Steps for Claiming Rewards
- Weekly Snapshot: To be eligible for rewards, you must be staked before the weekly snapshot, which occurs every Wednesday.
- Target c-ratio: For maximum rewards, maintain a c-ratio close to the target. You can adjust this by minting max in the staking menu.
- Escrowed SNX Rewards: Claimed SNX rewards are held in escrow for one year. During this period, they cannot be transferred or sold but are automatically staked.
- sUSD Fees: These fees are burned weekly and automatically reduce your debt, so there's no need to claim them manually.
- 1.Initiate the Claim: On the Synthetix platform, click "Claim your rewards."
- 2.Claim Staking Rewards: Select "Claim Synthetix Staking Rewards" and confirm the transaction in your wallet.
- Note: sUSD rewards are burned automatically each Wednesday. Liquidation rewards, while not expiring, must be claimed to start vesting.
Troubleshooting: If you're unable to claim, it could be due to a c-ratio below the target. Increase your c-ratio by burning sUSD or staking more SNX at https://staking.synthetix.eth.limo/staking/burn.