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How to Stake SNX

Last updated: Mar 11, 2026

The 420 Pool allows users to stake SNX on Ethereum Mainnet and earn SNX rewards.

This guide explains how to acquire SNX, stake it, and manage your position.

What you need before you start

Make sure you:

  • Hold SNX on Ethereum Mainnet (legacy staking positions may exist on Optimism)
  • Have your wallet connected to Ethereum Mainnet (or Optimism for legacy staking)
  • Have a supported wallet connected

If you hold SNX on another network, we recommend bridging it to Ethereum Mainnet before staking.

Step 1: Acquire SNX

You can acquire SNX through:

  • Centralized exchanges
  • Decentralized swap aggregators
  • Cross-chain swap providers

Ensure your SNX is on Ethereum Mainnet before proceeding.

Step 2: Visit the 420 Pool App

  1. Go to https://420.synthetix.io/
  2. Connect your wallet
  3. Ensure your wallet is set to Ethereum Mainnet

Ethereum Mainnet is currently the only supported network for new SNX staking positions.

Step 3: Stake SNX

  1. Select the SNX tab
  2. Enter the amount of SNX you wish to stake (minimum 30 SNX)
  3. Click Stake
  4. Confirm the transaction in your wallet

Once the transaction confirms on-chain, your staking position will be created.

Understanding Rewards

  • A total of 5,000,000 SNX is distributed over 12 months
  • Rewards unlock after the full 12-month program period
  • Early exit penalties apply to earned rewards only
  • Your principal SNX is not subject to penalty

Track Your Position

After staking, your position will display:

  • Amount staked
  • Accrued rewards
  • Estimated time to full unlock

Unstaking SNX

To withdraw your position:

  1. Select Unstake
  2. Review the confirmation screen, including any reward penalty
  3. Confirm the transaction

If you are within the 7-day cooldown period, the interface will display the remaining time.