Today, Oct 20th, the Aspidiske release will begin. Here’s what’s included in this release: * SIP-252: Liquidation of SNX Escrow: Allows SNX entries to be liquidated in case of force liquidation Motivation for Change In the initial release of the new liquidation mechanism escrow entries couldn’t … (read more)

We’ve recently partnered with Gelato to allow stakers to automatically claim their SNX staking rewards on Optimism. As of right now, the integration enables stakers to claim their weekly rewards once their C-Ratio is above the target C-Ratio (as of right now, this is 350%) The functionality to enab… (read more)

Synthetix is a Layer-2 scaling solution that enables on-chain exposure to a broad range of crypto and non-crypto assets. Read it on. (read more)

Nominations for the next epoch’s Synthetix Councils (Spartan, Grants, Treasury, and Ambassador Council) are now open! The epoch lasts for 3 months, from July 1st to September 1st. All elected council members will receive a monthly stipend from the Synthetix Treasury of 2,000 SNX per month. Nominati… (read more)

Synthetix has partnered with dHEDGE to deploy a one-click debt mirror index for SNX stakers on Optimism. Initially, this tool was launched onto mainnet, but it is now live on Optimism. With this tool, each staker can hedge their exposure to the debt pool. Main article points: * dHEDGE & Toros Fi… (read more)

Oh, the moment you’ve all been waiting for: Debt Pool Synthesis. Both debt pools will become one on March 24th, starting between 9pm-11pm UTC. Once complete, the update will be announced as such. Once Debt Synthesis and the debt pools are merged, two key results affect stakers: 1. SNX inflationar… (read more)

People who are new to SNX are also new to Decentralized Finance (DeFi) and its concepts. Within this context, “Staking” is a non-trivial concept. At first glance one might think that staking SNX is… (read more)