Everything posted on this account is my personal opinion, not a financial advice. Do your own research.
Dec 10, 2022 • 10 tweets • 7 min read
Pieces of #Synthetix puzzle are falling into their places...
I spent some time, since morning, to figure out where we are now, in terms of progress... 🧵
1. Alphecca Release on Nov. 30th introduced some upgrades to #Synthetix contracts, to facilitate upcoming migration of debt and collateral from V2 to V3.
1/22
Parallel development of #Synthetix V2x and V3:
#Synthetix core-contributors split up into two groups in 2021, to build two different scopes at the same time. At the same time #SNX on-boarded additional engineers and core contributors to accelerate the process.
2/22
Feb 28, 2021 • 13 tweets • 5 min read
As you know, @optimismPBC's mainnet launches in March. @synthetix_io in Phase 0 of mainnet and Phase 1 coming in couple days/weeks. Phase 2 coincides with launch of Synthetix V3, a compete re-write of the original codebase.
This is what's coming in next 2 months on V3:
1/13
New SNX staking mechanism
This mechanism would require users to send SNX to a contract to stake and SNX outside this contract would always be freely transferable.