Synthetix will cease trading non-US dollar spot synthetic assets on the Ethereum mainnet
Mars Finance reports that Synthetix has announced on platform X, according to proposal SIP-2059, Synthetix will cease trading non-US dollar spot synthetic assets on the Ethereum mainnet (L1) from April 15 and migrate to the V3 system. Users holding sETH, sBTC or other non-sUSD spot synthetic assets need to take action.
After April 15, remaining non-US dollar spot synthetic assets can only be redeemed into sUSD at prices shown by Chainlink through L1 redemption contracts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decentralized RWA infrastructure project Infinite Galaxy Protocol officially launches Genesis Node sale
HyperLiquid co-founder: No external fundraising has been conducted, so there are no investor HYPE token unlocks
Santiment: Stablecoin yields decline, Ethereum may soon return to the $3,200 level
Data: Ethereum staking rate reaches 28.65%, Lido market share at 24.12%
Trending news
MoreCrypto prices
More
