Synthetix sUSD Native Bridge Live on Staking Dapp
Synthetix sUSD Native Bridge Live on Staking Dapp
The Synthetix sUSD native bridge is now operational on the Staking Dapp, enabling users to transfer sUSD from Optimism to Ethereum Mainnet for arbitrage opportunities. It is important to note that bridging from Optimism to Mainnet involves a 7-day delay.
The Synthetix sUSD native bridge is now live in the Staking Dapp. Users can bridge sUSD from Optimism to Ethereum Mainnet, allowing them to arbitrage sUSD/USDC between chains. Note: Bridging from OP to mainnet incurs a 7-day delay. staking.synthetix.io/bridge/
Synthetix Launches New Mainnet Exchange with SNX Rewards Program
Synthetix unveils a new onchain exchange combining Ethereum L1 security with CEX-like performance. Key features: - Ethereum mainnet custody & settlement - High-performance offchain matching - Institutional-grade APIs - No bridge/sequencer risk A rewards program launches with **SNX tokens** for early participants. 500 exclusive invite codes will be distributed to: - Early sUSD/sUSDe depositors - 420 pool stakers - Key partners *Participants can earn through deposits, trading, and referrals.* Join the community: - Discord: [Chat](https://discord.gg/synthetix) - Telegram: [Updates](https://t.me/+v80TVt0BJN80Y2Yx)
Synthetix Mainnet Migration & Staking Upgrade Announcement
Synthetix has announced a significant platform evolution with three major updates: - Full migration to Ethereum mainnet - Major upgrade to staking mechanisms - Evolution of perpetual futures trading Join the Synthetix Biweekly community call on June 4th at 22:30 UTC via X Spaces to learn the full details of these platform enhancements. [Join the X Spaces discussion](https://x.com/i/spaces/1lPJqMpBmnnJb)
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 Redesigned Website with Enhanced Features
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 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