Synthetix: The old SNX pledged position has been liquidated, and users need to migrate ASAP.
According to Synthetix's official news, according to the SCCP-403 proposal, Synthetix has begun to liquidate the old version of SNX staking positions and requires users to migrate to the new 420 staking pool.
For users with a collateral ratio above 160%, their pledged positions can be restored within 6 months by submitting a work order through Discord, while positions with a collateral ratio below 160% will be permanently liquidated. The migrated positions will retain the original debt, and users can repay the debt at any time to unlock SNX.
The migration is to support new products such as the upcoming Perpetual Contract v4 and Automated Vault. The new 420 staking pool will provide users with a 12-month debt forgiveness period, and will also introduce sUSD debt staking requirements and related incentive mechanisms in the coming weeks.
Synthetix: The old SNX pledged position has been liquidated, and users need to migrate ASAP.
2025-04-27 06:29:52
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