Automating Staking, Claiming, Burning, and Minting
Synthetix, in partnership with Gelato, offers automation for various staking-related tasks, such as claiming rewards, minting max (to stake additional SNX), and burning (to unstake some SNX or raise your c-ratio). This automation is facilitated by the Synthetix Delegate function, introduced with SIP-10 in March 2020. Gelato bots, while unable to control your entire staking account, can claim rewards, mint, and burn on your behalf using this delegate function.
How it Works:
- The bot claims your rewards if your c-ratio exceeds the target at any point during the week.
- If you manually burn sUSD to raise your c-ratio above the target, the bot will also claim your rewards.
- If your c-ratio never exceeds the target, the bot will not claim your rewards.
Setup Guide:
- Deposit Funds: Add funds to your Gelato Account for transaction fees. A recommended amount is $20-25, considering Optimism transactions cost approximately $0.50.
- Create a Task: Go to Gelato and click "Create Task." Use
0xaAd3a6178d741DEA76F57901FeeDaC0f7Bb280E5
as the contract address.

- Select Function: Choose "Claim" after clicking "Select a function."
- Enter Your Address: Input your address in the designated field.

- Set Frequency: Select "Whenever Possible" for constant eligibility checks.
- Name Your Task: Provide a name and complete the task setup.
- Delegate Claiming Rights: Delegate only claiming rights to the Gelato contract (0xaAd3a6178d741DEA76F57901FeeDaC0f7Bb280E5) at https://staking.synthetix.io/delegate.
Functionality:
- If your c-ratio is below the target but you have sufficient sUSD to burn, Gelato will burn sUSD first and then claim your SNX rewards.
Setup Guide:
- Follow the same steps as above, but choose the "Burn and Claim" function instead of "Claim."
- Delegate the ability to both burn and claim to the Gelato address.
SNX community member Gunboats has developed a tool in collaboration with the Gelato Network, allowing users to automate SNX minting based on their preferred settings. This automation can significantly streamline the minting process for SNX stakers.
Step 1: Set Up Task in Gelato Network
- 1.Visit and Connect: Go to Gelato Network. Connect your wallet to Optimism or Ethereum depending on where you stake.
- 2.Create a Task:
- Input SNX token address based on your network:
- Ethereum Mainnet:
0xd0dA9cBeA9C3852C5d63A95F9ABCC4f6eA0F9032
- Optimism:
0x8700dAec35aF8Ff88c16BdF0418774CB3D7599B4
- Switch to Custom ABI
- Select function: issuemaxsynthsonbehalf
- Click “Resolver” and input the MaxMint Contract address:
- Ethereum Mainnet:
0x509c4C872d2a8A82aD2C9Cbd09869697c7C6729b
- Optimism:
0xaD2E8F76f5f7b4378fD49fE62b8C0960511cf734
- 3.Select the Checker function & input your staking address into input field
- 4.Name your task
- 5.Before finalizing the creation of your task, note down the msg.sender for use in the next step.
Step 2: Delegate Minting Permission
- Delegate in Synthetix: Use the Synthetix Staking Dapp to delegate minting permission to the msg.sender address obtained from Gelato when creating your task.
Step 3: Configure MaxMint Contract
- Access MaxMint on Etherscan: Visit the MaxMint contract page on Etherscan.
- Set Configuration: Connect your wallet and Call the setConfig function. Choose between C-Ratio Mode or sUSD Mode for settings (see below)
C-Ratio Mode (Method #1)
- 1.Target C-Ratio: Decide your target C-Ratio, e.g., 505% (5.3 in decimal).
- 2.Convert to Wei: Use 1/ Automated Target C-Ratio, then input this number into https://eth-converter.com/ as ether, then copy the Wei value and add two 0’s on the end to make sure it’s 18 digits.
- Example: Automated Target C-Ratio of 505%
- 1.1/505 = 0.001980198019802
- 2.
- 3.Add two additional zeros 1980198019802000 + 00 = 198019801980200000
- 3.Input in Etherscan:
- Optimism: [1, "198019801980200000", 0] - It must use this exact template for Optimistic Etherscan.
- Ethereum Mainnet: Input each piece separately:
- 1.1
- 2.198019801980200000
- 3.0
sUSD Mode (Method #2)
- 1.sUSD Threshold: Choose the dollar threshold, e.g., $500.
- 2.Convert to Wei: Multiply the amount by 1e18. For $500, it’s 500000000000000000000.
- 3.Input in Etherscan:
- Optimism: [2, 0, "500000000000000000000"] - It must use this exact template for Optimistic Etherscan.
- Ethereum Mainnet: Input each piece separately:
- 1.2
- 2.0
- 3.500000000000000000000
Last modified 3h ago