Synthetix will stop exchanging synthetic currencies other than sUSD on Ethereum and migrate users to the V3 system
2024-04-08 02:09:56
On April 8th, it was announced that Synthetix, a synthetic asset protocol, will stop exchanging synthetic currencies other than sUSD on Ethereum and migrate users to the V3 system. If users hold sETH, sBTC, or other spot synthetic assets other than sUSD, they need to exchange them before April 15th. Afterwards, any remaining non US dollar spot synthetic currency can only be exchanged for sUSD through L1 redemption contracts at Chainlink prices. The official stated that migrating liquidity to sUSD will help introduce liquidity from sUSD and increase activity on Synthetix V3.
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