Synthetix: The old SNX stake positions have been liquidated, but most can still be recovered. Users need to migrate as soon as possible.

PANews April 27 news, Synthetix stated in its official blog that according to the SCCP-403 proposal, Synthetix has officially completed the transition to the 420 staking pool, and all old SNX staking positions have been liquidated as planned. However, most positions can still be restored. If users are historical stakers who have not yet migrated to the 420 pool, please be sure to follow the steps below as soon as possible. This upgrade will drive the Synthetix system to fully support future products, including the upcoming Perps v4 Perptual Futures platform, automated Vaults, and other core features. Key Rule Explanation: If the user’s staking position has a collateral ratio (C-Ratio) below 160% at the time of liquidation, this staking position has been permanently liquidated and cannot be restored. If the collateral ratio at the time of liquidation is ≥160%, your staking position can be restored, but the migration must be completed within 6 months from the date of liquidation. Important Notes after Restoration: The migrated staking position will retain the debt scale at the time of liquidation, and users can repay the debt at any time to unlock SNX tokens; the new pool allows stakers to gradually reduce their debt within 12 months (subject to certain conditions), and specific rules and sUSD staking reward plans will be announced in the coming weeks. Users can apply to participate in the sUSD staking test.