Looking for V2X SNX Staking?

Looking for SNX Staking?

If you are interested in staking SNX, it's important to note that SNX is not currently supported as a collateral type in the Synthetix V3 system on the Base network. Instead, USDC is being used as the primary collateral type for liquidity providers on Base.

However, if you want to stake SNX and earn rewards from the Synthetix ecosystem, you can do so through the Legacy Market on Ethereum Mainnet (L1).

The Legacy Market allows users to migrate their staked SNX from the V2X system to the V3 system, while continuing to back the debt issued by the V2X system.

• Please refer to the Staking SNX on Ethereum (Legacy Market) section for more information on how to stake SNX in V3.

• If you are looking for information on how to stake SNX on the Optimism network using the V2X system, please refer to the Synthetix V2X Staking Documentation.

Rewards for SNX Stakers:

Although SNX staking is not directly supported in the V3 system on Base, SNX stakers can still benefit from the fees generated by the V3 system. 40% of the fees collected on Base are used to buy back and burn SNX, effectively distributing rewards to SNX holders.

For more information on SNX staking and rewards, please visit the Synthetix V2X Staking Documentation and the Ethereum Legacy Market Documentation.