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Synthetix plans to introduce a new SNX staking module that does not participate in collateralizing the minting of sUSD

2023-06-19 15:40:14
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ChainCatcher news, Synthetix founder Kain Warwick posted that to address the overly complex SNX staking mechanism, he suggests implementing the SNX staking module with Synthetix V3. This staking module only requires users to stake SNX without participating in collateralizing the minting of sUSD. Initially, the treasury committee will provide rewards for this pool, and in the future, a portion of protocol fees may be allocated.

In addition, Kain Warwick also plans to introduce the SNX liquidity provision (SNXLP) module, which aims to replace the previous mechanism of collateralizing SNX to mint sUSD, offering advantages such as allowing liquidity providers to choose the markets in which to provide liquidity. (source link)

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