The Castor release

Synthetix -

Update: This release has been delayed 22 hours, and will now be deployed at 23:00 UTC on Thursday, January 14.

This Thursday (January 14, ~01:00 UTC) an upgrade is being deployed with a major protocol improvement. During this time, which is expected to take up to several hours, users may be unable to interact with the protocol, including using Staking, Mintr, Kwenta, or Synthetix.Exchange, and transferring SNX or Synths.

Here's what is included in this release:

  • SIP-60: New RewardsEscrow Contract — This SIP involves migrating to a new SNX escrow contract that supports migration to L2, flexible and infinite escrow support for terminal inflation, and migrating and deprecating the existing reward escrow contract.
  • SIP-102: OVM Phase D (Staking on L2) — This is the next step of integrating with Optimism to enable the staking of SNX on L2 - an environment with faster transaction throughput and much cheaper gas costs. This will not include exchanges on L2, which is planned for the future. (subject to governance approval)
  • SIP-105: Multi-collateral loans bug fix — This fixes a bug found in the previous multi-collateral loans release. (subject to governance approval)

This release is called ‘Castor,' 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.