Synthetix will stop exchanging synthetic currencies other than sUSD on Ethereum and migrate users to the V3 system
On April 8th, Synthetix, a synthetic asset agreement, will stop exchanging synthetic currencies other than sUSD on Ethereum and migrate users to the V3 system. If users hold sETH, sBTC, or other spot synthetic assets other than sUSD, they need to exchange them before April 15th. After that, any remaining non-dollar spot synthetic currency can only be exchanged for sUSD at Chainlink's price through the L1 redemption contract. The official statement said that migrating liquidity to sUSD will help introduce liquidity to sUSD and increase activity on Synthetix V3.
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.
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