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Synthetix: Legacy SNX Staking Positions Liquidated, Upgrade Sets Stage for Future Product Support

9 hours ago

On April 27th, Synthetix officially made an announcement. After the SCCP-403 proposal, the platform has successfully completed the transition to the 420 staking pool. As planned, the old SNX staking positions have been liquidated. If the liquidation occurred with a collateralization ratio ≥160%, the staking positions can be recovered within 6 months. Positions below 160% have been permanently liquidated. This upgrade lays the foundation for future products such as the support for Perps v4 perpetual contracts and automated Vaults. Details regarding sUSD staking rewards and new rules will be announced in the coming weeks. Users can apply to participate in the testing.
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