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Synthetix reintroduces the SNX and sUSD stake incentive program, with a total reward of 10 million SNX.
Techub News, synthetic asset protocol Synthetix announced the re-launch of the SNX staking mechanism, users can stake SNX in the 420 pool of the Ethereum mainnet, and share 5 million SNX rewards according to the staking amount and duration. Rewards start accruing from May 28 and will be unlocked at the end of the 12-month lock-up period (May 28, 2026). The new mechanism no longer requires holders to manage debt positions or collateral ratios, lowering the barrier to participation. The staked principal can be withdrawn at any time (subject to a 7-day cooldown period), but early withdrawal will result in the loss of accumulated rewards, which will be returned to the Synthetix vault to incentivize long-term stakers and prevent short-term arbitrage.
In addition, the sUSD staking channel is now open, with a rewards pool of 5 million SNX, but the staked funds will be completely locked for 12 months.