Managing Debt Jubilee and Legacy Staking Positions
Last updated
Last updated
As of April 2025, the 420 Pool has replaced all previous SNX staking mechanisms. Stakers no longer manage individual debt positions, and debt is now managed by the protocol. If you previously migrated to the 420 Pool under the Debt Jubilee, or were force-migrated due to recent changes to liquidation thresholds, this page will help you manage your position.
Solo staking . As part of the transition, liquidation thresholds were progressively raised to migrate all remaining stakers into the 420 Pool. If your position was below 160% c-ratio and you did not migrate, it was liquidated as part of this process.
and create a ticket to claim your position. If you need assistance joining Discord, you may reach out through Twitter or Telegram.
If you migrated your position to the 420 Pool during the Debt Jubilee period (March–April 2025), your debt began reducing linearly over 12 months.
Your SNX was automatically delegated to the 420 Pool.
Your debt is burning linearly: 50% after 6 months, 100% after 12 months.
You cannot be liquidated.
Once 12 months have passed, your debt reaches 0, and your SNX is fully unlocked.
SNX rewards for Simple Staking are not provided to Debt Jubilee Participants. You may repay your debt any time to transition to Simple Staking.
You can unstake at any time by withdrawing your SNX. However:
A 7-day cooldown applies before you can claim your SNX.
If you exit before your debt is fully burned, you must repay the remaining debt after subtracting any burned amount and applying the early exit penalty.
The early exit penalty applies only to the % of debt reduced. You can never owe more debt than when you entered the pool.
