The End of Solo Staking
As part of Synthetix’s transition to the new 420 staking pool, legacy SNX staking positions have now been liquidated as laid out in SCCP-403, but most positions can be recovered. If you're a legacy staker who has not yet migrated to the 420 Pool, please follow the steps below as soon as possible.
This migration helps the Synthetix system evolve to support our future products including the upcoming Perps v4, automated vaults, and more.
What This Means
- If your C-Ratio was below 160% at the time of position closure, your staking position has been liquidated and cannot be recovered.
- If your C-Ratio was 160% or above, your position is eligible for recovery—but you must act soon. The recovery window lasts for six months from the time of closure.
How to Recover Your Position
To recover your eligible SNX staking position:
- Head to the Synthetix Support Page
- Open the help messenger at the bottom right of the page
- Tell the bot to connect you with the team, and provide your public wallet address
- Your position will be migrated to 420.synthetix.io within a few weeks
Support is only provided in the Synthetix Help Center site. Look for the synthetix.io subdomain to identify official sites. Support will never be provided through social media, or on an external site. If you have trouble accessing the help center, you may seek help from our public social media sites, but never share private details in these channels.
Please note: Your position will retain the same debt it had at the time of closure. You may repay this debt at any time to unlock your SNX.
What Comes Next?
The 420 pool allows stakers to have their debt forgiven over a period of 12 months while staking SNX in the 420 pool. Additional requirements to stake a portion of your sUSD debt, as well as additional rewards for sUSD stakers, will roll out in the coming weeks. See Kain's blog on managing the sUSD peg for a sneak peek at future roadmap items, and apply to test sUSD staking for early access to these rewards.
Stay informed and participate in the process by joining our discord, and following our announcements on Telegram and X.
Join the conversation: discord.gg/synthetix
Subscribe to TG: https://t.me/+v80TVt0BJN80Y2Yx
Follow us on X: x.com/synthetix_io