Synthetix is completed with L2s.
With Arbitrum and Base gone, we’re now shutting down Optimism as a remaining farewell. By September, all remaining Synthetix performance on Optimism will stop to exist. This marks the ultimate step in our broader transition away from Layer 2 deployments, as we refocus all assets and growth towards Synthetix Mainnet, the high-performance perp alternate constructed on Ethereum.
If you’re at the moment an SNX staker on Optimism within the 420 pool, it’s possible you’ll stay staked, and revel in the advantages of the Debt Jubilee. We salute our Optimism stakers and ask that you just flip off the lights in your approach out.
What’s Taking place
Synthetix will deprecate all remaining merchandise on Optimism in three phases:
- August 18: Perps will enter close-only mode.
- August 25: All open perps positions will probably be force-closed, and margin will probably be airdropped to consumer wallets in sUSD. Customers with contract or multisig wallets should open a help ticket in Discord to reclaim funds.
- August 31: All different Synthetix performance on Optimism will probably be deprecated.
For the only expertise, please exit your positions quickly and bridge sUSD to Ethereum Mainnet in preparation for the subsequent part of Synthetix on Ethereum.
What You Ought to Do
Perps Merchants
If you happen to’re buying and selling perps on Optimism, it’s best to shut your positions and withdraw earlier than August 25. Merchants who don’t shut their positions can have their positions force-closed, and obtain any remaining margin stability on to their wallets. If you happen to’re utilizing a multisig or good contract pockets, you’ll not obtain an airdrop of your margin. Please open a ticket in Discord.
We encourage merchants to bridge any remaining sUSD margin to Ethereum Mainnet. As soon as on Mainnet, sUSD may be staked, added to Curve liquidity swimming pools, or deposited within the SLP early deposit vault to proceed incomes.
SNX or sUSD Holders
If you happen to’re an SNX or sUSD holder on Optimism however not actively staking within the 420 Pool, bridge your tokens again to Mainnet utilizing Superbridge:
You may select the native 7-day route with no slippage, or quick bridging with some slippage, relying on liquidity.
As soon as on Mainnet, you may:
- Stake SNX with no lockup to earn protocol rewards (~37% APR)
- Stake sUSD within the 420 pool to earn yield (~44% APR, locked till April 2026)
- Deposit sUSD within the SLP Early Deposit Vault for unique perks (coming in August)
- Present liquidity within the sUSD/sUSDe Curve pool to earn rewards
- Maintain sUSD in your Infinex account to earn yield and an opportunity to win prizes.
Infinex Customers
If you happen to’re utilizing Infinex, no motion is required. Your sUSD will probably be robotically bridged to Mainnet in your behalf, and rewards will proceed.
420 Stakers on Optimism
420 stakers don’t must take any motion presently. Guarantee you will have the required sUSD staked to finish your Debt Jubilee.
All future growth is targeted on Ethereum Mainnet. Synthetix Mainnet gives a sooner, less complicated, and safer perps buying and selling expertise. We invite you to make the transfer with us.
Be a part of the dialog: discord.gg/synthetix
Subscribe to Telegram: t.me/+v80TVt0BJN80Y2Yx
Comply with on X: x.com/synthetix_io
