Product Updates

Product updates from Synthetix

Leveraged Tokens rewards claims are live. Latest release also includes various bug fixes and leveraged token vault performance improvements.
New sUSD/USDe Curve pool deployed and incentivized on Mainnet, leading to the Mainnet peg being restored. Anticipating arbing from Optimism over the next few days as users plan to farm CRV or sell into the Mainnet pool, improving the peg on Optimism as well.
Starting work on fixing how we display LP PNL. The current implementation does not include previously claimed liquidation rewards or incentives, but does include liquidated debt, which leads to a significant misrepresentation of LP performance. Over the last 28 days, the APR for LPs has been 35% for the stataUSDC pool and 28% for the USDC pool.
The V2 SNX staking site has been simplified with only up to date and relevant information
SIP-420 audit remediations in review and UI nearing completion. The new interface will unify the SNX yield experience across Mainnet and Optimism and lead to a deprecation of V2 Staking (finally).
V4 and Snaxchain improvements ongoing. No more leaks yet.

SNX stakers stay tuned for an announcement, as SIP-420 is implemented and in final audit review
Leverage Tokens are launched, and the Token Rally rewards program is in full swing
Exchange has an upgraded advanced orders (SL/TP) and conditional order system, with 1 Click Trading and Account Abstraction are in final testing and launching soon
Liquidity is faster, simpler, and has a smoother UX
Rewards are continuing for USDC LPs on Base, and sUSD on Infinex
Arbitrum deprecation is nearing completion - all LPs and traders are encouraged to withdraw and exit the system as liquidation ratios may be increased in future to accelerate wind down

Last updated 3 months ago