Synthetix is completed with L2s.
With Arbitrum and Base gone, we’re now shutting down Optimism as a ultimate farewell. By September, all remaining Synthetix performance on Optimism will stop to exist. This marks the ultimate step in our broader transition away from Layer 2 deployments, as we refocus all assets and growth towards Synthetix Mainnet, the high-performance perp alternate constructed on Ethereum.
If you’re presently an SNX staker on Optimism within the 420 pool, it’s possible you’ll stay staked, and luxuriate in the advantages of the Debt Jubilee. We salute our Optimism stakers and ask that you just flip off the lights in your manner out.
What’s Taking place
Synthetix will deprecate all remaining merchandise on Optimism in three phases:
- August 18: Perps will enter close-only mode.
- August 25: All open perps positions will probably be force-closed, and margin will probably be airdropped to person wallets in sUSD. Customers with contract or multisig wallets should open a assist ticket in Discord to reclaim funds.
- August 31: All different Synthetix performance on Optimism will probably be deprecated.
For the best expertise, please exit your positions quickly and bridge sUSD to Ethereum Mainnet in preparation for the subsequent section of Synthetix on Ethereum.
What You Ought to Do
Perps Merchants
In the event you’re buying and selling perps on Optimism, it is best to shut your positions and withdraw earlier than August 25. Merchants who don’t shut their positions may have their positions force-closed, and obtain any remaining margin stability on to their wallets. In the event you’re utilizing a multisig or sensible contract pockets, you’ll not obtain an airdrop of your margin. Please open a ticket in Discord.
We encourage merchants to bridge any remaining sUSD margin to Ethereum Mainnet. As soon as on Mainnet, sUSD could be staked, added to Curve liquidity swimming pools, or deposited within the SLP early deposit vault to proceed incomes.
SNX or sUSD Holders
In the event you’re an SNX or sUSD holder on Optimism however not actively staking within the 420 Pool, bridge your tokens again to Mainnet utilizing Superbridge:
You possibly can select the native 7-day route with no slippage, or quick bridging with some slippage, relying on liquidity.
As soon as on Mainnet, you possibly can:
- Stake SNX with no lockup to earn protocol rewards (~37% APR)
- Stake sUSD within the 420 pool to earn yield (~44% APR, locked till April 2026)
- Deposit sUSD within the SLP Early Deposit Vault for unique perks (coming in August)
- Present liquidity within the sUSD/sUSDe Curve pool to earn rewards
- Maintain sUSD in your Infinex account to earn yield and an opportunity to win prizes.
Infinex Customers
In the event you’re utilizing Infinex, no motion is required. Your sUSD will probably be routinely bridged to Mainnet in your behalf, and rewards will proceed.
420 Stakers on Optimism
420 stakers don’t must take any motion right now. Guarantee you’ve got the required sUSD staked to finish your Debt Jubilee.
All future growth is targeted on Ethereum Mainnet. Synthetix Mainnet presents a quicker, less complicated, and safer perps buying and selling expertise. We invite you to make the transfer with us.
Be a part of the dialog: discord.gg/synthetix
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