According to Foresight News, the synthetic asset protocol Synthetix announced the relaunch of its SNX staking mechanism. Users can stake SNX in the 420 pool on the Ethereum mainnet and share 5 million SNX rewards based on their staking amount and duration. Rewards will start accumulating from May 28 and will be unlocked after the 12-month lock-up period ends (May 28, 2026).
The new mechanism no longer requires holders to manage debt positions or collateralization ratios, lowering the participation threshold. Users can. principal staked can at after a day cooling), but early withdrawal will result in losing accumulated rewards, which will be returned to theix treasury to incentivize long-term stakers and prevent short-term arbitrage. Additionally, the sUSD staking channel is simultaneously opened, with a reward pool of 5 million SNX, but staked funds will be completely locked for 12 months.
