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Decentralised synthetic assets

The Acrux release

The Acrux release

Next Tuesday (June 30, beginning around 12am midnight UTC), we're deploying an upgrade with several protocol improvements. The system will be down for a few hours while the upgrade is deployed. During this time, users may be unable to interact with the system, including using Mintr or Synthetix.Exchange, and transferring SNX or Synths.

Here's what is included in this release:

  • Binary options (SIP-53): This update adds the much-awaited binary options trading feature to Synthetix.Exchange. It’s a type of options contract that provides a fixed return based on a binary outcome in the future. It pays out on a certain date if the price of a chosen asset is above (or below) a level specified at the creation of the option. Here’s a more detailed summary of how it works.
  • Stale rates update (SIP-48): This update will change the current logic, which errors out on when reading effective values when rates are stale to instead simply returning the value even if stale. This will improve the performance of dApps and scripts.

This release is called Acrux,' which like all releases is named after a star (in order of visual magnitude). If you've got any comments or questions about the release, please come join the conversation in Discord.


Garth Travers

Garth Travers

Garth is Communications Manager at Synthetix, a synthetic assets platform.