Toros Finance Introduces sUSDcy to Boost Synthetix V3 USDC Liquidity
Toros Finance Introduces sUSDcy to Boost Synthetix V3 USDC Liquidity
馃敟 Turbo-Charged DeFi Liquidity
Toros Finance has launched sUSDcy, a new product that aims to enhance Synthetix V3 USDC liquidity in a composable DeFi ecosystem. Users can hold sUSDcy and let it auto-compound, deposit it into Aerodrome's sUSDcy/USDC or sUSDcy/SNX pools to earn a portion of the auto-compounding rewards and AERO emissions, or soon use Ajnafi to borrow USDC with sUSDcy as collateral. The sUSDcy/USDC and sUSDcy/SNX pools on Aerodrome have recently been approved for AERO emissions.
sUSDcy from @torosfinance turbocharges Synthetix V3 USDC liquidity into composable DeFi. Users can: 1. Hold sUSDcy and let it auto-compound. 2. Deposit to @AerodromeFi's sUSDcy/USDC or sUSDcy/SNX pool & earn a portion of #1 + AERO emissions. 3. 馃敎 Use @ajnafi to borrow USDC with
sUSDCy marks Toros' debut in providing liquidity to @synthetix_io V3 using USDC. With V3, liquidity providers will have the flexibility to allocate collateral to various markets according to their risk profiles. More collateral choices coming soon!
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 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
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.