Earn Yield on SNX
Last updated
V3 User Docs
Last updated
You can deposit your SNX and mint (borrow with 0% interest) sUSD on the Liquidity App: https://liquidity.synthetix.io/
To learn about the Liquidity App and how to use it, see the LP page of our docs.
See the announcement at https://blog.synthetix.io/synthetix-v3-migration/
Users who currently stake SNX on the Ethereum Mainnet (L1) in the V2 system can migrate their collateral to the V3 Legacy Market. This migration process involves transferring the staked SNX to the V3 system, where account tokens will be minted to the existing stakers' addresses. Migrated stakers will continue to back all debt issued by the V2 system.
Migrated stakers will be eligible to earn rewards from the Perps V2 L1 market and any upcoming V3 Markets backed by the Spartan Council Pool.
Stakers will gain access to the improved collateral management, liquidations, and staking incentives offered by the V3 system.
Navigate to https://liquidity.synthetix.io/#/dashboard?migrate=snx to be guided through the migration flow on Mainnet.
The staker's SNX collateral, debt, and escrow will be transferred from the V2X system to the V3 system.
An account NFT will be minted to the staker's address in the V3 system.
The migrated staker will continue to back the debt issued by the V2X system through the Legacy Market.
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