diff --git a/native/navigation/overlay-context.js b/native/navigation/overlay-context.js
index e19fdcd40..5f813ee18 100644
--- a/native/navigation/overlay-context.js
+++ b/native/navigation/overlay-context.js
@@ -1,32 +1,37 @@
 // @flow
 
 import * as React from 'react';
+import type { SharedValue } from 'react-native-reanimated';
 import Animated from 'react-native-reanimated';
 
 export type VisibleOverlay = {
   +routeKey: string,
   +routeName: string,
+  // position is deprecated - use positionV2 and Reanimated V2 API
   +position: ?Animated.Value,
+  +positionV2: ?SharedValue<number>,
   +shouldRenderScreenContent: boolean,
   +onExitFinish?: () => void,
   +presentedFrom: ?string,
 };
 
 export type ScrollBlockingModalStatus = 'open' | 'closed' | 'closing';
 
 export type OverlayContextType = {
   // position and isDismissing are local to the current route
+  // position is deprecated - use positionV2 and Reanimated V2 API
   +position: ?Animated.Node,
+  +positionV2: ?SharedValue<number>,
   +shouldRenderScreenContent: boolean,
   +onExitFinish?: () => void,
   +isDismissing: boolean,
   // The rest are global to the entire OverlayNavigator
   +visibleOverlays: $ReadOnlyArray<VisibleOverlay>,
   +scrollBlockingModalStatus: ScrollBlockingModalStatus,
   +setScrollBlockingModalStatus: ScrollBlockingModalStatus => void,
   +resetScrollBlockingModalStatus: () => void,
 };
 const OverlayContext: React.Context<?OverlayContextType> =
   React.createContext(null);
 
 export { OverlayContext };
diff --git a/native/navigation/overlay-navigator.react.js b/native/navigation/overlay-navigator.react.js
index d0385a860..37af29974 100644
--- a/native/navigation/overlay-navigator.react.js
+++ b/native/navigation/overlay-navigator.react.js
@@ -1,581 +1,618 @@
 // @flow
 
 import type {
   StackNavigationState,
   NavigatorPropsBase,
   ExtraNavigatorPropsBase,
   CreateNavigator,
   StackNavigationProp,
   ParamListBase,
   StackNavigationHelpers,
   ScreenListeners,
   StackRouterOptions,
   Descriptor,
   Route,
 } from '@react-navigation/core';
 import {
   useNavigationBuilder,
   createNavigatorFactory,
   NavigationHelpersContext,
 } from '@react-navigation/native';
 import { TransitionPresets } from '@react-navigation/stack';
 import invariant from 'invariant';
 import * as React from 'react';
 import { View, StyleSheet } from 'react-native';
-import Animated, { EasingNode } from 'react-native-reanimated';
+import Animated, {
+  Easing,
+  EasingNode,
+  cancelAnimation,
+  makeMutable,
+  withTiming,
+} from 'react-native-reanimated';
+import type { SharedValue } from 'react-native-reanimated';
 
 import { values } from 'lib/utils/objects.js';
 
 import {
   OverlayContext,
   type VisibleOverlay,
   type ScrollBlockingModalStatus,
 } from './overlay-context.js';
 import OverlayRouter from './overlay-router.js';
 import type {
   OverlayRouterExtraNavigationHelpers,
   OverlayRouterNavigationAction,
 } from './overlay-router.js';
 import {
   scrollBlockingModals,
   TabNavigatorRouteName,
   CommunityDrawerTipRouteName,
   MutedTabTipRouteName,
   NUXTipOverlayBackdropRouteName,
   HomeTabTipRouteName,
   IntroTipRouteName,
 } from './route-names.js';
 import { isMessageTooltipKey } from '../chat/utils.js';
 
 const newReanimatedRoutes = new Set([
   IntroTipRouteName,
   CommunityDrawerTipRouteName,
   HomeTabTipRouteName,
   MutedTabTipRouteName,
   NUXTipOverlayBackdropRouteName,
 ]);
 
 export type OverlayNavigationHelpers<ParamList: ParamListBase = ParamListBase> =
   {
     ...$Exact<StackNavigationHelpers<ParamList, {}>>,
     ...OverlayRouterExtraNavigationHelpers,
     ...
   };
 
 export type OverlayNavigationProp<
   ParamList: ParamListBase = ParamListBase,
   RouteName: $Keys<ParamList> = $Keys<ParamList>,
 > = {
   ...StackNavigationProp<ParamList, RouteName, {}, {}>,
   ...OverlayRouterExtraNavigationHelpers,
 };
 
 const { Value, timing, cond, call, lessOrEq, block } = Animated;
 
 type Scene = {
   +route: Route<>,
   +descriptor: Descriptor<OverlayNavigationHelpers<>, {}>,
   +context: {
     +position: ?Value,
+    +positionV2: ?SharedValue<number>,
     +shouldRenderScreenContent: boolean,
     +onExitFinish?: () => void,
     +isDismissing: boolean,
   },
   +ordering: {
     +routeIndex: number,
   },
 };
 
 type SceneData = $ReadOnly<{
   ...Scene,
   +context: $ReadOnly<{
     ...$PropertyType<Scene, 'context'>,
     +visibleOverlays: $ReadOnlyArray<VisibleOverlay>,
     +scrollBlockingModalStatus: ScrollBlockingModalStatus,
     +setScrollBlockingModalStatus: ScrollBlockingModalStatus => void,
     +resetScrollBlockingModalStatus: () => void,
   }>,
   +ordering: $ReadOnly<{
     ...$PropertyType<Scene, 'ordering'>,
     +creationTime: number,
   }>,
   +listeners: $ReadOnlyArray<Animated.Node>,
 }>;
 
 type Props = $Exact<
   NavigatorPropsBase<
     {},
     ScreenListeners<StackNavigationState, {}>,
     OverlayNavigationHelpers<>,
   >,
 >;
 const OverlayNavigator = React.memo<Props>(
   ({ initialRouteName, children, screenOptions, screenListeners }: Props) => {
     const { state, descriptors, navigation } = useNavigationBuilder<
       StackNavigationState,
       OverlayRouterNavigationAction,
       {},
       StackRouterOptions,
       OverlayNavigationHelpers<>,
       {},
       ExtraNavigatorPropsBase,
     >(OverlayRouter, {
       children,
       screenOptions,
       screenListeners,
       initialRouteName,
     });
     const curIndex = state.index;
 
     const positionRefs = React.useRef<{ [string]: Animated.Value }>({});
     const positions = positionRefs.current;
 
+    const positionRefsV2 = React.useRef<{ [string]: SharedValue<number> }>({});
+    const positionsV2 = positionRefsV2.current;
+
+    // cleanup shared values not created with useSharedValue just in case
+    // like described in the reanimated docs:
+    // https://docs.swmansion.com/react-native-reanimated/docs/advanced/makeMutable#remarks
+    React.useEffect(() => {
+      return () => {
+        // we don't want to capture positionV2Refs.current
+        // eslint-disable-next-line react-hooks/exhaustive-deps
+        Object.values(positionRefsV2.current).forEach(position =>
+          cancelAnimation(position),
+        );
+      };
+    }, []);
+
     const firstRenderRef = React.useRef(true);
     React.useEffect(() => {
       firstRenderRef.current = false;
     }, [firstRenderRef]);
     const firstRender = firstRenderRef.current;
 
     const { routes } = state;
     const scenes = React.useMemo(
       () =>
         routes.map((route, routeIndex) => {
           const descriptor = descriptors[route.key];
           invariant(
             descriptor,
             `OverlayNavigator could not find descriptor for ${route.key}`,
           );
           const shouldUseLegacyAnimation = !newReanimatedRoutes.has(route.name);
 
           if (!positions[route.key] && shouldUseLegacyAnimation) {
             positions[route.key] = new Value(firstRender ? 1 : 0);
           }
+          if (!positionsV2[route.key] && shouldUseLegacyAnimation) {
+            positionsV2[route.key] = makeMutable(firstRender ? 1 : 0);
+          }
           return {
             route,
             descriptor,
             context: {
               position: positions[route.key],
+              positionV2: positionsV2[route.key],
               isDismissing: curIndex < routeIndex,
               shouldRenderScreenContent: true,
             },
             ordering: {
               routeIndex,
             },
           };
         }),
       // We don't include descriptors here because they can change on every
       // render. We know that they should only substantially change if something
       // about the underlying route has changed
       // eslint-disable-next-line react-hooks/exhaustive-deps
-      [positions, routes, curIndex],
+      [positions, positionsV2, routes, curIndex],
     );
 
     const prevScenesRef = React.useRef<?$ReadOnlyArray<Scene>>();
     const prevScenes = prevScenesRef.current;
 
     const visibleOverlayEntryForNewScene = (scene: Scene) => {
       const { route } = scene;
       if (route.name === TabNavigatorRouteName) {
         // We don't consider the TabNavigator at the bottom to be an overlay
         return undefined;
       }
       const presentedFrom =
         typeof route.params?.presentedFrom === 'string'
           ? route.params.presentedFrom
           : undefined;
       return {
         routeKey: route.key,
         routeName: route.name,
         position: positions[route.key],
+        positionV2: positionsV2[route.key],
         shouldRenderScreenContent: true,
         presentedFrom,
       };
     };
 
     const visibleOverlaysRef = React.useRef<?$ReadOnlyArray<VisibleOverlay>>();
     if (!visibleOverlaysRef.current) {
       visibleOverlaysRef.current = scenes
         .map(visibleOverlayEntryForNewScene)
         .filter(Boolean);
     }
     let visibleOverlays = visibleOverlaysRef.current;
 
     // The scrollBlockingModalStatus state gets incorporated into the
     // OverlayContext, but it's global to the navigator rather than local to
     // each screen. Note that we also include the setter in OverlayContext. We
     // do this so that screens can freeze ScrollViews as quickly as possible to
     // avoid drags after onLongPress is triggered
     const getScrollBlockingModalStatus = (
       data: $ReadOnlyArray<Scene | SceneData>,
     ) => {
       let status = 'closed';
       for (const scene of data) {
         if (!scrollBlockingModals.includes(scene.route.name)) {
           continue;
         }
         if (!scene.context.isDismissing) {
           status = 'open';
           break;
         }
         status = 'closing';
       }
       return status;
     };
     const [scrollBlockingModalStatus, setScrollBlockingModalStatus] =
       React.useState(() => getScrollBlockingModalStatus(scenes));
 
     const resetScrollBlockingModalStatus = React.useCallback(() => {
       setScrollBlockingModalStatus(
         getScrollBlockingModalStatus(prevScenesRef.current ?? []),
       );
     }, []);
 
     const sceneDataForNewScene = (scene: Scene) => ({
       ...scene,
       context: {
         ...scene.context,
         visibleOverlays,
         scrollBlockingModalStatus,
         setScrollBlockingModalStatus,
         resetScrollBlockingModalStatus,
       },
       ordering: {
         ...scene.ordering,
         creationTime: Date.now(),
       },
       listeners: [],
     });
 
     // We track two previous states of scrollBlockingModalStatus via refs. We
     // need two because we expose setScrollBlockingModalStatus to screens. We
     // track the previous sceneData-determined value separately so that we only
     // overwrite the screen-determined value with the sceneData-determined value
     // when the latter actually changes
     const prevScrollBlockingModalStatusRef = React.useRef(
       scrollBlockingModalStatus,
     );
     const prevScrollBlockingModalStatus =
       prevScrollBlockingModalStatusRef.current;
     const prevScrollBlockingModalStatusFromSceneDataRef = React.useRef(
       scrollBlockingModalStatus,
     );
     const prevScrollBlockingModalStatusFromSceneData =
       prevScrollBlockingModalStatusFromSceneDataRef.current;
 
     // We need state to continue rendering screens while they are dismissing
     const [sceneData, setSceneData] = React.useState(() => {
       const newSceneData: { [string]: SceneData } = {};
       for (const scene of scenes) {
         const { key } = scene.route;
         newSceneData[key] = sceneDataForNewScene(scene);
       }
       return newSceneData;
     });
     const prevSceneDataRef = React.useRef(sceneData);
     const prevSceneData = prevSceneDataRef.current;
 
     // We need to initiate animations in useEffect blocks, but because we
     // setState within render we might have multiple renders before the
     // useEffect triggers. So we cache whether or not new animations should be
     // started in this ref
     const pendingAnimationsRef = React.useRef<{ [key: string]: number }>({});
     const queueAnimation = (key: string, toValue: number) => {
       pendingAnimationsRef.current = {
         ...pendingAnimationsRef.current,
         [key]: toValue,
       };
     };
 
     // This block keeps sceneData updated when our props change. It's the
     // hook equivalent of getDerivedStateFromProps
     // https://reactjs.org/docs/hooks-faq.html#how-do-i-implement-getderivedstatefromprops
     const updatedSceneData = { ...sceneData };
     let sceneDataChanged = false;
     if (prevScenes && scenes !== prevScenes) {
       const currentKeys = new Set<string>();
       for (const scene of scenes) {
         const { key } = scene.route;
         currentKeys.add(key);
 
         let data = updatedSceneData[key];
         if (!data) {
           // A new route has been pushed
           const newVisibleOverlayEntry = visibleOverlayEntryForNewScene(scene);
           if (newVisibleOverlayEntry) {
             visibleOverlays = [...visibleOverlays, newVisibleOverlayEntry];
           }
           updatedSceneData[key] = sceneDataForNewScene(scene);
           sceneDataChanged = true;
           queueAnimation(key, 1);
           continue;
         }
 
         let dataChanged = false;
         if (scene.route !== data.route) {
           data = { ...data, route: scene.route };
           dataChanged = true;
         }
         if (scene.descriptor !== data.descriptor) {
           data = { ...data, descriptor: scene.descriptor };
           // We don't set dataChanged here because descriptors get recomputed on
           // every render, which means we could get an infinite loop. However,
           // we want to update the descriptor whenever anything else changes, so
           // that if and when our scene is dismissed, the sceneData has the most
           // recent descriptor
         }
         if (scene.context.isDismissing !== data.context.isDismissing) {
           data = { ...data, context: { ...data.context, ...scene.context } };
           dataChanged = true;
         }
         if (scene.ordering.routeIndex !== data.ordering.routeIndex) {
           data = { ...data, ordering: { ...data.ordering, ...scene.ordering } };
           dataChanged = true;
         }
 
         if (dataChanged) {
           // Something about an existing route has changed
           updatedSceneData[key] = data;
           sceneDataChanged = true;
         }
       }
 
       for (let i = 0; i < prevScenes.length; i++) {
         const scene = prevScenes[i];
         const { key } = scene.route;
         if (currentKeys.has(key)) {
           continue;
         }
         currentKeys.add(key);
         const data = updatedSceneData[key];
         invariant(data, `should have sceneData for dismissed key ${key}`);
 
         if (!visibleOverlayEntryForNewScene(scene)) {
           // This should only happen if TabNavigator gets dismissed
           // TabNavigator doesn't normally ever get dismissed, but hot reload
           // can cause that to happen. We don't need to animate TabNavigator
           // closed, and in fact we would crash if we tried. So we short-circuit
           // the logic below
           delete updatedSceneData[key];
           sceneDataChanged = true;
           continue;
         }
 
         // A route just got dismissed
         // We'll watch the animation to determine when to clear the screen
         const { position } = data.context;
         const removeScreen = () => {
           // This gets called when the scene is no longer visible and
           // handles cleaning up our data structures to remove it
           const curVisibleOverlays = visibleOverlaysRef.current;
           invariant(curVisibleOverlays, 'visibleOverlaysRef should be set');
           const newVisibleOverlays = curVisibleOverlays.filter(
             (overlay: VisibleOverlay) => overlay.routeKey !== key,
           );
           if (newVisibleOverlays.length === curVisibleOverlays.length) {
             return;
           }
           visibleOverlaysRef.current = newVisibleOverlays;
           setSceneData(curSceneData => {
             const newSceneData: { [string]: SceneData } = {};
             for (const sceneKey in curSceneData) {
               if (sceneKey === key) {
                 continue;
               }
               newSceneData[sceneKey] = {
                 ...curSceneData[sceneKey],
                 context: {
                   ...curSceneData[sceneKey].context,
                   visibleOverlays: newVisibleOverlays,
                 },
               };
             }
             return newSceneData;
           });
         };
         const listeners = position
           ? [cond(lessOrEq(position, 0), call([], removeScreen))]
           : [];
         updatedSceneData[key] = {
           ...data,
           context: {
             ...data.context,
             isDismissing: true,
             shouldRenderScreenContent: false,
             onExitFinish: removeScreen,
           },
           listeners,
         };
         sceneDataChanged = true;
         queueAnimation(key, 0);
       }
     }
 
     if (visibleOverlays !== visibleOverlaysRef.current) {
       // This indicates we have pushed a new route. Let's make sure every
       // sceneData has the updated visibleOverlays
       for (const sceneKey in updatedSceneData) {
         updatedSceneData[sceneKey] = {
           ...updatedSceneData[sceneKey],
           context: {
             ...updatedSceneData[sceneKey].context,
             visibleOverlays,
           },
         };
       }
       visibleOverlaysRef.current = visibleOverlays;
       sceneDataChanged = true;
     }
 
     const pendingAnimations = pendingAnimationsRef.current;
     React.useEffect(() => {
       if (Object.keys(pendingAnimations).length === 0) {
         return;
       }
       for (const key in pendingAnimations) {
         const position = positions[key];
         if (!position) {
           continue;
         }
+        const positionV2 = positionsV2[key];
+        if (!positionV2) {
+          continue;
+        }
         const toValue = pendingAnimations[key];
 
         let duration = 150;
         if (isMessageTooltipKey(key)) {
           const navigationTransitionSpec =
             toValue === 0
               ? TransitionPresets.DefaultTransition.transitionSpec.close
               : TransitionPresets.DefaultTransition.transitionSpec.open;
           duration =
             (navigationTransitionSpec.animation === 'timing' &&
               navigationTransitionSpec.config.duration) ||
             400;
         }
         timing(position, {
           duration,
           easing: EasingNode.inOut(EasingNode.ease),
           toValue,
         }).start();
+        positionV2.value = withTiming(toValue, {
+          duration,
+          easing: Easing.inOut(Easing.ease),
+        });
       }
       pendingAnimationsRef.current = {};
-    }, [positions, pendingAnimations]);
+    }, [positions, positionsV2, pendingAnimations]);
 
     // If sceneData changes, we update scrollBlockingModalStatus based on it,
     // both in state and within the individual sceneData contexts.
     // If sceneData doesn't change,
     // it's still possible for scrollBlockingModalStatus to change via the
     // setScrollBlockingModalStatus callback we expose via context
     let newScrollBlockingModalStatus;
     if (sceneDataChanged || sceneData !== prevSceneData) {
       const statusFromSceneData = getScrollBlockingModalStatus(
         values(updatedSceneData),
       );
       if (
         statusFromSceneData !== scrollBlockingModalStatus &&
         statusFromSceneData !== prevScrollBlockingModalStatusFromSceneData
       ) {
         newScrollBlockingModalStatus = statusFromSceneData;
       }
       prevScrollBlockingModalStatusFromSceneDataRef.current =
         statusFromSceneData;
     }
     if (
       !newScrollBlockingModalStatus &&
       scrollBlockingModalStatus !== prevScrollBlockingModalStatus
     ) {
       newScrollBlockingModalStatus = scrollBlockingModalStatus;
     }
     if (newScrollBlockingModalStatus) {
       if (newScrollBlockingModalStatus !== scrollBlockingModalStatus) {
         setScrollBlockingModalStatus(newScrollBlockingModalStatus);
       }
       for (const key in updatedSceneData) {
         const data = updatedSceneData[key];
         updatedSceneData[key] = {
           ...data,
           context: {
             ...data.context,
             scrollBlockingModalStatus: newScrollBlockingModalStatus,
           },
         };
       }
       sceneDataChanged = true;
     }
 
     if (sceneDataChanged) {
       setSceneData(updatedSceneData);
     }
 
     // Usually this would be done in an effect,
     // but calling setState from the body
     // of a hook causes the hook to rerender before triggering effects. To avoid
     // infinite loops we make sure to set our prev values after we finish
     // comparing them
     prevScenesRef.current = scenes;
     prevSceneDataRef.current = sceneDataChanged ? updatedSceneData : sceneData;
     prevScrollBlockingModalStatusRef.current = newScrollBlockingModalStatus
       ? newScrollBlockingModalStatus
       : scrollBlockingModalStatus;
 
     const sceneList = values(updatedSceneData).sort((a, b) => {
       const routeIndexDifference =
         a.ordering.routeIndex - b.ordering.routeIndex;
       if (routeIndexDifference) {
         return routeIndexDifference;
       }
       return a.ordering.creationTime - b.ordering.creationTime;
     });
 
     const screens = sceneList.map(scene => {
       const { route, descriptor, context, listeners } = scene;
       const { render } = descriptor;
 
       const pressable = !context.isDismissing && !route.params?.preventPresses;
       const pointerEvents = pressable ? 'auto' : 'none';
 
       // These listeners are used to clear routes after they finish dismissing
       const listenerCode =
         listeners.length > 0 ? <Animated.Code exec={block(listeners)} /> : null;
       return (
         <OverlayContext.Provider value={context} key={route.key}>
           <View style={styles.scene} pointerEvents={pointerEvents}>
             {render()}
           </View>
           {listenerCode}
         </OverlayContext.Provider>
       );
     });
 
     return (
       <NavigationHelpersContext.Provider value={navigation}>
         <View style={styles.container}>{screens}</View>
       </NavigationHelpersContext.Provider>
     );
   },
 );
 OverlayNavigator.displayName = 'OverlayNavigator';
 const createOverlayNavigator: CreateNavigator<
   StackNavigationState,
   {},
   {},
   ExtraNavigatorPropsBase,
 > = createNavigatorFactory<
   StackNavigationState,
   {},
   {},
   OverlayNavigationHelpers<>,
   ExtraNavigatorPropsBase,
 >(OverlayNavigator);
 
 const styles = StyleSheet.create({
   container: {
     flex: 1,
   },
   scene: {
     bottom: 0,
     left: 0,
     position: 'absolute',
     right: 0,
     top: 0,
   },
 });
 
 export { createOverlayNavigator };