The Mirfak Release

Synthetix

Sep 14, 2021 • 1 min read

Later today (September 13, ~08:00 UTC), several new updates will be added to the protocol. During this release, there will be no downtime. Here's what’s included in this release:

SIP-142 - Deprecating EtherCollateral loans: Will officially deprecate old loan contracts that have already been wound down.
SIP-145 - Debt Cache Event Consistency: Fixes an incorrect debt cache event value.
SIP-170 - Inflation Diversion for L2 Incentives: Directs part of SNX inflation to L2 staking rewards.
SIP-174 - Redeem Deprecated Synths: Creates a synth redeemer contract that allows holders of deprecated synths to redeem them for sUSD at a frozen price from the time of deprecation. Note that no synths will be deprecated during this release.

This release is called Mirfak, 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.

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