for migration. Consequently, a user's final transferable balance is directly dependent on the KYC status of their referrals. The network has reported that over 119,000 users have already completed this second phase as access is gradually expanded.
The rollout of referral rewards required extended preparation due to their complex nature. Unlike standard mining rewards, referral bonuses are calculated across individual mining sessions and vary per user, necessitating detailed backend computation and verification of activity records against KYC status before any on-chain recording. This process means that any unverified referral continues to hold back a portion of a user's earnings.
Alongside this update, security measures have been strengthened. Users are now required to complete wallet two-factor authentication before initiating any transfer to the mainnet, a step designed to protect funds given the irreversible nature of blockchain transactions.
The network emphasizes that first migrations remain the priority, and users still awaiting their initial transfer are unaffected, with processing for both stages continuing in parallel. This phase arrives as the Pi ecosystem grows, with features like the Pi Launchpad on testnet and new app integrations aiming to expand Pi's utility beyond simple mining.
The update has elicited a mixed community response. While some view it as steady progress rewarding long-term participation, others have raised concerns regarding KYC issues, including instances where accounts that completed the first migration were moved back to a tentative status, temporarily blocking access to second-phase rewards.
