Synthetix collaborates with dHEDGE to offer a straightforward solution for debt hedging via a one-click debt mirror index. This tool, specifically designed for SNX stakers on the Optimism network, simplifies the process of hedging against debt pool exposure.
Purchasing dSNX Token: In the user interface, select "Hedge on Toros" to buy the dSNX token.
Hedging Ratio: One sUSD worth of the dSNX token hedges an equivalent amount of your sUSD debt.
Hedging your Debt: If you have an active debt of 100,000 sUSD, purchasing 100,000 sUSD worth of the dHEDGE debt mirror index token will approximately align your debt with the movements of the overall debt pool, minimizing the need for active management.
Withdraw from dHEDGE (to burn sUSD)
Process: To withdraw from the hedging strategy, go to Toros Finance and select the 'Sell' button to sell your dSNX tokens.
Alternative Hedging Strategies
Other Options: While the dHEDGE dSNX tool offers a convenient method to ensure parity between issued and active debt, it's not the sole strategy available. SNX stakers may explore other methods.