Are you interested in staking $SNX and contributing to the liquidity layer powering Synthetix Perps, which has already processed over $40 billion in trading volume and distributed $30+ million in fees to stakers (aka LPs)?
Read more 👉
Start staking SNX on Optimism and Ethereum by following these steps: 👇
1. Visit
2. Stake your SNX by minting sUSD - This involves locking your collateral and taking out an sUSD debt loan, which must be repaid to unlock your original collateral.
3. Claim your rewards - No action is needed, as fee distribution is automated every Wednesday. Fees are burned to reduce your debt, effectively distributing fees to you.
4. Hedge your debt - Make sure to hedge your debt using tools like dSNX or manually hedge with your newly generated sUSD.
5. Be aware of liquidation risks - Keep an eye on your C-Ratio, as SNX price movements and debt fluctuations can impact it. Burn sUSD debt to increase your c-ratio, or stake more SNX.
6. Be mindful of cooldowns - Once SNX is staked and sUSD is minted, you'll be unable to unstake for 7 days.
Read more 👉
Start staking SNX on Optimism and Ethereum by following these steps: 👇
1. Visit
2. Stake your SNX by minting sUSD - This involves locking your collateral and taking out an sUSD debt loan, which must be repaid to unlock your original collateral.
3. Claim your rewards - No action is needed, as fee distribution is automated every Wednesday. Fees are burned to reduce your debt, effectively distributing fees to you.
4. Hedge your debt - Make sure to hedge your debt using tools like dSNX or manually hedge with your newly generated sUSD.
5. Be aware of liquidation risks - Keep an eye on your C-Ratio, as SNX price movements and debt fluctuations can impact it. Burn sUSD debt to increase your c-ratio, or stake more SNX.
6. Be mindful of cooldowns - Once SNX is staked and sUSD is minted, you'll be unable to unstake for 7 days.
