On May 17th, Synthetix plans to migrate to the V3 version in June and will launch the sUSD incentive next week. The main changes in the V3 version include:
Accelerating Real Gains: V3 replaces inflationary SNX rewards with real gains from transaction fees and a repurchase/destruction mechanism to reduce SNX supply.
SUSD collateral: SUSD will be backed by multiple assets such as SNX, ETH, USDC, and yield-generating collateral, thus enhancing scalability.
Simplified LPing: Delta-neutral design of Synthetix Perps and cash markets makes participation easier.
SUSD incentives include:
Velodrome (Optimism): sUSD/USDC liquidity increases by 10,000 OP per week;
CurveFinance (Ethereum): The sUSD liquidity pool is increasing by 20,000 SNX per week.
Synthetix plans to migrate to V3 in June
2024-05-17 05:06:29
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