Synthetix Completes Liquidation of Old SNX Staking Positions and Promotes Perps v4 Upgrade

04-27

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announced that Synthetix has officially completed the migration to the 420 staking pool according to the SCCP-403 proposal, with all old SNX staking positions fully liquidated. Staking positions with a collateralization ratio above 160% can be restored within 6 months, while positions below 160% have been permanently liquidated. This adjustment paves the way for future products such as Perps v4 perpetual contracts and automated Vaults. Details of sUSD staking rewards and related rules will be announced in the coming weeks, and users can apply to participate in the test.

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Yield Farming

Decentralized Exchange (DEX) Token

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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