Legacy Automated Minting & Claiming

Gelato has recently upgraded to Gelato V2, to access your old tasks, please visit https://legacy.app.gelato.network/

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.

Automated Claiming

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.

Automated Claiming with 'Burn to Claim'

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.

Automated Minting (thanks to Gunboats)

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

   • Copy and Paste the SNX Token Contract ABI from the Mainnet Etherscan link
   • 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.

  • Ethereum Mainnet: 0x213f1d3d8cac06d39436380fdaee93007b1bd108
  • Optimism: 0xaD2E8F76f5f7b4378fD49fE62b8C0960511cf734
• Set Configuration: Connect your wallet and Call the setConfig function. Choose between C-Ratio Mode or sUSD Mode for settings (see below)

Configuring Modes

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. Inputted into https://eth-converter.com/ as ether and then copied as wei = 1980198019802000
     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