As a part of Synthetix’s transition to the brand new 420 staking pool, legacy SNX staking positions have now been liquidated as specified by SCCP-403, however most positions may be recovered. If you happen to’re a legacy staker who has not but migrated to the 420 Pool, please observe the steps under as quickly as attainable.
This migration helps the Synthetix system evolve to assist our future merchandise together with the upcoming Perps v4, automated vaults, and extra.
What This Means
In case your C-Ratio was under 160% on the time of place closure, your staking place has been liquidated and can’t be recovered.In case your C-Ratio was 160% or above, your place is eligible for restoration—however you need to act quickly. The restoration window lasts for six months from the time of closure.
Easy methods to Recuperate Your Place
To get better your eligible SNX staking place:
Be a part of the Synthetix DiscordNavigate to the #create-a-ticket channelOpen a brand new ticket and supply your public pockets addressYour place will probably be migrated to 420.synthetix.io throughout the subsequent couple weeks
Help is simply offered within the Synthetix Discord ticketing system. Help won’t ever be offered by a direct message, or on an exterior server. In case you have hassle accessing this Discord, please solely talk by tagging our public X account or sending a message in our Telegram.
Please word: Your place will retain the identical debt it had on the time of closure. You could repay this debt at any time to unlock your SNX.
What Comes Subsequent?
The 420 pool permits stakers to have their debt forgiven over a interval of 12 months whereas staking SNX within the 420 pool. Extra necessities to stake a portion of your sUSD debt, in addition to extra rewards for sUSD stakers, will roll out within the coming weeks. See Kain’s weblog on managing the sUSD peg for a sneak pekk at future roadmap gadgets, and apply to check sUSD staking for early entry to those rewards.
Keep knowledgeable and take part within the course of by becoming a member of our discord, and following our bulletins on Telegram and X.
Be a part of the dialog: discord.gg/synthetixSubscribe to TG: https://t.me/+v80TVt0BJN80Y2YxFollow us on X: x.com/synthetix_io
