Synthetix Launches Redesigned Website with Enhanced Features
Synthetix Launches Redesigned Website with Enhanced Features
馃帹 Synthetix Got a Facelift
Synthetix has unveiled a comprehensive website redesign that consolidates its product ecosystem into a single hub at synthetix.io.
Key updates include:
- Access to 90+ Perps markets
- Expanded liquidity opportunities
- New leveraged tokens for 10+ assets
The enhanced stats page now displays:
- Real-time APRs and fees data
- Liquidity rewards metrics
- Perps volume analytics
- SNX token performance
The governance structure aligns with Vision 2025, featuring the Spartan Council with 6-month election terms and a 4/7 approval threshold.
Visit synthetix.io to explore the new interface.
Synthetix LP rewards just got even higher: we have increased the fee share for V3 Liquidity Providers by 50% 馃捀 With SCCP-373 implemented, V3 LPs share of trading fees is up from 40% to 60%. Moreover, Synthetix Treasury intends to channel some integrator fees to add to V3 LPs
Decembrrrr Base LP Incentives are here! Synthetix is rolling out a four-week program to boost liquidity for the busy perps trading season. LPs can unwrap new SNX and USDC rewards each week while earning boosted trading fees. Ready to earn? Check out the details 馃У 馃斀
SNX Debt Jubilee Update and sUSD Staking Opportunity
**Important deadline approaching for SNX stakers:** - Debt jubilee resets and pauses in 10 days - Requirement: 10% of debt balance must be in sUSD 420 pool - Current staking rewards for sUSD exceed 100% APY Stakers who fail to meet the requirement will face debt position reset. This affects all debt positions not meeting the 10% threshold in the 420 pool. *Time-sensitive action required for affected stakers*
Synthetix Liquidations Resume - 420 Pool Migration Update
Synthetix is re-enabling liquidations for existing stakers following the 420 Pool migration launch. Key updates: - Stakers with c-ratio below 160% are now at risk of liquidation - The 420 Pool offers complete debt forgiveness for migrators - Over 100m SNX already deposited in first day - New features include: * No liquidation risk * Protocol-managed sUSD liquidity * SNX-backed yield generation * Partnership with Ethena Labs for USDe minting Non-stakers will soon be able to participate with new incentives. A cross-chain Swap & Stake feature is coming to support deposits from multiple EVM chains. [Migrate to 420 Pool](https://420.synthetix.io/) [Read Documentation](https://docs.synthetix.io/welcome-to-synthetix-user-docs/snx-staking/deposit-snx-to-the-420-pool)
Synthetix Launches Multi-collateral Perps with tBTC Support
Synthetix has launched Multi-collateral Perpetuals on Kwenta (Arbitrum network) with tBTC as the primary Bitcoin collateral option. Key features: - 81 new perpetual markets added - 4 collateral options including tBTC, ETH, USDe, and USDx - tBTC integration offers 1:1 BTC backing with permissionless minting - No KYC required for Bitcoin bridging Limited-time incentives: - Reduced taker fees (5 bps) for 2 weeks - 20% of trading fees distributed to LPs for 1 month - Kwenta points program active for traders Trading now live at kwenta.io
Synthetix Reboot Approved by Community Vote
Synthetix's SR-2 proposal has passed with 99.94% approval, initiating a significant reboot of the protocol. Key changes include: - SNX token redesign - Operationalized SNAX Chain - Restarting Synth Teleporters development - Increased focus on business development and marketing - Perps V3 expansion and V2X deprecation - V3 Perp multichain proliferation Governance will shift to a single 7-member Spartan Council, replacing the previous three-council structure. New core working groups will be formed, and a foundation will be established to handle legal and operational matters. These changes aim to make Synthetix more efficient, aligned, and focused for both short and long-term goals.