The Atria Release

Later today (December 3, ~08:00 UTC), the Atria release will begin. During this release, minting, burning, and claiming will be down on L2 only for 2-3 hours. Here’s what’s included in this release: SIP-192: Fee Pool Accounting Error Fix and Reimbursement: Fixes an error where fees from WrapperFactory are double-counted. An error in the WrapperFactory … Read more

Futures Update

Ever since our transition to Optimistic Ethereum (OΞ) kicked off earlier this year, we have been working towards our goal of launching the most liquid, fully on-chain perpetual futures platform in DeFi. Much progress has been made and numerous lessons learned, culminating in a Kwenta testnet competition held in October. Overall, the testnet competition was … Read more

The Menkalinan Release

Later today (November 23, ~1800:00 UTC), the Menkalinan release is expected to take place. During this period, there will be no downtime on L1 or L2. Here’s what’s included in this release: SIP-167 – L2 Bridged Governance: This SIP creates a bridge to connect L2 contracts to an L1 Gnosis Safe. The bridge will allow … Read more

The Alkaid Release

Later today (November 16, ~23:59 UTC), the Alkaid release will implement some upgrades on L1 only. During this release there will be no downtime. Here’s what’s included in this release: SIP-120: Atomic Exchange Function: This SIP creates a new exchange function allowing users to atomically exchange synths via TWAP Uniswap oracles secured by Chainlink oracles. … Read more

Lyra Fee Rebate

The newly formed Synthetix Treasury Council will assist LYRA with fee rebates in order to make pricing competitive, and to signal support to ecosystem partners that bring direct benefit to SNX stakers. A solution to the problem Due to the current 40bps fee that is charged by Synthetix on Optimism, current options spreads in Lyra … Read more

The Avior Release

Later today, the Avior release will implement a new upgrade on L2 only. During this release there will be no downtime on L1, but up to 3 hours of downtime L2 during which time deposits will be disabled. Here’s what’s included in this release: SIP-182 – Wrappr factory: This SIP creates a new WrapperFactory contract … Read more

The Kaus Release

Later today (October 19, ~21:00 UTC) the Kaus release will begin, implementing a minor upgrade on both L1 and L2. During this release there will be no downtime on L1 or L2. Here’s what’s included in this release: SIP-187 – Fix Partial Synth Updates In Debt Cache: Fixes an issue with partial updates of synths … Read more

Moving Tokens Between Ethereum Mainnet and Optimism

Optimism Gateway – For moving the vast majority of your tokens, you can do so directly with the official Optimism gateway at https://gateway.optimism.io/welcome. To do this, you will need to connect your wallet, select the token you’d like to migrate, and then select Deposit. The transaction will require some gas, like any other transaction. Once … Read more

The Sargas Release

Later today (October 7, ~14:00 UTC), the Sargas release will begin which will bring some new features to Synthetix on the Optimistic Ethereum L2. During this release there will be no downtime on L1, but there will be up to 3 hours of downtime on L2 and deposits to L2 will be frozen during that … Read more

Come join us on Sep 30 / Oct 1 for the next Synthetix community governance call!

The next Synthetix community governance call is scheduled for September 30th at 9pm UTC (9/30 afternoon/evening for western hemisphere; 10/1 morning for eastern hemisphere), and we’d love for you to join us! The current agenda for this month’s meeting (subject to change) is as follows: Welcome Spartan Council updates Intro new CC’s L2 rollout status … Read more