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  1. Staking
  2. Staking Guide (Nearing Deprecation)

Steps for Claiming Rewards

PreviousSteps for Unstaking SNX (via Burning)NextAutomating Staking, Claiming, Burning, and Minting

Last updated 22 days ago

General Information

  • 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.

  • sUSD Fees: These fees are burned weekly and automatically reduce your debt, so there's no need to claim them manually.

Step-by-Step Guide to Claiming Rewards

With the passage of SIP 2043, stakers no longer need to claim inflationary rewards as inflation has been set to zero.

  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://legacy-staking.synthetix.io/staking/burn.