Synthetix V3 has been deployed to the Ethereum mainnet and Optimism

2023-02-23 14:50:24

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ChainCatcher news, the synthetic asset protocol Synthetix V3 has been deployed to the Ethereum mainnet and Optimism. The migration plan requires the Synthetix V3 system to support the Synthetix V2 system through the legacy market, allowing liquidity providers in the V2 system to migrate their positions to the V3 system with a single transaction, and continue to provide collateral for existing spot synthetic and perpetual futures markets.

It is reported that Synthetix V3 will have a more modular foundational mechanism, featuring multi-collateral staking, customizable debt positions, and permissionless synthetic assets. The proposal includes dividing the debt pool into independent markets, facilitating the exchange and minting/burning of snxUSD, and accounting for net debt against the corresponding underwriter's staker. The new framework will enable underwriters to flexibly choose markets for underwriting and manage market risk conditions, achieving customized and efficient debt management. (Source link)

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