Synthetix

Come join us on Mar 9/ Mar 10 for the next Synthetix community governance call!

The next Synthetix community governance call is scheduled for March 9 at 9pm UTC (3/9 afternoon/evening for western hemisphere; 3/10 morning for eastern hemisphere), and we’d love for you to join us! We'll be holding this event on our Discord, RSVP at https://discord.

The Algieba Release

Later today, the Algieba release will begin. There will be no downtime on L1 or L2. Here's what's included in this release: SIP-185 [https://sips.synthetix.io/sips/sip-205/]: Add Three New Synths on Optimism with Shorting: sAVAX, sMATIC, and sEUR We're very excited

The Hamal Release

Later today (2/18/22, ~07:00-10:00 PM UTC), the Hamal release will begin. There will be no downtime on L1/L2. Here's what’s included in this release: * SIP-202 [https://sips.synthetix.io/sips/sip-202/]: Target Staking Ratio: Introduce a target staking ratio incentivized through inflation.

The Polaris Release

Later today (2/14/22, 8:00-9:00pm UTC), the Polaris release will begin. There will be no downtime on L1 or L2. Here's what’s included in this release: * SCCP-163 [https://sips.synthetix.io/sccp/sccp-163/]: Update Optimism Chainlink Oracles to OCR * SIP-199 [https://sips.synthetix.io/

Dynamic Exchange Fees Explained

Frontrunning First off, the most crucial part of this is defining what Frontrunning is as it relates to Synthetix Synthetix utilizes Chainlink oracles to update prices for each Synthetic asset offered. Due to market volatility, it is possible to trade before an oracle can update its price, guaranteeing a risk-free

The Alphard Release

Later today/tomorrow (2/08/22, ~03:00-05:00 AM UTC), the Alphard release will begin. Minting, Claiming, and Burning will all be down for approximately 2-4 hours on both L1 and L2. We highly recommend that everyone claim your SNX staking rewards on Layer One and Layer Two right

dHEDGE Debt Mirror Index Token - Mainnet

Synthetix has partnered with dHEDGE to deploy a one-click debt mirror index for SNX stakers on mainnet Ethereum. With this tool, each staker can hedge their exposure to the debt pool. Main article points: * dHEDGE tool that helps automate SNX stakers’ debt management by automatically mirroring debt pool * To activate

The Mirzam Release

Later today (2/07/22, ~05:00-06:00 UTC), the Mirzam release will begin. There will not be any downtime on L1 or L2 during this release. Here's what’s included in this release: * SIP-209 [https://sips.synthetix.io/sips/sip-209/]: Update Exchanger for backwards compatibility The Exchanger.

The Alsephina Release

Later today (2/02/22, ~05:00-07:00 UTC), the Alsephina release will begin. There will not be any downtime on L1 or L2 during this release. Here's what’s included in this release: * SIP-184 [https://sips.synthetix.io/sips/sip-184/]: Dynamic Exchange Fees: Add a dynamic fee

WETH/SNX Incentives on L2

We’re excited to announce a new round of incentives for WETH/SNX on Optimistic Ethereum. Synthetix will partner with Gelato to leverage G-UNI pools that enable rewards for liquidity providers. 50,000 SNX will be distributed for one month to WETH/SNX liquidity providers, with the possibility to extend

ETH Loans are live on Layer Two through Staking

We’ve integrated the Synthetix loans feature directly into the Staking dapp on Layer Two (Optimistic Ethereum). Loans have been live on mainnet for almost a year now, and we’re excited to allow more of our users access to sUSD loans. Loans are essential as an onboarding option for

The Peacock Release

Later today (1/18/22), the Peacock release will begin. During this release, there will not be any downtime on L1 or L2. Here's what’s included in this release: * SIP-200 [https://sips.synthetix.io/sips/sip-200/]: Fix FeePool Rewards Distribution: Fix the FeePool contract such that only

Synthetix partners with Gauntlet for risk management modeling

Synthetix is excited to partner with the Gauntlet team to provide automated financial risk management simulations for the Synthetix protocol. The unique mechanics of the Synthetix protocol require deep analysis to optimize, and Gauntlet has the resources, systems, and experience to ensure that Synthetix has both proper risk management and

Major Subgraph Improvements

We're excited to announce that we've recently released a major update to our subgraphs. This will allow for easier and more accurate queries of data from the Synthetix protocol via The Graph [https://thegraph.com/]. If you're a developer who would like to start

The Alhena Release

Later today (December 16, ~00:00 UTC), the Alhena release will begin. Here's what's included in this release: * SIP-188 [https://sips.synthetix.io/sips/sip-188/]: Add sETHBTC synth on L1: Adds a synth to L1 that mirrors the ratio of prices between ETH and BTC. * SIP-194

Come join us on Dec 15/ Dec 16 for the next Synthetix community governance call!

The next Synthetix community governance call is scheduled for December 16th at 10pm UTC (12/15 afternoon/evening for western hemisphere; 12/16 morning for eastern hemisphere), and we’d love for you to join us! The current agenda for this month’s meeting (subject to change) is as follows:

The Atria Release

Later today (December 3, ~08:00 UTC), the Atria release will begin. During this release, minting, burning, and claiming will be down on L2 only for 2-3 hours. Here's what’s included in this release: * SIP-192 [https://sips.synthetix.io/sips/sip-192/]: Fee Pool Accounting Error Fix and

Futures Update

Ever since our transition to Optimistic Ethereum (OΞ) kicked off earlier this year, we have been working towards our goal of launching the most liquid, fully on-chain perpetual futures platform in DeFi. Much progress has been made and numerous lessons learned, culminating in a Kwenta testnet competition [https://blog.kwenta.

Debt Pool Synthesis

Before jumping in a quick reminder on some of the naming conventions used in this post. V2x refers to the remaining scope to be delivered in the current Synthetix protocol V3 refers to the redesigned contract architecture to be deployed next year V3GM refers to the new generalised governance module

The Menkalinan Release

Later today (November 23, ~1800:00 UTC), the Menkalinan release is expected to take place. During this period, there will be no downtime on L1 and up to 30 minutes of downtime on L2. Here's what’s included in this release: * SIP-167 [https://sips.synthetix.io/sips/sip-167/

The Alkaid Release

Later today (November 16, ~23:59 UTC), the Alkaid release will implement some upgrades on L1 only. During this release there will be no downtime. Here's what’s included in this release: * SIP-120 [https://sips.synthetix.io/sips/sip-120/]: Atomic Exchange Function: This SIP creates a new exchange

Lyra Fee Rebate

The newly formed Synthetix Treasury Council will assist LYRA with fee rebates in order to make pricing competitive, and to signal support to ecosystem partners that bring direct benefit to SNX stakers. A solution to the problem Due to the current 40bps fee that is charged by Synthetix on Optimism,

The Avior Release

Later today, the Avior release will implement a new upgrade on L2 only. During this release there will be no downtime on L1, but up to 3 hours of downtime L2 during which time deposits will be disabled. Here's what’s included in this release: * SIP-182 [https://sips.

The Kaus Release

Later today (October 19, ~21:00 UTC) the Kaus release will begin, implementing a minor upgrade on both L1 and L2. During this release there will be no downtime on L1 or L2. Here's what’s included in this release: * SIP-187 [https://sips.synthetix.io/sips/sip-187/] -

Moving Tokens Between Ethereum Mainnet and Optimism

Optimism Gateway - For moving the vast majority of your tokens, you can do so directly with the official Optimism gateway [https://gateway.optimism.io/welcome ] at https://gateway.optimism.io/welcome. To do this, you will need to connect your wallet, select the token you’d like to migrate,