Synthetix has completed the transition to the 420 staking pool, and the old SNX Position has been liquidated.

Gate.io News bot message, Synthetix officially completed the transition to the 420 staking pool according to the SCCP-403 proposal. As planned, the platform has liquidated the old SNX staking positions. Holders of staking positions with a collateralization ratio of 160% or above have 6 months to recover, while positions with a collateralization ratio below 160% have been permanently liquidated.

This system upgrade prepares for the launch of new products such as Perps v4 perpetual contracts and automated Vaults. The official announcement states that specific details regarding sUSD stake rewards and new rules will be announced to the community in the coming weeks, while inviting users to participate in testing.

Source: Wu Says