Gate.io News bot message, Synthetix officially completed the transition to the 420 staking pool according to the SCCP-403 proposal. As planned, the platform has liquidated the old SNX staking positions. Holders of staking positions with a collateralization ratio of 160% or above have 6 months to recover, while positions with a collateralization ratio below 160% have been permanently liquidated.
This system upgrade prepares for the launch of new products such as Perps v4 perpetual contracts and automated Vaults. The official announcement states that specific details regarding sUSD stake rewards and new rules will be announced to the community in the coming weeks, while inviting users to participate in testing.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Synthetix has completed the transition to the 420 staking pool, and the old SNX Position has been liquidated.
Gate.io News bot message, Synthetix officially completed the transition to the 420 staking pool according to the SCCP-403 proposal. As planned, the platform has liquidated the old SNX staking positions. Holders of staking positions with a collateralization ratio of 160% or above have 6 months to recover, while positions with a collateralization ratio below 160% have been permanently liquidated.
This system upgrade prepares for the launch of new products such as Perps v4 perpetual contracts and automated Vaults. The official announcement states that specific details regarding sUSD stake rewards and new rules will be announced to the community in the coming weeks, while inviting users to participate in testing.
Source: Wu Says