PANews reported on April 27 that Synthetix stated in its official blog that according to the SCCP-403 proposal, Synthetix has officially completed the transition to the 420 staking pool, and all old SNX staking positions have been settled as planned. However, most positions can still be restored. If users are historical stakers who have not yet migrated to the 420 pool, they must follow the steps below as soon as possible. This upgrade will promote Synthetix system's comprehensive support for future products, including the upcoming Perps v4 perpetual contract platform, automated Vaults, and other core functions.
Key rule explanation: If a user's staking position has a collateralization ratio (C-Ratio) lower than 160% at the time of liquidation, the staking position has been permanently liquidated and cannot be restored. If the collateralization ratio is ≥160% at liquidation, your staking position can be restored, but migration must be completed within 6 months from the liquidation date. Precautions after restoration: The migrated staking position will retain the debt scale at the time of liquidation, and users can repay debt at any time to unlock SNX tokens; the new pool allows stakers to gradually reduce debt over 12 months (subject to certain conditions), with specific rules and sUSD staking rewards program to be announced in the coming weeks. Currently, users can apply to participate in the sUSD staking test.
