Synthetix Completes Transition to 420 Staking Pool: Key Changes and Future Upgrades Announced
The post Synthetix Completes Transition to 420 Staking Pool: Key Changes and Future Upgrades Announced appeared on BitcoinEthereumNews.com. On April 27th, Synthetix made significant strides in its operational framework by officially transitioning to the new **420 staking pool** as outlined in the **SCCP-403 proposal**. This strategic upgrade has led to the **liquidation of old SNX staking positions**, executed as planned. Notably, users whose positions experienced a **collateralization ratio of 160% or higher** can expect recovery options within a six-month period, while those below this threshold face permanent liquidation. This transition is pivotal as it lays the groundwork for anticipated products, including enhanced **support for Perps v4 perpetual contracts** and innovative **automated Vaults**. Stakeholders should remain vigilant, as further details regarding **sUSD staking rewards** and updated operational rules are set to be revealed in the upcoming weeks, alongside opportunities for users to engage in testing phases. Source: https://en.coinotag.com/breakingnews/synthetix-completes-transition-to-420-staking-pool-key-changes-and-future-upgrades-announced/
The post Synthetix Completes Transition to 420 Staking Pool: Key Changes and Future Upgrades Announced appeared on BitcoinEthereumNews.com.
On April 27th, Synthetix made significant strides in its operational framework by officially transitioning to the new **420 staking pool** as outlined in the **SCCP-403 proposal**. This strategic upgrade has led to the **liquidation of old SNX staking positions**, executed as planned. Notably, users whose positions experienced a **collateralization ratio of 160% or higher** can expect recovery options within a six-month period, while those below this threshold face permanent liquidation. This transition is pivotal as it lays the groundwork for anticipated products, including enhanced **support for Perps v4 perpetual contracts** and innovative **automated Vaults**. Stakeholders should remain vigilant, as further details regarding **sUSD staking rewards** and updated operational rules are set to be revealed in the upcoming weeks, alongside opportunities for users to engage in testing phases. Source: https://en.coinotag.com/breakingnews/synthetix-completes-transition-to-420-staking-pool-key-changes-and-future-upgrades-announced/
What's Your Reaction?
