PEG is Hyperstable's token on Hyperliquid. aPEG is a -temporary- wrapped variant on Arbitrum.
aPEG holders that want to enjoy all protocol functionality and benefits of PEG should migrate.
Users migrate by depositing their aPEG into a protocol controlled contract on Arbitrum. The system then distributes PEG at a 1:1 ratio on HyperEVM. The migration is one-way and cannot be reversed.